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31283287
31283288

1824 W 2nd Ave, Spokane, WA 99201

DL
WA 26840
LT Real Estate
RT
WA 24027253
LT Real Estate
Listed by LT Real Estate
$750,000
71 days on market
Updated 71 days ago

1824 West 2nd Avenue

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,040
Units 5
Cap Rate 6.59%
NOI $49,457
Price per SqFt $247
Lot Size (SqFt) 7,750

1824 West 2nd Avenue | 5 Units

Marketing description

Excellent investment opportunity in Spokane’s highly desirable Browne’s Addition neighborhood. This two-story multifamily property comprises five 1 bed, 1 bath units, each offering strong rental appeal in one of the city’s most established and walkable areas. Each unit blends historic character with functional layouts, including original hardwood floors, abundant natural light, and decorative fireplaces in select units. Full-size kitchens and well-maintained bathrooms with tub/shower combinations provide practical, comfortable living spaces for tenants. The property offers consistent demand due to its proximity to parks, dining, medical facilities, and downtown Spokane. Ideal for investors seeking stable cash flow in a proven rental submarket.

Investment highlights

  • 5 - 1 Bed -1 Bath Units

  • 2 Furnished Short Term Rentals

  • On Site Laundry Facilities

  • Located in Browne’s Addition Neighborhood

  • Monthly Rental Income of $5,285.00

Flyer - https://listings.ltrealestateco.com/1824-west-2nd-avenue

Listing Contacts

DL
WA 26840
LT Real Estate
RT
WA 24027253
LT Real Estate
Listed by LT Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$49,457.00
$4,121.42/mo

Valuation Metrics

0
DSCR
6.59%
Cap Rate
6.59%
ROI

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Additional Information

Name
Dallas Lightner
License
26840
Brokerage
LT Real Estate
Title
Designated/Managing Broker
Name
Ryan Towner
License
24027253
Brokerage
LT Real Estate
Title
Real Estate Broker
Brokerage Address
902 West Garland Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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