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520 E Wabash Avenue, Spokane, WA 99207

Spokane
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: peter clark
Office: the paragon group
MLS#:2520728
Source:NWMLS
520 E Wabash Avenue,Spokane, WA 99207
$475,000
  • - Beds
  • - Baths
  • 3,400 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$475,000
  • Price per sq. ft.:$139.71

About this home

8.5% In-Place Cap Rate | $3,800/Month Rental Income | Low $500/Month Operating Expenses | Rare 8 Bed Duplex North Spokane duplex generating $3,800 per month in rental income with long-term tenants paying $1,900 per unit. Rarely do duplexes offer two oversized 4 bedroom, 2 bathroom units, creating strong tenant demand and long-term rental stability. With approximately $500 per month in operating expenses and a projected 9% cash-on-cash return, this property delivers strong returns from day one. Additional upside exists through cosmetic improvements, exterior updates, and future rent growth. Conveniently located near schools, shopping, services, and major Spokane corridors, this is a strong value-add opportunity with stable income and multiple paths to future appreciation.

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Home facts

  • Year built:1976
  • Listing ID #:2520728
  • Updated:June 27, 2026 at 12:28 PM

Rooms and interior

  • Living area:3,400 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1976
  • Building area:3,400 sq. ft.
  • Lot area:0.12 Acres
  • Construction Materials:Brick Exterior Finish

Schools

  • High school:Rogers High
  • Middle school:Garry Mid
  • Elementary school:Lidgerwood Elem

Utilities

  • Water:Community
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$475,000
  • Price per sq. ft.:$139.71
  • Tax amount:$3,971 (2026)

Parking

  • Total parking spaces:3
  • Carport spaces:3
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of June 27, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Vicki Monteagudo

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