About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

1908 W 3rd Ave, Spokane, WA 99201

$276,000

Last sold 12/31/2024 for $235K

—
bed
—
bath
1,278
Sqft ($184/Sqft)

House not for sale

Listing Broker: Kidder Mathews; Max Frame

About 1908 W 3rd Ave

Property type House

Neighborhood

Year built 1887

HOA fee $0/month

Lot size 3,828 Sqft

Movoto estimate

Property description

Well-maintained, value-add triplex in Spokane's highly desired Brownes Addition. With 2 units vacant, and remaining vacant for the next owner, buyers have immediate opportunity to either occupy and a unit as an owner-user or to renovate units to enhance rental income. Ownership has put ample capital improvements into the property since acquiring the building, including exterior paint and a new roof in 2020.

Listed by

Listing Agent - Max Frame

Listing Office - Kidder Mathews

Source: NWMLS

MLS#2314959 • last updated 1 year ago

Movoto checked NWMLS for data 4 minutes ago

Overview
Cooling/AC	Window Unit A/C
Heating	Baseboard
Levels/Style	Triplex
MLS #	2314959
SubType	Multi-Family
Type	Residential Income
SqFt	1278
Status	Sold
Lot Size (SqFt)	3828
Lot Size (Acres)	0.0879
Property Tax	2728
Buying Office	Amplify Real Estate Services
Year Built	1887
Buying Office Phone	509-294-7551
Condition	Good

Interior
Flooring	Vinyl Plank

Exterior
Foundation	See Remarks
Roof	Composition
# Covered Spaces	2
# Parking Spaces	2
Exterior Features	See Remarks

Amenities / Utilities
Sewer/ Septic	Sewer Connected, City Of Spokane
Water	Public
Water Company	City Of Spokane
Power Company	Avista
Power Production: Type	Electric
HOA Amenities	Storage

Location
County	Spokane
Subdivision	Spokane
Area	561 - Spokane County
High School District	Spokane
APN	25241.2111

Multifamily Details
Net Operating Income	18166
Capitalization Rate	5.68
Expense: Insurance	1800
Expense: Electricity	1476
Gross Scheduled Income	35988
Expense: Fuel	1476
Expense: Other	8146
Gross Adjusted Income	35268
Total Expenses	17102
Gross Rent Multiplier	8.89
Nwm_Totalmonthlyincome	2099
Vacancy Rate	2

$276K

Range: $173K-$378K

Last 30 days

Rental est.: $825/month

• Gross rent multiplier: 23.7

Lower your payment with the loan terms that fit you.

Dec 2024
MLS # 2314959
Dec 31, 2024 Sold
$235,000 (-14.5%)
Dec 21, 2024 Pending
—
Dec 5, 2024 Listed
$275,000 (-14.1%)
Sep 2024
MLS # 2275416
Sep 24, 2024 Price Change
$320,000 (-8.6%)
Aug 8, 2024 Listed
$350,000

Year Property taxes Tax assessment
2025
$2,947 +8.0%

$296,620 +5.48%
2024
$2,728 +6.6%

$281,220 +7.62%
2023
$2,560 +18.7%

$261,320 +42.02%
2022
$2,157 -7.3%

$184,000 -5.83%
2021
$2,328 +52.3%

$195,400
2020
$1,529 +4.8%

$195,400 +58.48%
2019
$1,458 -11.2%

$123,300 +4.67%
2018
$1,642 +4.9%

$117,800 +1.9%
2017
$1,565 -3.2%

$115,600
2016
$1,617 -1.7%

—
2015
$1,646

—

1908 W 3rd Ave
$235K
Browne's Addition
$439K +12% y/y
99201
$368K 0% y/y
Spokane
$434K -1% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
1913 W 3rd Ave, Spokane, WA 99201	$383,800	3/1	2,004	0.03
1917 W 3rd Ave, Spokane, WA 99201	$336,000	2/1	1,762	0.03
215 S Cannon St, Spokane, WA 99201	$343,600	4/2	2,560	0.03
1921 W 3rd Ave, Spokane, WA 99201	$403,800	2/2	1,640	0.04
1923 W 2nd Ave, Spokane, WA 99201	$470,300	4/2	3,624	0.04
317 S Cannon St, Spokane, WA 99201	$292,600	3/2	2,255	0.06
1926 W 4th Ave, Spokane, WA 99201	$377,000	4/2	3,024	0.08
2019 W 2nd Ave, Spokane, WA 99201	$379,700	4/3	3,146	0.09

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.