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Sold on 10/01/2017

2924 E Broad Ave, Spokane, WA 99217

  • $417,000

    Last sold 10/01/2017 for $130K

  • —

    bed

  • —

    bath

  • 2,353

    Sqft ($55/Sqft)

Multi-family not for sale
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About 2924 E Broad Ave

Property type Multi-family
Neighborhood
Year built 1948
HOA fee $0/month
Lot size 6,534 Sqft
Movoto estimate
Rental estimate
Property description
Looking for Cash Flow?This 4 plex brings in $1690 in rent and is fully occupied. We calculate a 7.6% cap rate and 10% Cash on Cash return. This building features 4 units, 1 two bedroom and 3 one bedroom units. The units have had various updates done over the years and have upside in rents if just a few more updates were done. The big ticket items such as roof, siding and windows, heat systems are in good condition. 3 out of the 4 units are in a lease, and the other unit is going month to month.
Listed by
Listing Agent - Jeff Hornberger
Listing Agent Contact: Jeffhornberger@live.com
Listing Office - Homeland Realty Group, LLC
Source: SAR MLS mls logo
MLS#201723521 • last updated 1 year ago
Movoto checked SAR MLS for data 1 hour ago
Overview
Heating Gas Hot Air Furnace, Electric, Forced Air, Baseboard
Levels/Style 2, Traditional
Living Area 2353
Type Residential Income
Lot Size (Acres) 0.15
Year Built 1948
Interior
Basement Full, Finished
Appliances Free-Standing Range, Refrigerator
Exterior
Construction Hardboard Siding
Roof Composition Shingle
Parking Desc None
Lot Desc Level
Location
View Territorial
County Spokane
Elem School District Spokane Dist 81
Multifamily Details
Total # Of Units 4
Expense: Water/ Sewer 3900
Lot/ Land Details
Road Frontage City Street, Paved Road
$417K
Range: $354K-$479K
Last 30 days 
Rental est.: $1,224/month
Gross rent multiplier: 8.9 - Good
  • Nov 2017
    mls logo MLS # 201723521
  • Nov 15, 2017 Sold
    $127,500 (-1.9%)
  • Aug 25, 2017 Listed
    $130,000 (+18.2%)
  • Jul 2007
    mls logo MLS # 27019872
  • Jul 18, 2007 Sold
    —
  • May 14, 2007 Listed
    $110,000
  • 2924 E Broad Ave
    $130K
  • Hillyard
    $300K -5% y/y
  • 99217
    $489K +10% y/y
  • Spokane
    $449K -5% y/y
No chart available
Statistics calculated by Movoto

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4/10
Regal Elementary School
public Grades PK, K-5
Spokane School District
2/10
Shaw Middle School
public Grades 6-8
Spokane School District
4/10
Rogers High School
public Grades 9-12
Spokane School District
Source: GreatSchools.org © 2026. All rights reserved.

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