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520 E Wabash Ave, Spokane, WA 99207

  • $500,000

  • bed

  • bath

  • 3,400

    Sqft ($147/Sqft)

House for sale 6 days
Movoto is helping 15 homebuyers near you

About 520 E Wabash Ave

Property type House
Neighborhood
Year built 1976
HOA fee $0/month
Lot size 5,227 Sqft
Movoto estimate
Property description
Fantastic North Spokane duplex investment opportunity with stable in-place rental income from long-term tenants already in place. This property offers immediate cash flow with manageable value-add potential through exterior updates, cosmetic improvements, and future rent growth over time. Located in an established residential pocket with convenient access to schools, services, amenities, and major Spokane corridors, the property is well positioned to attract steady tenant demand. Duplexes remain one of the most versatile residential investment assets, appealing to investors, owner-occupants, house hackers, and 1031 exchange buyers. With multiple exit strategies, strong rental fundamentals, and room to enhance curb appeal and long-term value, this is a practical and approachable opportunity in the North Spokane market.
Listed by
Listing Agent - Peter Clark
Listing Office - The Paragon Group
Source: NWMLS mls logo
MLS#2520728 • last updated 6 days ago
Movoto checked NWMLS for data 34 minutes ago
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Overview
Cooling/AC None
Heating Baseboard
Levels/Style Duplex
MLS # 2520728
SubType Multi Family
Type Residential Income
SqFt 3400
Status Active
Lot Size (SqFt) 5227
Lot Size (Acres) 0.12
Property Tax 3971
Year Built 1976
Condition Average
Exterior
Foundation Poured Concrete
Roof Composition
Construction Brick
# Covered Spaces 3
# Carport Spaces 3
# Parking Spaces 3
Exterior Features Brick
Amenities / Utilities
Sewer/ Septic Sewer Connected
Water Community
Power Production: Type Electric
HOA Amenities Basement
Location
County Spokane
Subdivision Spokane
Area 561 - Spokane County
Elementary School Lidgerwood Elem
Middle School Garry Mid
High School District Spokane
High School Rogers High
APN 36323.1607
Zoning Residential
Directions Turn North From E Wellesley Ave. Turn East On E Wabash Ave And The Duplex Is On The South Side Of The Road.
Multifamily Details
Net Operating Income 40169
Capitalization Rate 8.03
Expense: Insurance 690
Gross Scheduled Income 51000
Expense: Other 2894
Gross Adjusted Income 47124
Total Expenses 7555
Gross Rent Multiplier 9.92
Nwm_Totalmonthlyincome 3800
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Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • WA
  • Spokane County
  • Spokane
  • 99207
  • Nevada Heights
  • 520 E Wabash Ave

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