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1225 E 29th Ave
Spokane, WA 99203-3219

Spokane Area Rental

  • 4,560 Sqft
  • 0.32 Acre

$1,250,000

3 Weeks on market

MLS# 202619013

Listing courtesy of Spokane Association of REALTORS MLS as distributed by MLS GRID.

Turnkey 4-unit multifamily investment opportunity featuring two duplexes on separate parcels. Each of the four units offers a spacious 3-bedroom, 2-bath floor plan designed for strong tenant appeal and long-term rental demand. Recent capital improvements include new roofs on both residential buildings and all garages, plus new walkways, stairwells, and four private decks, reducing future maintenance costs while enhancing curb appeal and tenant enjoyment. 3 units are currently occupied by long-term tenants, providing immediate cash flow. Current rents are below market, offering investors a clear opportunity to increase income and improve returns over time. A standout feature is the assumable loan with a 5.5% interest rate fixed for 5 years and no assumption fee—a rare financing advantage in today's market. With stable occupancy, major upgrades, rental upside, and attractive financing, this property is an excellent opportunity for investors seeking strong cash flow and long-term growth potential!

SqFt: 4,560
County: Spokane
Year Built: 1977
Basement
  • Full
  • Finished
  • Daylight
  • Rec/Family Area
  • Walk-Out Access
  • Slab
Kitchen / Appliances
  • Free-Standing Range
  • Dishwasher
  • Refrigerator
  • Disposal
  • Microwave
  • Washer
  • Dryer
Garage / Parking
  • Detached
  • Off Site
  • Shared Driveway
  • Assigned
Fireplace
  • Masonry
  • Woodburning Fireplce
Heating / Cooling
  • Electric
  • Ductless
  • Zoned
Lot / Information
  • Fenced Yard
  • Treed
  • City Bus (w/in 6 blks)
Features
  • Breakers
  • 200 AMP
Roof
  • Composition

Office Details
Windermere Valley  —  (509) 928-1991

Broker Reciprocity MLS Disclaimer: Copyright of the Spokane Association of REALTORS MLS. All rights reserved. Listing information deemed reliable but not guaranteed.

IDX listing information is provided exclusively for consumers’ personal, noncommercial use. All other uses are strictly prohibited. The listing information displayed herein is based on information submitted to the MLS GRID as of 6/17/2026, 12:22 AM. 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.