BEDS2
BATHS1
SQUARE FEET3,136
MLS#202619873
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSpokane Dist 81
Property Description
Investor opportunity with immediate upside potential. This fourplex features four spacious 2 bed, 1 bath units, each offering approximately 784 square feet of living space. Currently 50% occupied, the property presents a value-add opportunity through lease-up and rent stabilization, making it an attractive option for investors seeking increased cash flow and long-term appreciation. Existing rents range from $1,045 to $1,097 per month, with potential to bring rents in line with current market rates. Recent maintenance and turnover improvements position the next owner to capitalize on increased occupancy and operational efficiency. Conveniently located near downtown Spokane, major employers, public transportation, shopping, dining, and everyday amenities. Ideal for investors looking to expand their portfolio or complete a 1031 exchange while adding a property with strong income potential and room for growth.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Roof Type: Composition
Stories: 2.0
Taxes: $5,381
Year Built: 1972
Feature Descriptions
Association Amenities: Laundry
Days on Site: 21
Exterior: Wood Siding
Heating/Cooling: Electric, Baseboard, Hot Water
Lot: Sprinkler - Automatic, Treed, Corner Lot
Parcel#: 35162.3112
Parking: Carport, Alley Access
Parking Space(s): 4
Special View Info: City, Territorial
SQ. FT. Total: 3136
Local Schools
High School: North Central
Middle School: Yasuhara
Elementary School: Stevens
School District: Spokane Dist 81
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Tomlinson
Shown By
Agent Name: Steve Ranniger
Agent Phone: (509) 499-0662
Estimate Your Payment
Estimated Payment
$ 1,782.30 per month $1,179.33 Principal & Interest $448.42 Property Tax $154.55 Homeowner's InsuranceChange Payment Information
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1703 E Cataldo Ave | MLS# 202619873
This multi-family property located at 1703 E Cataldo Ave, Spokane, WA 99202 is currently listed for sale by Coldwell Banker Tomlinson, with an asking price of $529,900. E Cataldo Ave is located within the Spokane Dist 81 school district. Search Spokane real estate on sranniger.cbspokane.com today.