407 1st Avenue Ritzville, WA $ 469,000
407 1st Avenue
$ 469,000
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407 1st Avenue

Ritzville, WA, 99169
$ 469,000
Baths0.0 Sq 4,004

Monthly Estimate*

$ 2,926

Listed by Windermere RE K-2 Realty
407 1st Avenue, Ritzville, WA 99169 - Image 1
407 1st Avenue, Ritzville, WA 99169 - Image 2
407 1st Avenue, Ritzville, WA 99169 - Image 3
407 1st Avenue, Ritzville, WA 99169 - Image 4
407 1st Avenue, Ritzville, WA 99169 - Image 5
407 1st Avenue, Ritzville, WA 99169 - Image 6
407 1st Avenue, Ritzville, WA 99169 - Image 7
407 1st Avenue, Ritzville, WA 99169 - Image 8
Studio

Multi-Family Home for sale in Ritzville, WA

for $469,000. This 4,004 square foot home was built in 1950 on a lot size of 0.2296.

Investment opportunity in the bustling town of Ritzville! Motel built in 1950 has been mostly remodeled with 8 studio apartments, one 1-bedroom unit with a full kitchen, two 2-bedroom units with a full kitchen, and a remodeled office space. New exterior paint, a coin-op laundry room was added and a brand new roof was installed in 2025. Each studio unit has it's own bathroom, a hot plate, microwave, and a small fridge. There are two studio units that need to be remodeled with the potential for 11 total units of income.

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Multi-Family Active

Price

$ 469,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,465

Style

10+ Units

Lot Size

0.2296

Year Built

1950

Town/City

Ritzville

County/Region

Adams

MLS | Web ID

2461556

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Wall Unit(s)
Cooling Wall Unit(s) Window Unit(s)
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1950
Property Subtype Multi Family
Tax Year 2025
County Adams
Net Operating Income 57508
Insurance Expense 5885.88
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Ritzville
Possible Use Commercial Multi-Family
Special Listing Conditions None
Status Active
Directions From Moses Lake and Interstate-WA 90 take Exit 220 turn left on First Ave towards downtown Ritzville property is on the right.
City Ritzville
Senior Community Y/N N
High School District Ritzville
Zoning Description Commercial Multi-Family
Open Parking Spaces 0
Number Of Units Total 1
MLS Area 381 - Adams County
Lot Size Units Square Feet
Lot Size Square Feet 10000
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 3465
Electric Expense 8079.12
Fuel Expense 0
Property Condition Fair
Public Remarks Investment opportunity in the bustling town of Ritzville! Motel built in 1950 has been mostly remodeled with 8 studio apartments one 1-bedroom unit with a full kitchen two 2-bedroom units with a full
Leasable Area 4004
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Water Company City of Ritzville
Units Below Grade false
Water Sewer Garbage 4143.84
Property Style 56 - 10+ Units
Cap Rate 9.37
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Exterior
Exterior Amenities Metal/Vinyl Wood
Water Source Public
Total Parking 12
Foundation Details Concrete Ribbon
Building Area Total 4004
Lot Size Acres 0.2296
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 0
Lot Number 1&2
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Interior
Flooring Laminate Vinyl Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2461556
Street Number 1 407
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* Excluded Features
List By
Jay P. Kincaid

Listing Agent

Windermere Re K-2 Realty

Broker

Affordability Calculator

$3,215
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,926
Monthly Property Taxes
$289
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4141962 Elementary School
4141961 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/17/2025$469,000 Listed Price

Map


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407 1st Avenue, Ritzville, WA, 99169 is a Multi-Family Home for sale at $469,000 with 4,004 sqft and a lot size of 0.2296. 407 1st Avenue is a studio with 0.0 baths and was built in 1950. The property's zip code is 99169 which is in Ritzville, WA