520 E Wabash Avenue Spokane, WA $ 475,000
520 E Wabash Avenue
$ 475,000
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520 E Wabash Avenue

Spokane, WA, 99207
$ 475,000
Bedrooms8 Baths4.0 Sq 3,400

Monthly Estimate*

$ 2,999

Listed by The Paragon Group
520 E Wabash Avenue, Spokane, WA 99207 - Image 1
520 E Wabash Avenue, Spokane, WA 99207 - Image 2
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520 E Wabash Avenue, Spokane, WA 99207 - Image 7
520 E Wabash Avenue, Spokane, WA 99207 - Image 8
520 E Wabash Avenue, Spokane, WA 99207 - Image 9
520 E Wabash Avenue, Spokane, WA 99207 - Image 10
520 E Wabash Avenue, Spokane, WA 99207 - Image 11
520 E Wabash Avenue, Spokane, WA 99207 - Image 12
520 E Wabash Avenue, Spokane, WA 99207 - Image 13

Multi-Family Home for sale in Spokane, WA

for $475,000 with 8 bedrooms and 4 full baths. This 3,400 square foot home was built in 1976 on a lot size of 0.12.

8.5% In-Place Cap Rate | $3,800/Month Rental Income | Low $500/Month Operating Expenses | Rare 8 Bed Duplex North Spokane duplex generating $3,800 per month in rental income with long-term tenants paying $1,900 per unit. Rarely do duplexes offer two oversized 4 bedroom, 2 bathroom units, creating strong tenant demand and long-term rental stability. With approximately $500 per month in operating expenses and a projected 9% cash-on-cash return, this property delivers strong returns from day one. Additional upside exists through cosmetic improvements, exterior updates, and future rent growth. Conveniently located near schools, shopping, services, and major Spokane corridors, this is a strong value-add opportunity with stable income and multiple paths to future appreciation.

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Multi-Family Active

Price

$ 475,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,971

Style

Duplex

Lot Size

0.12

Year Built

1976

Town/City

Spokane

County/Region

Spokane

MLS | Web ID

2520728

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1976
Property Subtype Multi Family
Tax Year 2026
Building Name West Kentwood Addition
County Spokane
Net Operating Income 40169
Insurance Expense 690
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Spokane
Possible Use Residential
Special Listing Conditions None
Status Active
Directions Turn north from E Wellesley Ave. Turn east on E Wabash Ave and the duplex is on the south side of the road.
High School Rogers High
City Spokane
Senior Community Y/N N
High School District Spokane
Zoning Description Residential
Number Of Units Total 2
MLS Area 561 - Spokane County
Lot Size Units Square Feet
Lot Size Square Feet 5227
Carport Spaces 3
Carport Y/N N
Listing Terms Conventional FHA VA Loan
Elementary School Lidgerwood Elem
Tax Annual Amount 3971
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Garry Mid
Property Condition Average
Public Remarks 8.5% In-Place Cap Rate $3 800/Month Rental Income Low $500/Month Operating Expenses Rare 8 Bed Duplex North Spokane duplex generating $3 800 per month in rental income with long-term tenants
Leasable Area 3400
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Basement
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 8.03
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Exterior
Exterior Amenities Brick
Water Source Community
Total Parking 3
Foundation Details Poured Concrete
Building Area Total 3400
Lot Size Acres 0.12
Waterfront Y/N N
Covered Spaces 3
Irrigation Water Rights Y/N N
Parking Uncovered Total 0
Lot Number 9
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Interior
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
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 NWM2520728
Street Number 1 520
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* Excluded Features
List By
Peter Clark

Listing Agent

The Paragon Group

Broker

Affordability Calculator

$3,330
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,999
Monthly Property Taxes
$331
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
5466460 Elementary School
5466461 Middle School
Rogers High High School
Pricing History
DatePricePrice ChangeDescription
6/15/2026$475,000 -5.00% Price Down
5/8/2026$500,000 Listed Price

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520 E Wabash Avenue, Spokane, WA, 99207 is a Multi-Family Home for sale at $475,000 with 3,400 sqft and a lot size of 0.12. 520 E Wabash Avenue has 8 bedrooms, 4.0 baths, and was built in 1976. The property's zip code is 99207 which is in Spokane, WA