2608 N Madelia Street Spokane, WA $ 430,000
2608 N Madelia Street
$ 430,000
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2608 N Madelia Street

Spokane, WA, 99207
$ 430,000
Bedrooms8 Baths2.0 Sq 3,456

Monthly Estimate*

$ 2,970

Listed by Peter Clark, The Paragon Group, 509-943-0400, peter@multifamilymason.com
2608 N Madelia Street, Spokane, WA 99207 - Image 1
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Multi-Family Home for sale in Spokane, WA

for $430,000 with 8 bedrooms and 2 full baths. This 3,456 square foot home was built in 1977 on a lot size of 0.1515.

Fantastic opportunity to own a spacious North Spokane duplex with approximately 1,700 SF per unit. This property offers the size, comfort, and functionality of a single-family home with the income potential of multifamily ownership. One unit has been recently updated and is currently vacant, creating an immediate opportunity for an owner-occupant to move in while continuing to generate rental income from the neighboring unit. The setup may also provide access to multiple owner-occupied financing options. For investors, the property offers an approachable entry point into the Spokane multifamily market with just two highly manageable units and potential for continued rent growth. Located in an established North Spokane neighborhood just blocks from a brand-new middle school and other recent area improvements, the property also provides convenient access to retail, services, employment centers, and major transportation corridors. An excellent opportunity for a first-time investor, portfolio expansion, or buyer looking to offset housing costs through rental income.

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Multi-Family Active

Price

$ 430,000

Bedrooms

8

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,494

Style

Duplex

Lot Size

0.1515

Year Built

1977

Town/City

Spokane

County/Region

Spokane

MLS | Web ID

2586041

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Furnace
Cooling Wall Unit(s)
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 1
Year Built 1977
Property Subtype Multi Family
Tax Year 2026
County Spokane
Net Operating Income 30253
Insurance Expense 670
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Spokane
Possible Use Residential
Special Listing Conditions None
Status Active
Directions Turn north on N Madelia St from E Illinois Ave and the property will be on the east side of the road
High School Buyer To Verify
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 6600
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA
Elementary School Buyer To Verify
Tax Annual Amount 3494
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Average
Public Remarks Fantastic opportunity to own a spacious North Spokane duplex with approximately 1 700 SF per unit. This property offers the size comfort and functionality of a single-family home with the income pot
Leasable Area 3400
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Units Below Grade true
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 7.03
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Exterior
Exterior Amenities Brick
Water Source Public
Total Parking 3
Foundation Details Poured Concrete
Building Area Total 3456
Lot Size Acres 0.1515
Waterfront Y/N N
Covered Spaces 1
Irrigation Water Rights Y/N N
Parking Uncovered Total 2
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Interior
Flooring Laminate 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 NWM2586041
Street Number 1 2608
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* Excluded Features
List By
Peter Clark

Listing Agent

The Paragon Group

Broker

peter@multifamilymason.com

Email

Affordability Calculator

$3,261
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,970
Monthly Property Taxes
$291
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4824855 Elementary School
4824856 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
9/22/2026$430,000 Listed Price

Map


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2608 N Madelia Street, Spokane, WA, 99207 is a Multi-Family Home for sale at $430,000 with 3,456 sqft and a lot size of 0.1515. 2608 N Madelia Street has 8 bedrooms, 2.0 baths, and was built in 1977. The property's zip code is 99207 which is in Spokane, WA