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2002 W 8th Ave
Spokane, WA 99204
Multifamily Property For Sale
·
5 Units


Investment Highlights
- 2 Garages for Additional Rental Income
- Potential to Add Additional Units
- On Site Laundry Facilities
- Rental Income of $5,615/Month
Executive Summary
4 - 1 Bed/1 Bath Units & 1 - 3 Bed/1 Bath Unit
Rental Income of $5,615/Month
2 Garages for Additional Rental Income
On Site Laundry Facilities
Potential to Add Additional Units
Recent Unit Updates & Architectural Charm
Great South Hill Location Close to 1-90
This property offers individuality, uniqueness, and character. Located in Spokane’s historically upscale Lower South Hill neighborhood, this area was originally developed 120 years ago as an affluent district filled with historic homes and mansions. These homes were built during a time when craftsmanship and quality materials were highly valued.
Thanks to the lasting quality of the surrounding residences and the convenient access to downtown, this property sits in one of Spokane’s most desirable residential areas. It benefits from easy access to both East–West freeway routes and North–South corridors like Maple and Monroe.
Major employers—including Deaconess Hospital, Sacred Heart Hospital, Fairchild Air Force Base, and Downtown Spokane—are just minutes away. The property is centrally located with convenient access to major roads.
We encourage you to explore the Spokane City Crime Map to see the neighborhood firsthand. This property has minimal deferred maintenance, and it remains attractive and well cared for—something tenants take pride in.
Leases include clear rules: no parties, no loud music, and no smoking. A team of full-time maintenance staff ensures that all repairs are addressed promptly and that the property remains in excellent condition.
Rental Income of $5,615/Month
2 Garages for Additional Rental Income
On Site Laundry Facilities
Potential to Add Additional Units
Recent Unit Updates & Architectural Charm
Great South Hill Location Close to 1-90
This property offers individuality, uniqueness, and character. Located in Spokane’s historically upscale Lower South Hill neighborhood, this area was originally developed 120 years ago as an affluent district filled with historic homes and mansions. These homes were built during a time when craftsmanship and quality materials were highly valued.
Thanks to the lasting quality of the surrounding residences and the convenient access to downtown, this property sits in one of Spokane’s most desirable residential areas. It benefits from easy access to both East–West freeway routes and North–South corridors like Maple and Monroe.
Major employers—including Deaconess Hospital, Sacred Heart Hospital, Fairchild Air Force Base, and Downtown Spokane—are just minutes away. The property is centrally located with convenient access to major roads.
We encourage you to explore the Spokane City Crime Map to see the neighborhood firsthand. This property has minimal deferred maintenance, and it remains attractive and well cared for—something tenants take pride in.
Leases include clear rules: no parties, no loud music, and no smoking. A team of full-time maintenance staff ensures that all repairs are addressed promptly and that the property remains in excellent condition.
Property Facts Under Contract
| Price Per Unit | $162,662 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 7.76% | Building Size | 4,296 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RMF | ||
| Price Per Unit | $162,662 CAD |
| Sale Type | Investment |
| Cap Rate | 7.76% |
| No. Units | 5 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,296 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | RMF |
Amenities
Unit Amenities
- Heating
- Kitchen
- Sprinkler System
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 3+1 | 1 | - | - |
Property Taxes
| Parcel Number | 25244.4803 | Improvements Assessment | $580,568 CAD |
| Land Assessment | $138,066 CAD | Total Assessment | $718,634 CAD |
Property Taxes
Parcel Number
25244.4803
Land Assessment
$138,066 CAD
Improvements Assessment
$580,568 CAD
Total Assessment
$718,634 CAD
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