2516 N Nevada St, Spokane, WA 99207

$988,500

bedrooms

bathrooms

square feet

5,850

Acreage

0.46

Open Houses

year built

1937

Full Baths

Half Baths

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INVESTORS should be interested in this 9-UNIT INCOME PROPERTY. Location is everything and this property is one mile or less from Gonzaga University, grocery stores, restaurants, pubs, parks, Centennial Trail, and more. This property consists of three side-by-side buildings, each with 3 units; and each with two 2 bedrooms and 1 bathroom and one 1 bedroom and 1 bathroom configurations. Each unit has its own unique floor plan. Most units have been refreshed with the changeover of tenants. There are three 3-car carports with newer roofs. And in March 2025 all three buildings’ exteriors were refurbished and painted including adding a no-slip surface applied on the painted stairs. All 9 units are occupied. Monthly Gross Rents are $10,215. Owner pays Electricity & Gas ($199/mo); Water, Sewer & Garbage ($707/mo). New property management as of 1/1/25 have had a very positive impact on this property’s operations and profitability. These three buildings may also be sold individually for $333,000 each.

Location
Subdivision	-
County	Spokane
Elementary School	Logan
Middle School	Yasuhara
High School	North Central

Driving directions

Open houses

None scheduled.

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MLS number: 202514751

Listing agent: Rich King #128097

Listing broker: Keller Williams Realty Spokane (509) 458-4000

Copyright © 2025 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Thursday, April 10 2025 at 6:11 p.m. EDT

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