1225 E 29th Ave, Spokane, WA 99203

• 4,560 sqft

Property Description

Turnkey 4-unit multifamily investment opportunity featuring two duplexes on separate parcels. Each of the four units offers a spacious 3-bedroom, 2-bath floor plan designed for strong tenant appeal and long-term rental demand. Recent capital improvements include new roofs on both residential buildings and all garages, plus new walkways, stairwells, and four private decks, reducing future maintenance costs while enhancing curb appeal and tenant enjoyment. 3 units are currently occupied by long-term tenants, providing immediate cash flow. Current rents are below market, offering investors a clear opportunity to increase income and improve returns over time. A standout feature is the assumable loan with a 5.5% interest rate fixed for 5 years and no assumption fee—a rare financing advantage in today's market. With stable occupancy, major upgrades, rental upside, and attractive financing, this property is an excellent opportunity for investors seeking strong cash flow and long-term growth potential!

Listing Status:

Active

Data Last Updated:

June 19, 2026 at 5:18PM

Listing Office:

Windermere Valley : (509) 216-2090

Listing Agent:

Trevor Windhorst : (509) 216-2090

MLS ID:

202619013

Interior

• Rooms: Utility Room
• Appliances: Free-Standing RangeDishwasherRefrigeratorDisposalMicrowaveWasherDryer
• Basement: FullFinishedDaylightRec/Family AreaWalk-Out AccessSlab
• Heating: ElectricDuctlessZoned
• Fireplace: MasonryWoodburning Fireplce

Exterior

• Style: Contemporary
• Parking: DetachedOff SiteShared DrivewayAssigned

Construction

• Roofing: Composition
• Windows: Aluminum FramesMulti-Pane Windows
• General: Duplex

Location

• Road/Access: City StreetPaved Road
• HOA Amenities: Play Area
• Originating MLS: sarmls
• School District: Spokane Dist 81
• County: Spokane

Lot

• Zoning: 35294.2716
• View: Territorial

Utilities

• Utilities: Cable Available

Financial

• Source: sarmls