$725,000

8705 N Colton St, Spokane, WA 99218

Multi-Family Home
Built in 1981
9,148sqft lot
1 car garage
$——/sqft
Listed 1 month ago

Property Description

Exceptional investor or owner-occupant opportunity featuring a well-maintained fourplex in North Spokane within the desirable Mead School District. With strong rental history and quality updates throughout, this property offers excellent income potential and long-term value. Each unit features just under 1,000 SF with 2 bedrooms, 2 bathrooms, including a primary suite, plus LVP flooring, updated cabinetry, stainless steel appliances, updated vinyl windows, in-unit laundry, and individual A/C units. Residents also enjoy private balconies or porches, off-street parking, and detached garages for added convenience and income potential. Gross Monthly Income: $5,360. NOI: $51,453.83. Cap Rate: 7.1%. Potential to package 803 W Knox Ave and 1511-1517 W Euclid Ave for expanded investment opportunity.

Listing Status:: Active
Data Last Updated:: June 19, 2026 at 8:17PM
Listing Office:: LT Real Estate : 360-518-9381
Listing Agent:: Derek Raivio : 360-518-9381
MLS ID:: 202617285

Basement: None
A/C: Window Unit(s)
Heating: ElectricBaseboard

Parking: DetachedOff Site

Roofing: Composition
General: Two Story

Road/Access: City StreetPaved Road
HOA Amenities: None
Originating MLS: sarmls
School District: Mead
County: Spokane

Zoning: 36202.0711

Source: sarmls

This listing courtesy of Derek Raivio , LT Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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