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520 E Wabash Ave , Spokane, WA 99207
$475,000
Est. Payment: $2,305.24/mo
8 Bed
4 Bath
3400 Sqft
Status: active | Days on site: 42
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

8.5% In-Place Cap Rate | $3,800/Month Rental Income | Low $500/Month Operating Expenses | Rare 8 Bed Duplex North Spokane duplex generating $3,800 per month in rental income with long-term tenants paying $1,900 per unit. Rarely do duplexes offer two oversized 4 bedroom, 2 bathroom units, creating strong tenant demand and long-term rental stability. With approximately $500 per month in operating expenses and a projected 9% cash-on-cash return, this property delivers strong returns from day one. Additional upside exists through cosmetic improvements, exterior updates, and future rent growth. Conveniently located near schools, shopping, services, and major Spokane corridors, this is a strong value-add opportunity with stable income and multiple paths to future appreciation.
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Highlights

Listed by Peter Clark , 509-943-0400 The Paragon Group , 509-943-0400. Northwest Multiple Listing Service

Property Type

Multi-Family
Lot/Acreage
0.12

Year Built

1976

County

Spokane

Area

561 - Spokane County

 Neighborhood

Spokane

 School District

Spokane

Listing ID

2520728

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:
Other:Community

Exterior Features

Lot:Zoning: Residential
Garage Capacity:3
Zoning:Residential
Roof:Composition
Others:Brick,Average
Sewer:Sewer Connected
Principal Interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$2,305
Taxes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$331

Home Price

$475,000

Home Price

Loan Details

30 yrs
6.11%

Interest Rate

Loan Type

Down Payment

20%
$95,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,305.24

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,305.24 $330.92 $0.00 $2,636.15
Yearly $27,662.82 $3,971.00 $0.00 $31,633.82
Total $829,884.70 $119,130.00 $0.00 $949,014.70
Lender profile image
Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Spokane, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Estimated Payment, Market Insight Calculations, School and Neighborhood Information provided by Blueroof360

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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Data last updated: 2026-06-28T09:27:12.000Z

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