Sold

1008 S Madison St

Spokane WA, 99204

$685,000


$141.65 per sqft

Sold

4,836 sqft

Residential

Built in 1951

Rare opportunity! This Triplex was built with owner occupant in mind. Located in a very desirable location, making it a perfect opportunity for an owner occupant investor, or rent all 3 for a great return on investment. The unique layout and design gives you a spacious, 3 bed 1 bath unit with large family room in basement with its own laundry. Unit 2 is a 3 bed 1 bath with long term happy tenants. Both of the main floor units have hardwood floors and gas radiant heat with central AC. In addition, they have their own garage with openers. Unit 3 is a one bedroom 1 bath with long term tenants. with cap rate of 5.7% return. There is a 4th unit potential with its own entrance to add to your already great income. It has been used as a VRBO rental as is. Needs kitchen and permanent heat source as well as some insulation and sheet rock to the ceiling for sound proofing. Could produce another $1200 a month. Occupied units can be shown after mutual acceptance. Convenient central location close to all amenities.

202422830

MLS ID

September 12, 2024

Listed

November 22, 2024

Updated

Map

1008 S Madison St
Spokane WA, 99204

Interior Features

Interior Features

Natural Woodwork


Appliances

Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer


Laundry Description

In Basement


Floor Description

Wood


Fireplace

Yes


Fireplace Description

Wood Burning, Masonry


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Hot Water

Exterior/Building Features

Lot Size

0.14 Acres


Lot Features

Wooded, Corner Lot


Architectual Style

Rancher


Roof

Composition

School Information

School District

Spokane Dist 81


High School

Lewis & Clark


Elementary School

Roosevelt

Other Property Details

Days on Market

22


Association Amenities

Laundry


Garage

Yes


Garage Spaces

3


Parking

Detached, Garage Door Opener, Alley Access


Parking Total

1956


View

No


County

Spokane


Pool

No

Listing History

Date

Event

Price

11/15/2024

Sold

$685,000

10/16/2024

Pending

10/4/2024

Active

9/23/2024

Pending

Courtesy of EXIT Real Estate Professionals

The data relating to real estate for sale on this web site comes in part from the WA - Spokane Association of REALTORS (SAR). Real estate listings held by brokerage firms other than Tanya Starkel are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Tanya Starkel shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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