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.
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