Description
This 21-unit complex at 2824 E Wabash Ave and 4822 N Nelson St in Spokane offers an excellent investment opportunity. Priced at $2.1M, it's well below market value, creating immediate equity potential. Comparable properties in the area have sold for $140,000$175,000 per unit, making this an attractive deal. The complex features updated units with modern flooring, appliances, and fresh paint, while still allowing room for further improvements. With Spokane's growing economy and rental demand, a new owner can enhance operations, raise rents, and increase NOI. This is a rare chance for significant upside in a thriving market.
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0BEDS
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0.48ACRES
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0BATHS
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01/2 BATHS
Listing information ©2025 Northwest MLS. Listing courtesy of Keller Williams Realty Bothell.
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Description
This 21-unit complex at 2824 E Wabash Ave and 4822 N Nelson St in Spokane offers an excellent investment opportunity. Priced at $2.1M, it's well below market value, creating immediate equity potential. Comparable properties in the area have sold for $140,000$175,000 per unit, making this an attractive deal. The complex features updated units with modern flooring, appliances, and fresh paint, while still allowing room for further improvements. With Spokane's growing economy and rental demand, a new owner can enhance operations, raise rents, and increase NOI. This is a rare chance for significant upside in a thriving market.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-04-27T00:16:16.863. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2025-04-27T00:16:16.863. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.