1008 S Madison St
Spokane, WA 99204
- – beds
- – baths
- 4,836 sqft
- 6,250 sqft lot
- $141 per sqft
- 1951 build
- – on site
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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.
Last checked:
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Last updated Nov 15, 2024
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MLS# 202422830 —
The Building
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Year Built:1951
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Roof:Composition Shingle
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Architectural Style:Rancher
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Construction Materials:Brick Partial, Cedar
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Structure Type:One Story
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Basement:Full, Partially Finished, Daylight, Rec/Family Area, Laundry, Walk-Out Access
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Basement:true
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Building Area Total:4836
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# of Units Total:3
Interior
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Interior Features:Wood Floor, Natural Woodwork, Windows Wood
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Fireplace Features:Masonry, Woodburning Fireplce
Financial & Terms
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Listing Terms:VA Loan, Conventional, Cash
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Buyer Financing:Conventional
The Property
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Property Type:Residential Income
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Property Subtype:Rental
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Road Frontage Type:City Street
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Lot Features:Sprinkler - Automatic, Treed, Corner Lot, City Bus (w/in 6 blks)
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Lot Size SqFt:6,250 Sqft
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Lot Size Acres:0.14
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Parcel Number:351931401
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Living Area:4836
Listing Agent
- Contact info:
- Agent phone:
- (509) 954-9207
- Office phone:
- (509) 535-8400
The Listing
Heating & Cooling
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Heating:Gas Hot Air Furnace, Hot Water
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Fuel Expense:$4,440
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Cooling:Central Air
Utilities
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High Speed Internet:Yes
Appliances
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Appliances:Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
Schools
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Elementary School:Roosevelt
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High School:Lewis & Clark
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Elementary School District:Spokane Dist 81
The Community
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Association Amenities:Patio, High Speed Internet, Laundry
Parking
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Parking Total:1956
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Garage Spaces:3
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Parking Features:Detached, Garage Door Opener, Alley Access
The information being provided by Spokane Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.
©2024 Spokane Association of REALTORS All rights reserved.
Based on information submitted to the MLS GRID. 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.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/15/24
Nov 15, 2024
|
Sold | SARMLS | $685,000 | -2.1% |
|
10/15/24
Oct 15, 2024
|
Pending | SARMLS | $700,000 | |
|
10/4/24
Oct 4, 2024
|
Relisted | SARMLS | $700,000 |
