2516 N Nevada St
Spokane, WA 99207
- – beds
- – baths
- 5,850 sqft
- ~1/2 acre lot
- $168 per sqft
- 1937 build
- – on site
INVESTORS should be interested in this 9-UNIT INCOME PROPERTY. Location is everything and this property is one mile or less from Gonzaga University, grocery stores, restaurants, pubs, parks, Centennial Trail, and more. This property consists of three side-by-side buildings, each with 3 units; and each with two 2 bedrooms and 1 bathroom and one 1 bedroom and 1 bathroom configurations. Each unit has its own unique floor plan. Most units have been refreshed with the changeover of tenants. There are three 3-car carports with newer roofs. And in March 2025 all three buildings’ exteriors were refurbished and painted including adding a no-slip surface applied on the painted stairs. All 9 units are occupied. Monthly Gross Rents are $10,215. Owner pays Electricity & Gas ($199/mo); Water, Sewer & Garbage ($707/mo). New property management as of 1/1/25 have had a very positive impact on this property’s operations and profitability. These three buildings may also be sold individually for $333,000 each.
Last checked:
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Last updated Apr 11, 2025
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MLS# 202514751 —
The Building
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Year Built:1937
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Construction Materials:Wood
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Architectural Style:Contemporary
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Structure Type:Two Story
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Stories:2
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Roof:Composition Shingle
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Basement:Partial
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Basement:true
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Building Area Total:5850
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# of Units Total:9
Interior
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Interior Features:Windows Vinyl, Multi Pn Wn
Financial & Terms
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Listing Terms:Conventional, Cash
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, Paved Road
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Lot Features:Sprinkler - Automatic, Level, Corner Lot, Oversized Lot
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Lot Size SqFt:19,800 Sqft
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Lot Size Acres:0.46
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Lot Size Width:150
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Lot Size Length:132
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Parcel Number:35081.4314
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Additional Parcels:true
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Additional Parcels Description:35081.4315 / 35081.4316
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Living Area:5850
Listing Agent
- Contact info:
- Agent phone:
- (509) 703-8187
- Office phone:
- 1(509) 458-4000
Taxes
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Tax Annual Amount:$9,344
The Listing
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Virtual Tour URL:
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Virtual Tour URL:
Heating & Cooling
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Heating:Electric, Baseboard
Appliances
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Appliances:Free-Standing Range, Dishwasher, Refrigerator
Schools
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Elementary School:Logan
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Elementary School District:Spokane Dist 81
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High School:North Central
The Community
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Association Amenities:Laundry
Parking
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Parking Total:9
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Parking Features:Carport, Off Site
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.
©2025 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 |
|---|---|---|---|---|
|
4/10/25
Apr 10, 2025
|
Listed / Active | SARMLS | $988,500 | 30.1% (5.1% / YR) |
|
5/23/19
May 23, 2019
|
SARMLS | $760,000 |
