917 E Providence Ave

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917 E Providence Ave

Spokane, WA 99207
Asking Price
$680K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Spokane, Washington.
  • Property features two units with three bedrooms each.
  • Each residential unit includes three full bathrooms.
  • The asking price for this asset is $679,500.
  • The building is situated at 917 E Providence Ave.

What's Special

This multifamily apartment building provides two residential units, each configured with three bedrooms and three bathrooms. Situated at 917 E Providence Ave in Spokane, Washington, the property is positioned within a growing Pacific Northwest market known for its steady regional economy and expanding residential population. The layout of these units makes them well-suited for professional tenants or small families seeking accessible housing near major local thoroughfares. Spokane continues to see consistent demand for quality multi-unit residential housing, supported by the city's diverse employment base and educational institutions. Investors can leverage this configuration for long-term rental income or potential hold strategies in a submarket where housing supply remains a key focus for local development. The property offers a straightforward residential investment opportunity for those looking to expand their multifamily portfolio in an established urban neighborhood.

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NOI
$80,000
Cap Rate
11.77%
DSCR
1.98
Strong
Cash-on-Cash
19.45%
Monthly Payment
$3,361.795
Annual Cash Flow
$39,658.457

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