1908 West 3rd Avenue

Spokane, WA 99201

$320,000
Price
4
Beds
3
Baths
1,278 Sq. Ft.
$250 / Sq. Ft.
1,278
Sq. Ft.
$250
per Sq. Ft.

Description

Well-maintained, value-add triplex in Spokane's highly desired Brownes Addition neighborhood. With immediate opportunity to push rents combined with the opportunity to be purchased with residential financing, buyers will be well positioned for lucrative returns. Ownership has put ample capital improvements into the property since acquiring the building, including a new roof in 2020.Well-maintained, value-add triplex in Spokane's highly desired Brownes Addition neighborhood. With immediate opportunity to push rents combined with the opportunity to be purchased with residential financing, buyers will be well positioned for lucrative returns. Ownership has put ample capital improvements into the property since acquiring the building, including a new roof in 2020.
  1. Listed by Max Frame • Kidder Mathews

Property Details for 1908 West 3rd Avenue

Community Name
Spokane
School District
Spokane
Number of Assigned Spaces
2
Total Covered Parking
2
Entry Date
08-08-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 11/13/2024 10:58 AM

Property Details for 1908 West 3rd Avenue

StatusActive
MLS #2275416
Days on Market101
Cumulative Days on Market101
Taxes$2,728 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1887
Lot Size0.09 AC / 3,828 SF
CountySpokane County

Building Information for 1908 West 3rd Avenue

Stories2Residences3Year Built1887Building Size-Lot Size0.09 AC / 3,828 SF

Property Information for 1908 West 3rd Avenue

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Area: 561 - Spokane County
  • Effective Year Built Source: Public Records
  • Directions: 1908 W 3rd Ave, Spokane, WA
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
  • Additional Tax Ids: 25241.2111
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 4
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl Plank
  • Amenities: Storage
  • Cooling: Yes
  • Cooling: Window Unit A/C
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: See Remarks
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 1476
  • Power Company: Avista
  • Sewer Company: City of Spokane
  • Water Company: City of Spokane
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: See Remarks
  • Zoning Class: Commercial
  • First Right Of Refusal: false
  • Possible Use: Commercial
  • MLS Square Footage Source: County Assessor
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1887
  • Photos Count: 7
Lot Information
  • Lot Details: Paved
  • Lot Size Dimensions: 3828
  • Lot Size Source: County Assessor
  • Parcel Number Free Text: 25241.2111
  • Building Condition: Good
  • Calculated Square Footage: 1278
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1278.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 2
  • Vacancy Rate: 2
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $1,476
  • Total Expenses: 17102
  • Gross Adjusted Income: 35268
  • Gross Rent Multiplier: 8.89
  • Gross Scheduled Income: $35,988
  • Insurance Expense: $1,800
  • Net Operating Income: $18,166
  • Other Expenses: $8,146
  • Total Monthly Income: 2099
  • Fuel Expense: $1,476
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 315
  • Rent Unit 1: $.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 396
  • Rent Unit 2: $1,000.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 447
  • Rent Unit 3: $1,099.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Rental
Rent Information
  • Occupant Type: Owner
  • Leasable Area: 1158.0
  • Leasable Area Units: Square Feet

Property History for 1908 West 3rd Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1908 West 3rd Avenue

Taxable ValueLand$57,420Additions$203,900Total$261,320
Tax Record2023$2,560 ($213 / month)
Home Facts
Baths3Total Finished SqFt1,908 SqFtAbove Grade Finished SqFt1,908 SqFtStories2Lot Size3,828 SqFtStyleTriplexYear Built1887CountySPOKANEAPN25241.2111

Schools near 1908 West 3rd Avenue

This home is within Spokane School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Roosevelt Elementary School
PublicPK to 6

Sacajawea Middle School
Public7 to 8

Lewis & Clark High School
Public9 to 12

Bryant Center
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1908 West 3rd Avenue is a multi-family home for sale in Spokane, WA 99201. This property was listed for sale on August 8, 2024 by Kidder Mathews, it's currently listed at $320,000. It has been on the market for a total of 101 days and was last sold on December 28, 2017. This listing's school district is Spokane School District. Nearby schools include Roosevelt Elementary School, Sacajawea Middle School and Lewis & Clark High School. 1908 West 3rd Avenue is a 4-bed, 3-bath, 1,278 sqft multi-family home built in 1887.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews

The information is being provided by Coeur d’Alene Multiple Listing Service and Spokane Association of REALTORS. Information deemed reliable but not guaranteed. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Coeur d’Alene Multiple Listing Service and Spokane Association of REALTORS. All Rights Reserved.