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Carly Sweet

Engel & Völkers Western Frontier

carly.sweet@engelvoelkers.com +1(208) 786-0810

Listed by Rich King • Keller Williams Spokane - Main

$ 325,000

Est. payment -/mo

Save

Active

864 S Sherman St #876 S Sherman St Spokane, WA 99202

1,050 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Rental

Listing Status Active

Purchase Type For Sale

Square Footage 1,050 sqft

Price per Sqft $309

MLS Listing ID 202527958

Style Ranch

Year Built 1930

Annual Tax Amount $2,843

Lot Size 6,969 Sqft

Lot Dimensions 0.16

Property Sub-Type Rental

Property Description

ATTENTION INVESTORS: DUPLEX NEAR HOSPITALS AND PERRY DISTRICT. Start with or add this cash flowing rental property to your portfolio. Both units are 1BR/1BA with 525 sqft (1,050 sqft total). Both in good condition. Almost 100% occupied since Dec 2021. Solid tenants. Rents are currently $900 & $1,020 per month. Tenants pay Water/Sewer/Garbage. 2025 Gross Operating Income was $24,370.78; Total Operating Expenses were $4,281.91; Net Operating Income was $20,088.87, which at the current list price puts the Cap Rate at 6.181%.

Location

State WA

County Spokane

Rooms

Basement None

Interior

Interior Features Windows Vinyl

Heating Natural Gas, Forced Air

Appliance Free-Standing Range, Refrigerator, Microwave

Exterior

Parking Features Off Site

Amenities Available None

View Y/N true

Roof Type Composition

Building

Lot Description Treed, Level, Corner Lot, City Bus (w/in 6 blks), Oversized Lot, Fencing

Story 1

Architectural Style Ranch

Structure Type Masonite

Schools

Elementary Schools Roosevelt

Middle Schools Sacajawea

High Schools Lewis & Clark

School District Spokane Dist 81

Others

Acceptable Financing FHA, VA Loan, Conventional, Cash

Listing Terms FHA, VA Loan, Conventional, Cash

SCHOOLSPROPERTIES

Elementary Schools 20

9

Wilson Elementary

Public | PK - 6
9

Hamblen Elementary

Public | PK - 6
8

Jefferson Elementary

Public | PK - 6
8

Hutton Elementary

Public | PK - 6
8

Libby Center

Public | 3 - 12
7

Franklin Elementary

Public | PK - 6
7

Adams Elementary

Public | PK - 6
7

Cooper Elementary

Public | PK - 6
6

Roosevelt Elementary

Public | PK - 6
6

Lincoln Heights Elementary

Public | PK - 6
5

Garfield Elementary

Public | PK - 6
5

Longfellow Elementary

Public | PK - 6
5

Bemiss Elementary

Public | PK - 6
4

Audubon Elementary

Public | PK - 6
4

Logan Elementary

Public | PK - 6
4

Grant Elementary

Public | PK - 6
3

Stevens Elementary

Public | PK - 6
0

Bryant Center

Public | PK - 12
0

First Presbyterian Christian School

Private | PK - 4
0

Alternative Bancroft School

Public | 3 - 12

Middle Schools 3

8

Sacajawea Middle School

Public | 7 - 8
0

Structural Alternative Confinement School

Public | 8 - 12
0

Daybreak Alternative School

Public | 8 - 12

High Schools 7

7

North Central High School

Public | 9 - 12
6

Ferris High School

Public | 9 - 12
5

Lewis and Clark High School

Public | 9 - 12
0

The Community School

Public | 9 - 12
0

A-3 Multiagency Adolescent Program

Public | 9 - 12
0

Gonzaga Preparatory School

Private | 9 - 12
0

Sccp Images

Public | 12 - 12

School and business data provided by Attom Data.

Carly Sweet

Designated Broker | License ID: DB55284 | 23010100

+1(208) 786-0810

Carly Sweet

864 S Sherman St #876 S Sherman St Spokane, WA 99202

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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864 S Sherman St #876 S Sherman St