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    1619 N Madison St Spokane, WA 99205

    For Sale
    $600,000

    COMMERCIAL - Spokane, WA

    Lot size:
    0.14 Acres
    Days on Market:
    49
    Last Refresh:
    Dec 7 at 7:06 am

    Property Features for 1619 N Madison St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    35073.4506
    Basement
    Partially Finished, Full
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Radiant, Radiant Floor, Baseboard, Electric (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1914
    Floors in Building
    3
    Building materials
    Brick
    Roof type
    Composition

    Kelly Right Real Estate of CDA (509) 489-7000 [email protected]

    Listing agent Chris Pitts (509) 240-9001

    Listing date Oct 20, 2025

    Copyright © 2025 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spokane Multifamily Investment Opportunity

    This well-maintained 5-unit multi-family property presents an investment opportunity. Located at 1619 N Madison in Spokane, WA, the property is situated in a desirable neighborhood with convenient access to downtown Spokane, public transit, and local amenities. The apartments are spacious and offer steady rental income potential. Each unit features updated interiors and ample natural light. On-site parking is available. The property, situated on a 0.14-acre lot, is suitable for investors or owner-occupants seeking a versatile property with strong cash flow potential. The owner is open to carrying the contract at 5% with a 25% down payment. This property is located in a thriving rental market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Dental Office Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.428475
    Latitude
    47.672894

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 5-unit property in a desirable Spokane neighborhood.
    Where is this apartment building located?
    The property is located at 1619 N Madison St Spokane, WA.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Strong cash flow potential from 5-unit multi-family property.; - Owner financing available at 5% with 25% down payment.; - Desirable location with easy access to downtown Spokane, public transit, and local amenities.
    (509) 240-9001
    Request Owner's contact information
    1619 N Madison St Spokane, WA 99205
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    Spokane, WA 99205
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1619 N Madison St Spokane, WA 99205
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