Renovated Quadplex with Hot
For Sale
$1,099,999
1848 W Bridge Ave, Spokane, WA 99201
MULTI_FAMILY - Other - Spokane, WA
Property Size4,100 SF
Lot Size0.13 Acres
Price / SF$268.29
Days on Market56
Property Features for 1848 W Bridge Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Laundry Room, Bedroom 8, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 2, Utility Room, Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 4, Bedroom 2, Bedroom 1
Parking features
Garage, Offsite, Open
Spa
1
Window features
Wood Frames, Skylight(s)
Patio and Porch features
Deck, Patio
Interior features
Hot Water, High Speed Internet, Pantry, Natural Woodwork, In-Law Floorplan
Exterior features
Spa/Hot Tub
Basement
Walk-Out Access, Full, Finished
Appliances
Free-Standing Range, Gas Range, Dishwasher, Refrigerator, Microwave, Washer, Dryer
Lot features
Views, Fencing, Fenced Yard
View
City, Territorial
Elementary school
Holmes
Middle school
North Central
High school
North Central
Elementary school district
Spokane Dist 81
Directions
Going south on Maple / Ash, turn west (right) on Broadway for .1 miles, then turn south (left) on Oak for 100 feet, turn west (right) on Bridge, and home is on your right-hand side.
Standard status
Active
APN
25134.1622
Size
4,100 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
2493
Utilities
Utilities
Cable Available
Heating system
Forced Air, Heat Pump (Heating), Ductless (Heating), Natural Gas
Cooling system
Ductless
Amenities
hot tubs
built-in grilling
fireplace
seating area
balcony
skylights
spa bath
Building Details
Year built
1909
Floors in Building
3
Number of units
4
Flooring type
Wood, Vinyl
Building materials
Steel Frame
Roof type
Composition
Architectural style
Other
Additional Structures
Guest House
Listing Agency:
eXp Realty, LLC
(888) 317-5197
Listed By:
Hunter Mackay · License #20123491
(360) 339-5093
Added: Jun 6
Changed: Jul 31
Last Checked: Jul 31 at 8:06PM
MLS# 202618844
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This completely renovated and redesigned quadplex blends classic character with modern updates. The improvements include updated electrical and plumbing, luxury fixtures, custom cabinetry, quartz countertops, and LVP flooring. The main residence offers 1,800 sq ft with 3 bedrooms and 2 bathrooms, featuring an open layout and a modern chef’s kitchen.
The lower level provides 1,100 sq ft with 2 bedrooms and 1 bathroom, including a full kitchen and a spa bath with a steam shower and soaking tub. An outdoor area connects the spaces with two hot tubs, built-in grilling, a fireplace, and seating for year-round use. A second structure built in the 1970s and renovated in 2023 adds nearly 1,400 sq ft with 3 bedrooms and 2 bathrooms, a balcony, a new roof, and skylights.
With no HOA fees, the property is positioned for walkability to restaurants, trails, and community in Kendall Yards. Additional interior features include hot water, high-speed internet capability, pantry, natural woodwork, and an in-law floorplan, with forced air heating plus heat pump and ductless options and natural gas available.
The lower level provides 1,100 sq ft with 2 bedrooms and 1 bathroom, including a full kitchen and a spa bath with a steam shower and soaking tub. An outdoor area connects the spaces with two hot tubs, built-in grilling, a fireplace, and seating for year-round use. A second structure built in the 1970s and renovated in 2023 adds nearly 1,400 sq ft with 3 bedrooms and 2 bathrooms, a balcony, a new roof, and skylights.
With no HOA fees, the property is positioned for walkability to restaurants, trails, and community in Kendall Yards. Additional interior features include hot water, high-speed internet capability, pantry, natural woodwork, and an in-law floorplan, with forced air heating plus heat pump and ductless options and natural gas available.
Key Highlights
- Completely renovated with updated electrical and plumbing, custom cabinetry, quartz countertops, and LVP flooring
- Main residence: 1,800 sq ft with 3 bedrooms and 2 bathrooms plus an open layout and chef’s kitchen
- Lower level: 1,100 sq ft with 2 bedrooms and 1 bathroom, full kitchen, steam shower, and soaking tub
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.3k | $17.40 |
| − Vacancy | −$4.3k | −$1.06 |
| EGI | $67.0k | $16.34 |
| − OpEx | −$20.1k | −$4.90 |
| NOI | $46.9k | $11.44 |
4,100 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$670.0K
$586.3K – $781.7K
NOI $46,902 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$582.5K
$509.7K – $679.6K
NOI $40,778 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$1.06M
$925.6K – $1.23M
NOI $74,046 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 99201, WA
15,716
Population
8,842
Households
1.8
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
5,239
Density / Sq Mi
$35,286
Median Household Income
$36,599
Median Earnings
$883
Median Rent
$259,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Completely renovated quadplex featuring multiple living areas, decks, and an outdoor entertainment setup with two hot tubs.
Where is this quadplex located?
The property is located at 1848 W Bridge Ave Spokane, WA.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Completely renovated with updated electrical and plumbing, custom cabinetry, quartz countertops, and LVP flooring; Main residence: 1,800 sq ft with 3 bedrooms and 2 bathrooms plus an open layout and chef’s kitchen; Lower level: 1,100 sq ft with 2 bedrooms and 1 bathroom, full kitchen, steam shower, and soaking tub
