Ranch Quadplex with Move-In Ready
2903 E JACKSON Ave Spokane, WA 99037
2903 E JACKSON Ave, Spokane, WA, 99037
$569,000
For Sale
$569,000
MULTI_FAMILY - Ranch - Spokane, WA
Property Size3,200 SF
Lot Size0.17 Acres
Price / SF$177.81
Days on Market9
Property Features for 2903 E JACKSON Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 3, Bathroom 3
- Parking features
- Offsite, Driveway
- Interior features
- High Speed Internet
- Fireplace
- 1
- Appliances
- Free-Standing Range, Refrigerator, Hard Surface Counters
- Standard status
- Active
- APN
- 35102.3602
- Size
- 3,200 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3749
Utilities
- Utilities
- Cable Available
- Heating system
- Electric (Heating)
Building Details
- Year built
- 1977
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Wood
- Building materials
- Brick, Masonite
- Roof type
- Composition
- Architectural style
- Ranch
- Additional Structures
- Workshop
Listing agency
First Look Real Estate
(509) 928-3413
Listed by
Becky Lease · License #136753
(509) 928-3413
Added: Jul 14 Updated: Jul 21 at 3:31AM Checked: Jul 22 at 5:06PM
MLS# 202620879
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 ranch-style quadplex includes four residential units. Each unit features two bedrooms and one bathroom, and the property is listed as move-in ready with one unit available. The total property size is reported as 3,200 square feet.
The property is located at 2903 E Jackson Ave in Spokane, Washington, within Spokane County. It is described as near Spokane Community College and downtown Spokane, with access to dining, shopping, and entertainment. Public remarks also note the property is about one block from the Centennial Trail and the Spokane River.
The property is zoned R and includes a lot size of 0.1722 acres, offering a compact site configuration consistent with a four-unit rental building.
The property is located at 2903 E Jackson Ave in Spokane, Washington, within Spokane County. It is described as near Spokane Community College and downtown Spokane, with access to dining, shopping, and entertainment. Public remarks also note the property is about one block from the Centennial Trail and the Spokane River.
The property is zoned R and includes a lot size of 0.1722 acres, offering a compact site configuration consistent with a four-unit rental building.
Local 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 | $55.7k | $17.40 |
| − Vacancy | −$3.4k | −$1.06 |
| EGI | $52.3k | $16.34 |
| − OpEx | −$15.7k | −$4.90 |
| NOI | $36.6k | $11.44 |
3,200 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$522.9K
$457.6K – $610.1K
NOI $36,606 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$454.7K
$397.8K – $530.5K
NOI $31,827 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$825.6K
$722.4K – $963.2K
NOI $57,792 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four-plex with two-bedroom, one-bath units near Spokane Community College and downtown, with one unit move-in ready.
Where is this quadplex located?
The property is located at 2903 E JACKSON Ave Spokane, WA.
What is the asking price?
The asking price for this property is $569,000.
