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    4822 N Lee St, Unit 3 Spokane, WA 99207

    For Sale
    $415,000

    Well-maintained triplex with strong rental income and fenced yard.

    Lot size:
    0.15 Acres

    Property Features for 4822 N Lee St

    General Information

    Interior features
    1, : "Electric", "2": "Baseboard"
    Exterior features
    1, : "Composition"
    Lot size
    0.15 Acres

    Building Details

    Year built
    1977

    Source: LT Real Estate Agent LT Real Estate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Occupied Triplex Near Kehoe Park

    This fully occupied triplex features three units, each containing 2 bedrooms and 1 bathroom. The property generates a combined rental income of $3,882 per month. Each unit is well-maintained and includes access to a fenced yard, offering privacy and outdoor space for tenants. The property is located steps from Kehoe Park. This property presents an opportunity for investors seeking immediate cash flow. It may also suit buyers looking for owner-occupancy, with the potential to reside in one unit while the rental income from the other two units helps cover mortgage costs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -117.3772657
    Latitude
    47.7020988

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    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex with strong rental income and fenced yard.
    Where is this triplex located?
    The property is located at 4822 N Lee St, Unit 3 Spokane, WA.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: - Fully occupied triplex generating $3,882/month in rental income.; - Ideal for owner-occupancy: live in one unit and rent out the other two.; - Each unit features 2 bedrooms and 1 bathroom.
    Request Owner's contact information
    4822 N Lee St, Unit 3 Spokane, WA 99207
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    Spokane, WA 99207
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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
    4822 N Lee St, Unit 3 Spokane, WA 99207
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