4-Unit Quadplex with
1608 E Hartson Ave, Spokane, WA 99202
For Sale
$860,000
Four two-bedroom residences feature individual heating and cooling systems and upgraded interior finishes.
Property Size4,472 SF
Price / SF$192.31
Days on Market400
Property Features for 1608 E Hartson Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Opportunity Zone
Taxes and HOA fees
Annual Taxes
Amenities
High Speed Internet
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
CENTURY 21 Beutler & Associates
(509) 323-2100
Listed By:
John Baker
(509) 251-1566
Source:
Ericksrealty
Added: Oct 6, 2025
Changed: Nov 7
Last Checked: Nov 9 at 1:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Beutler & Associates
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Investment Insights
Based on property information with market context.
Built in 2018, this 4,472-square-foot quadplex at 1608 E Hartson Ave contains four residences, each arranged with two bedrooms and one bathroom. Interior finishes include granite countertops, luxury vinyl plank flooring, and solid-core doors. Individual mini-split systems provide heating and cooling in each unit. The sale also includes 12-month multifamily buyer coverage with a home warranty for each residence.
The property is in Spokane’s Perry District, near schools, public transit, and neighborhood shopping. It is identified as being within an Opportunity Zone, with an annual property-tax reduction of up to 75% through 2031.
The property is in Spokane’s Perry District, near schools, public transit, and neighborhood shopping. It is identified as being within an Opportunity Zone, with an annual property-tax reduction of up to 75% through 2031.
Key Highlights
- Four 2‑bedroom/1‑bath units in a 4,472‑square‑foot building
- Built in 2018
- Mini‑split heating and cooling in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,157
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,140
$1.0M
Cap Rate 7%
$730,814
$730.8K
Cap Rate 9%
$568,411
$568.4K
Market Conditions
NOI Build-Up for 4,472 SF
Gross rent
$77.8K $17.40/SF
− Vacancy
−$4.7K −$1.06/SF
EGI
$73.1K $16.34/SF
− OpEx
−$21.9K −$4.90/SF
NOI
$51.2K $11.44/SF
Area
Spokane, WA
Vacancy
6.08%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,140
Cap Rate 7%
$730,814
Cap Rate 9%
$568,411
Alternative Uses
Best Use
Multifamily LT 5
$730.8K
$639.5K – $852.6K
NOI $51,157 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$635.4K
$556.0K – $741.3K
NOI $44,478 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,764 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
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Business Placement
Demographics for 99202, WA
21,969
Population
8,296
Households
2.6
Avg Household Size
31
Median Age
33%
College-Educated
92%
High-School Grad
5.9 sq mi
ZIP Area
3,724
Density / Sq Mi
$61,323
Median Household Income
$31,892
Median Earnings
$1,070
Median Rent
$268,700
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Spokane, WA
Properties on Market for Quadplexes in Spokane
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences feature individual heating and cooling systems and upgraded interior finishes.
Where is this quadplex located?
The property is located at 1608 E Hartson Ave Spokane, WA.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Four 2‑bedroom/1‑bath units in a 4,472‑square‑foot building; Built in 2018; Mini‑split heating and cooling in each unit
