Renovated Multi-Unit Residential
1848 W Bridge Ave Spokane, WA 99201
1848 W Bridge Ave, Spokane, WA, 99201
$1,099,999
For Sale
$1,099,999
MULTI_FAMILY - Other - Spokane, WA
Property Size4,100 SF
Lot Size0.13 Acres
Price / SF$268.29
Days on Market47
Property Features for 1848 W Bridge Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 7, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 4, Laundry Room, Bathroom 2, Utility Room, Bedroom 5, Bathroom 5, Bedroom 2, Bathroom 3
- Parking features
- Garage, Open, Offsite
- 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
- Full, Walk-Out Access, Finished
- Appliances
- Free-Standing Range, Gas Range, Dishwasher, Refrigerator, Microwave, Washer, Dryer
- 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, Natural Gas, Heat Pump (Heating), Ductless (Heating)
- Cooling system
- Ductless
Building Details
- Year built
- 1909
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Vinyl, Wood
- 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 Updated: Jul 17 at 3:32AM Checked: Jul 22 at 4:06PM
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 multi-unit residential property combines classic character with modern updates across two structures. The main residence offers 1,800 square feet with 3 bedrooms and 2 bathrooms, an open layout, and a modern chef’s kitchen. The lower level provides an additional 1,100 square feet with 2 bedrooms, 1 bathroom, a full kitchen, and a spa bath featuring a steam shower and soaking tub. Outdoor space connects the areas and includes two hot tubs, built-in grilling, a fireplace, and seating for year-round use.
A second structure built in the 1970s was renovated in 2023 and offers nearly 1,400 square feet with 3 bedrooms and 2 bathrooms, along with a balcony. The property also features a new roof and skylights. Located in Kendall Yards in Spokane, it is described as walkable to restaurants, trails, and community areas, and there are no HOA fees.
A second structure built in the 1970s was renovated in 2023 and offers nearly 1,400 square feet with 3 bedrooms and 2 bathrooms, along with a balcony. The property also features a new roof and skylights. Located in Kendall Yards in Spokane, it is described as walkable to restaurants, trails, and community areas, and there are no HOA fees.
Key Highlights
- Two hot tubs plus outdoor deck and patio, with built‑in grilling and a fireplace
- Main residence: 1,800 SF with 3 bedrooms and 2 bathrooms, open layout and modern chefs kitchen
- Lower level: 1,100 SF with 2 bedrooms and 1 bathroom, full kitchen and spa bath with steam shower and soaking tub
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Updated multi-unit property with multiple residences, updated kitchens and baths, and outdoor gathering space.
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: Two hot tubs plus outdoor deck and patio, with built‑in grilling and a fireplace; Main residence: 1,800 SF with 3 bedrooms and 2 bathrooms, open layout and modern chefs kitchen; Lower level: 1,100 SF with 2 bedrooms and 1 bathroom, full kitchen and spa bath with steam shower and soaking tub
