Fourplex Investment
2903 E JACKSON Ave Spokane, WA 99037
New
2903 E JACKSON Ave, Spokane, WA, 99037
$569,000
For Sale
$569,000
Well-maintained four-plex with four 2-bedroom, 1-bath units, offered for sale with one unit move-in ready.
Property Size3,200 SF
Price / SF$177.81
Days on Market3
Property Features for 2903 E JACKSON Ave
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1977
Listing agency
First Look Real Estate
(509) 999-4972
Listed by
Becky Lease · License #136753
Source
Clearwaterproperties
Added: Jul 20 Updated: Jul 21 at 11:32AM Checked: Jul 22 at 4:06AM
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 First Look Real Estate
Investment Insights
Based on property information with market context.
This well-maintained fourplex presents four spacious rental units, each featuring 2 bedrooms and 1 bathroom. The property is described as beautifully preserved and includes one unit available and move-in ready, offering immediate flexibility for an owner-occupant or investor seeking occupancy while leasing.
The property is located at 2903 E JACKSON Ave in Spokane, WA 99037. It is positioned near Spokane Community College and downtown Spokane, with nearby access to dining, shopping, and entertainment. The public remarks also note the property is just one block from the Centennial Trail and the Spokane River.
Configured as a four-unit residential income property, this asset may appeal to buyers looking for a compact multi-family setup with consistent unit mix across the building.
The property is located at 2903 E JACKSON Ave in Spokane, WA 99037. It is positioned near Spokane Community College and downtown Spokane, with nearby access to dining, shopping, and entertainment. The public remarks also note the property is just one block from the Centennial Trail and the Spokane River.
Configured as a four-unit residential income property, this asset may appeal to buyers looking for a compact multi-family setup with consistent unit mix across the building.
Key Highlights
- Well‑maintained four‑plex with four units, each with 2 bedrooms and 1 bathroom
- Each unit features approximately 800 sq ft of living space
- Year built: 1977
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
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-plex with four 2-bedroom, 1-bath units, offered for sale 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.
What are key features of this property?
This property features: Well‑maintained four‑plex with four units, each with 2 bedrooms and 1 bathroom; Each unit features approximately 800 sq ft of living space; Year built: 1977
