Fourplex with Individual
401 4th St Davenport, WA 99122
For Sale
$479,900
MULTI_FAMILY - Davenport, WA
Property Size3,087 SF
Lot Size0.34 Acres
Price / SF$155.46
Days on Market207
Property Features for 401 4th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
5
Rooms
Bathroom 5, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3
Parking features
Offsite, RV, Driveway
Interior features
Hot Water
Basement
Walk-Out Access, Partially Finished
Appliances
Free-Standing Range, Refrigerator
Standard status
Active
APN
0306084001000
Size
3,087 SF
Lot size
0.34 Acres
Utilities
Heating system
Natural Gas, Electric (Heating), Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1900
Number of units
4
Building materials
Steel Frame, Vinyl Siding
Roof type
Composition
Listing Agency:
John L Scott, Inc.
(509) 455-8600
Listed By:
Kimberly Dailey
(509) 455-8600
Added: Jan 2
Changed: Jun 17
Last Checked: Jul 28 at 4:06AM
MLS# 202610183
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 fourplex contains four rental units arranged in a mix of layouts: one 2BR/2BA, one 2BR/1BA, and two 1BR/1BA. The property includes updated electrical and individual gas or electric heat sources for all four units, reducing shared-system dependency. Outside, the home features an oversized green space with a community garden and a cozy fire-pit, along with RV and off-street parking. A 2-car garage is also included.
Set on a spacious corner lot in Davenport, the property is described as being a short stroll from downtown Davenport and local schools. The listing notes showings are subject to an accepted offer to respect tenant privacy.
For buyers seeking a smaller multifamily asset with simplified rent structure, the units are reported to feature all-inclusive rents. The seller also references a seller carry option and an 8.70% cap rate, calculated from verified 2025 expense data and $60,600 in gross annual income. Unit mix and on-site parking/garage amenities may support a range of tenant preferences while keeping property management straightforward with a “one bill” approach for residents.
Set on a spacious corner lot in Davenport, the property is described as being a short stroll from downtown Davenport and local schools. The listing notes showings are subject to an accepted offer to respect tenant privacy.
For buyers seeking a smaller multifamily asset with simplified rent structure, the units are reported to feature all-inclusive rents. The seller also references a seller carry option and an 8.70% cap rate, calculated from verified 2025 expense data and $60,600 in gross annual income. Unit mix and on-site parking/garage amenities may support a range of tenant preferences while keeping property management straightforward with a “one bill” approach for residents.
Key Highlights
- Profitable 4‑plex in Davenport, WA with an 8.70% cap rate; based on verified 2025 expense data and $60,600 gross annual income.
- Unit mix: (1) 2BR/2BA, (1) 2BR/1BA, and (2) 1BR/1BA; all‑inclusive rents to support simplified “one bill” tenant billing.
- Key improvements include updated electrical and individual gas or electric heat sources for all four units.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with updated electrical and dedicated gas or electric heat for each unit.
Where is this quadplex located?
The property is located at 401 4th St Davenport, WA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Profitable 4‑plex in Davenport, WA with an 8.70% cap rate; based on verified 2025 expense data and $60,600 gross annual income.; Unit mix: (1) 2BR/2BA, (1) 2BR/1BA, and (2) 1BR/1BA; all‑inclusive rents to support simplified “one bill” tenant billing.; Key improvements include updated electrical and individual gas or electric heat sources for all four units.
