Building Details

Year Built 1950

Listing Agency: Windermere RE K-2 Realty j***@windermere.com Show Phone

Listed By: Jay P. Kincaid

Source: Livnserverealestate

Added: Aug 18 Changed: Aug 29 Last Checked: Aug 30 at 7:09PM

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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 Windermere RE K-2 Realty

Investment Insights

Based on property information with market context.

Built in 1950, this multifamily property includes 8 studio apartments, 1 one-bedroom unit, and 2 two-bedroom units. The one- and two-bedroom apartments have full kitchens, while each studio includes a private bathroom, hot plate, microwave, and compact refrigerator. A remodeled office space is also part of the property.

Recent work includes fresh exterior paint and a new roof installed in 2025. The property also has a coin-operated laundry facility, adding an on-site amenity for residents. The address is 407 1st Ave in Ritzville, Washington.

Key Highlights

• 8 studio apartments, 1 one‑bedroom unit, and 2 two‑bedroom units
• New roof installed in 2025
• Studios include private bathrooms, hot plates, microwaves, and compact refrigerators

Property Analytics

Property Profile

Current Use

stay ritzville Hotel & Motel

Suggested Use

Top Pick Dental Office Real Estate Agency Plumbing Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

259

Businesses Nearby

Explore this area Business Placement

Demographics for 99169, WA

2,487

Population

1,206

Households

2.1

Avg Household Size

45

Median Age

23%

College-Educated

89%

High-School Grad

716.5 sq mi

ZIP Area

3

Density / Sq Mi

$66,161

Median Household Income

$36,972

Median Earnings

$859

Median Rent

$210,700

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment property with studio and larger units, private baths, kitchen facilities, laundry, and a remodeled office.

Where is this apartment building located?

The property is located at 407 1st Ave Ritzville, WA.

What is the asking price?

The asking price for this property is $479,000.

What are key features of this property?

This property features: 8 studio apartments, 1 one‑bedroom unit, and 2 two‑bedroom units; New roof installed in 2025; Studios include private bathrooms, hot plates, microwaves, and compact refrigerators