Turnkey Quadplex in
434 W Buckeye Ave Spokane, WA 99205
MULTI_FAMILY - Spokane, WA
Property size:
2,711 SFLot size:
0.13 Acres- Added:
- Apr 21, 2026
- Days on Market:
- 80
- Last Refresh:
- Jul 9 at 11:06 pm
Property Features for 434 W Buckeye Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi
- Bedrooms
- 2
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 2
- Parking
- 6
- Parking features
- RV, Alley
- Basement
- Crawl Space
- Standard status
- Pending
- APN
- 35071.1622
- Size
- 2,711 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5000
Utilities
- Heating system
- Natural Gas, Electric (Heating), Forced Air
Building Details
- Year built
- 1903
- Number of units
- 4
- Building materials
- Wood Siding
- Roof type
- Composition
Listing agent Bryce Wetherell License #SP57762 (360) 339-5093
Listing office eXp Realty, LLC 601 W 1st Ave Ste 1400, Seattle, WA (888) 317-5197
Listing date Apr 21, 2026
MLS# 202615828
Listing URL
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 turnkey quadplex is located in a desirable, supply-constrained neighborhood of Spokane. The property has been thoughtfully renovated and features a flexible unit mix consisting of one spacious two-bedroom unit and three private studios, each equipped with its own kitchen and appliances. The infrastructure is investor-friendly with on-site shared laundry and rare valley access leading to a two-car garage plus additional rear parking. Currently, three units are vacant and ready for market-rate tenants or an owner-occupant, while one studio remains occupied. The property offers a blend of immediate cash flow and low-maintenance ownership. The property is suitable for either a pure income play or a house-hacking opportunity. The building is 2711 square feet and sits on a 0.13-acre lot. The property is zoned for multi-family use.
Key Highlights
- Turnkey quadplex built in 1903 with wood siding and a composition roof
- Flexible unit mix: 1 two‑bedroom unit plus 3 private studios, each with its own kitchen and appliances
- Investor‑friendly infrastructure with on‑site shared laundry
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 | $47.2k | $17.40 |
| − Vacancy | −$2.9k | −$1.06 |
| EGI | $44.3k | $16.34 |
| − OpEx | −$13.3k | −$4.90 |
| NOI | $31.0k | $11.44 |
2,711 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$443.0K
$387.7K – $516.9K
NOI $31,012 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$385.2K
$337.0K – $449.4K
NOI $26,963 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$699.4K
$612.0K – $816.0K
NOI $48,961 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Renovated quadplex with flexible unit mix and parking.
Where is this quadplex located?
The property is located at 434 W Buckeye Ave Spokane, WA.
What is the asking price?
The asking price for this property is $499,994.
What are key features of this property?
This property features: Turnkey quadplex built in 1903 with wood siding and a composition roof; Flexible unit mix: 1 two‑bedroom unit plus 3 private studios, each with its own kitchen and appliances; Investor‑friendly infrastructure with on‑site shared laundry
