Victorian Multi-Family Investment
4722 N Regal St Spokane, WA 99217
New
For Sale
$374,500
MULTI_FAMILY - Victorian - Spokane, WA
Property Size3,406 SF
Lot Size0.15 Acres
Price / SF$109.95
Days on Market3
Property Features for 4722 N Regal St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Basement, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 6
- Parking features
- Offsite, Alley
- Patio and Porch features
- Deck
- Interior features
- Hot Water, Kitchen Island
- Basement
- Partial, Partially Finished
- Appliances
- Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
- Standard status
- Active
- APN
- 36343.2908
- Size
- 3,406 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3861
Utilities
- Heating system
- Hot Water(Heating), Radiant, Radiant Floor
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1909
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Vinyl Siding
- Roof type
- Composition
- Architectural style
- Victorian
Listing Agency:
eXp Realty, LLC
(888) 317-5197
Listed By:
Cody Fenske · License #SP54854
(360) 339-5093
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 25 at 1:06AM
MLS# 202621429
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 Victorian-style single-family income property offers 7 bedrooms and 2.5 bathrooms, with tenants renting private rooms while sharing common areas including the kitchen, bathrooms, and living spaces. The home is described as well-maintained and is currently configured as an income-generating rental by-the-room model.
The property is located at 4722 N Regal St in Spokane, Washington (99217). It sits on a 0.1458-acre lot and is listed for sale at an individual level or as part of a larger rental portfolio, according to the provided remarks.
Current lease terms are described as flexible month-to-month for all tenants, which may offer operational flexibility compared to fixed-term arrangements. The property is being marketed as an investment opportunity with an established rental track record.
The property is located at 4722 N Regal St in Spokane, Washington (99217). It sits on a 0.1458-acre lot and is listed for sale at an individual level or as part of a larger rental portfolio, according to the provided remarks.
Current lease terms are described as flexible month-to-month for all tenants, which may offer operational flexibility compared to fixed-term arrangements. The property is being marketed as an investment opportunity with an established rental track record.
Key Highlights
- 7‑bedroom, 2.5‑bath income property currently rented by the room with private bedrooms and shared kitchen, bathrooms, and living spaces
- Tenants are on flexible month‑to‑month leases
- Radiant floor heating and hot water heating
Financial Insights For Apartment 5plus
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 | $65.8k | $19.32 |
| − Vacancy | −$4.2k | −$1.24 |
| EGI | $61.6k | $18.08 |
| − OpEx | −$27.7k | −$8.14 |
| NOI | $33.9k | $9.95 |
3,406 SF · lease $19.32/SF/yr · vacancy 6.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$483.9K
$423.5K – $564.6K
NOI $33,876 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$878.7K
$768.9K – $1.03M
NOI $61,512 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Artist Rachael Alt ...
Marketing & Advertising
FAQs
What type of property is this?
Single family property - Victorian-style 7-bedroom, 2.5-bath income property currently rented by the room with month-to-month leases.
Where is this single family property located?
The property is located at 4722 N Regal St Spokane, WA.
What is the asking price?
The asking price for this property is $374,500.
What are key features of this property?
This property features: 7‑bedroom, 2.5‑bath income property currently rented by the room with private bedrooms and shared kitchen, bathrooms, and living spaces; Tenants are on flexible month‑to‑month leases; Radiant floor heating and hot water heating
