Brick Ranch Income
808 E Mission Ave Spokane, WA 99202
808 E Mission Ave, Spokane, WA, 99202
$395,000
Pending
For Sale
$395,000
Pending
MULTI_FAMILY - Ranch - Spokane, WA
Property Size2,600 SF
Lot Size0.16 Acres
Days on Market47
Property Features for 808 E Mission Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Basement, Bedroom 4
- Parking features
- Alley
- Window features
- Wood Frames
- Patio and Porch features
- Patio
- Interior features
- High Speed Internet, Natural Woodwork
- Fireplace
- 1
- Basement
- Walk-Out Access, Full, Finished
- Appliances
- Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
- Standard status
- Pending
- APN
- 35171.0306
- Size
- 2,600 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3899
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1928
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Wood
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Ranch
Listing agency
Keller Williams Spokane - Main
(509) 458-4000
Listed by
Bryan Swanson · License #102133
(509) 458-4000
Added: Jun 5 Updated: Jul 16 at 5:33PM Checked: Jul 21 at 10:06PM
MLS# 202618825
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 single-family rental property is a solid brick rancher configured with five bedrooms. It has been operated as a student rental and, per the remarks, has experienced virtually no vacancy for 20 years. The home also has a roof installed in 2016 with a 30-year lifespan, and all appliances are included.
Located in Spokane’s Logan neighborhood on the south side of Mission Avenue, the property is described as only a few blocks from Gonzaga University. The setting supports a tenant base aligned with the university area, with nearby demand tied to student housing needs.
For buyers seeking a manageable residential income asset, the existing five-bedroom layout provides immediate functionality for rental use. The seller notes the property would be easy to make into a 6-bed, 2-bath configuration, offering a potential path to reconfigure the space while keeping the character of the ranch design. With appliances included and a recently installed roof, this home may appeal to investors or owner-operators looking for a straightforward residential rental setup.
Located in Spokane’s Logan neighborhood on the south side of Mission Avenue, the property is described as only a few blocks from Gonzaga University. The setting supports a tenant base aligned with the university area, with nearby demand tied to student housing needs.
For buyers seeking a manageable residential income asset, the existing five-bedroom layout provides immediate functionality for rental use. The seller notes the property would be easy to make into a 6-bed, 2-bath configuration, offering a potential path to reconfigure the space while keeping the character of the ranch design. With appliances included and a recently installed roof, this home may appeal to investors or owner-operators looking for a straightforward residential rental setup.
Key Highlights
- Single‑family brick ranch built in 1928 with 5 bedrooms and a basement
- Fireplace and natural woodwork with wood flooring
- Heating includes natural gas forced air; composition shingle roof
Local 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 | $50.2k | $19.32 |
| − Vacancy | −$3.2k | −$1.24 |
| EGI | $47.0k | $18.08 |
| − OpEx | −$21.2k | −$8.14 |
| NOI | $25.9k | $9.95 |
2,600 SF · lease $19.32/SF/yr · vacancy 6.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$369.4K
$323.2K – $431.0K
NOI $25,859 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$670.8K
$587.0K – $782.6K
NOI $46,956 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Brick ranch rental with five bedrooms, a 2016 roof installation, and appliances included for streamlined tenant move-ins.
Where is this single family property located?
The property is located at 808 E Mission Ave Spokane, WA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Single‑family brick ranch built in 1928 with 5 bedrooms and a basement; Fireplace and natural woodwork with wood flooring; Heating includes natural gas forced air; composition shingle roof
