North Spokane Fourplex Investment
For Sale
$725,000
8705 Colton, Spokane, WA 99218
Well-maintained fourplex in North Spokane with strong rental history.
Property SizeContact for details
Days on Market100
Property Features for 8705 Colton
General Information
Standard status
Active
Property subtype
Multi Family Home
Amenities
Garage: Detached, Off Site
Garage Spaces: 1
Detached, Off Site
1
Building Details
Year Built
1981
Listing Agency:
LT Real Estate
(360) 518-9381
Listed By:
Derek Raivio · License #21030903
Source:
Clearwaterproperties
Added: May 23
Changed: Aug 28
Last Checked: Aug 28 at 9:22AM
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 LT Real Estate
Investment Insights
Based on property information with market context.
This fourplex in North Spokane presents an opportunity for investors or owner-occupants. Located within the Mead School District, the property has a strong rental history and quality updates throughout. Each unit is just under 1,000 square feet and includes 2 bedrooms and 2 bathrooms, featuring a primary suite. Units also include LVP flooring, updated cabinetry, stainless steel appliances, updated vinyl windows, in-unit laundry, and individual A/C units. Residents have access to private balconies or porches, off-street parking, and detached garages. The property's gross monthly income is $5,360, with a NOI of $51,453.83 and a cap rate of 7.1%. There is potential to package this property with 803 W Knox Ave and 1511-1517 W Euclid Ave for an expanded investment opportunity.
Key Highlights
- High Net Operating Income (NOI): $51,453.83 and a strong 7.1% Cap Rate indicate excellent income potential.
- Well‑maintained fourplex with quality updates throughout, including LVP flooring, updated cabinetry, stainless steel appliances, and vinyl windows.
- Each unit features 2 bedrooms and 2 bathrooms (including a primary suite) with in‑unit laundry and individual A/C units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Explore this area
Business Placement
Demographics for 99218, WA
15,591
Population
6,464
Households
2.4
Avg Household Size
38
Median Age
37%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
2,293
Density / Sq Mi
$73,723
Median Household Income
$40,854
Median Earnings
$1,147
Median Rent
$404,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained fourplex in North Spokane with strong rental history.
Where is this quadplex located?
The property is located at 8705 Colton Spokane, WA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: High Net Operating Income (NOI): $51,453.83 and a strong 7.1% Cap Rate indicate excellent income potential.; Well‑maintained fourplex with quality updates throughout, including LVP flooring, updated cabinetry, stainless steel appliances, and vinyl windows.; Each unit features 2 bedrooms and 2 bathrooms (including a primary suite) with in‑unit laundry and individual A/C units.
