8705 N Colton St Spokane, WA 99218

Building Details

Year Built

1981

Listing office LT Real Estate

Listing date May 23, 2026

Source Clearwaterproperties

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

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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.

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FAQs

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 N Colton St 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.