1121 Knox Ave Spokane, WA 99205
This charming Spokane, WA single-family rental property, located at 1121 W Knox Ave, 99205, presents a fantastic investment opportunity. The property, built in 1904 and extensively renovated in 2023, boasts 1,470 square feet across two stories, offering one rental unit priced at $309,900 ($210.82/sq ft). Currently vacant, this Class C multifamily property is ready for immediate occupancy. Recent updates include a brand-new front porch, new luxury vinyl plank (LVP) flooring throughout, fresh paint, and a completely remodeled bathroom. The home retains its original character, highlighted by beautiful stained glass windows. A significant renovation completed the large upper level, adding considerable living space. The property also includes a detached garage, offering ample storage and workshop space, along with an additional bathroom. Its convenient location provides easy access to shopping, restaurants, and public transportation. This property offers a blend of historical charm and modern updates, making it an attractive rental prospect in a desirable Spokane neighborhood. The interior and exterior have undergone a complete transformation, ensuring a move-in ready condition for tenants.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.