Property Details

2327 E 29th Ave
Spokane, WA 99223
$685,000
CBA# 715813 courtesy of CBA Listing firm: SVN Cornerstone LLC

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2327 E 29th Ave, Spokane

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Commercial
Property Type
3,516
Bldg Sq Ft
4
Units
5.00%
Cap Rate
1978
Year Built

Property Overview

SVN Cornerstone is pleased to present the 29th Ave Fourplex for sale located at 2327 E 29th Ave in Spokane's desirable Rockwood neighborhood. The property consists of four residential units and features numerous recent improvements, including new LVP flooring in three units, updated kitchen cabinets in two units, in unit laundry in two units, and enhanced landscaping. The property offers investors a well maintained asset in one of Spokane's most established neighborhoods with strong rental demand and excellent long term investment potential.Highlights – Residential Financing – Lower down payments, longer amortization periods, and faster closings compared to typical commercial loans.- Owner Occupant Potential – Two month to month leases create the potential for owner occupied financing with as little as 5% down, subject to providing proper notice and lender occupancy requirements.- Prime South Hill Location – Desirable Rockwood neighborhood near Manito Park, shopping, dining, downtown Spokane, and major employers.- Recent Updates – Recent improvements include LVP flooring, updated kitchen cabinets, landscaping, and in unit laundry.- Proven Rental Upside – Well maintained property with covered carports, on site storage, straightforward management, and proven upside in rents.

Property Details

Property Information

Property Type Commercial Sale
Status Available
County Spokane
Listed Jul 28, 2026

Financial Summary

Cap Rate 5.00%

Building & Use

Building Sq Ft 3,516
Total Units 4
Zoning RMF
Possible Use Multi-Family
Year Built 1978

Exterior & Lot

Year Built 1978

Location

City Spokane
County Spokane
Coordinates 47.62850, -117.37700
Listed By
Jordan Lester, CCIM, MBA
SVN Cornerstone LLC

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