Property Details

407 W 1st Ave

Ritzville, WA 99169

$479,000

Available

CBA# 714342 courtesy of CBA Listing firm: Windermere K-2 Realty, LLC

Schedule a Showing

Select your date preference

Request More Info

I’d like more information about 407 W 1st Ave, Ritzville, MLS# 714342

Commercial

Property Type

4,004

Bldg Sq Ft

Units

10.00%

Cap Rate

1940

Year Built

Property Overview

Excellent investment opportunity in the growing community of Ritzville! Originally constructed in 1950, this income-producing property has undergone extensive updates and now features 8 studio apartments, 1 one-bedroom unit with a full kitchen, 2 two-bedroom units with full kitchens, and a remodeled office space. Recent improvements include fresh exterior paint, the addition of a coin-operated laundry facility, and a brand-new roof installed in 2025. Each studio unit is equipped with a private bathroom, hot plate, microwave, and compact refrigerator, providing comfortable and efficient living accommodations. Two additional studio units are ready for renovation, offering significant upside potential and the opportunity to increase the property to a total of 11 income-producing units. Whethe