Property Details
434 W Buckeye Avenue
Spokane, WA 99205
$499,994
Pending Inspection
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Property Overview
Here is your chance to score a turnkey quadplex in one of Spokane's most desirable neighborhoods. Fully updated, well maintained, and thoughtfully renovated, this income-producing property delivers immediate cash flow with four fully equipped units: one spacious 2-bedroom and three private studios, each with its own bathroom, kitchen, refrigerator, and oven. Tenants enjoy complete independence without compromise. Investor-friendly infrastructure throughout. A shared laundry room on-site adds convenience and tenant retention value. Rare alley access leads to a 2-car garage plus generous additional parking in the rear, a feature that sets this property apart in the market. Whether you are a seasoned portfolio builder or a house-hacking first-timer, this quadplex checks every box: low-maintenance condition, flexible unit mix, and strong rental demand in a supply-constrained Spokane market. Live in one unit and let the others pay your mortgage, or hold all four as a pure income play. Three units are currently vacant and move-in ready, with one studio occupied. Rents are well below market rate, creating an immediate opportunity to increase income with zero repair costs out of pocket. This is the ideal window to tour the property and see the full scope of what you are acquiring. The work has been done. The value is here. Properties like this rarely come to market in this condition, at this price point. Do not wait.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Inspection
County
Spokane
Neighborhood
Spokane
Listed
Apr 17, 2026
Structure Type
Quadruplex
Parcel Number
35071.1622
Tax & HOA
Annual Property Tax
$4,434 (2025)
Est. Monthly Tax
$370/mo
Financial Summary
Cap Rate
6.44%
Net Operating Income
$32,215
Gross Scheduled Income
$50,700
Gross Rent Multiplier
9.86
Total Expenses
$15,950
Vacancy Rate
75.0%
Building & Use
Building Sq Ft
3,190
Leasable Area
2,711 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,998 sqft
Year Built
1903
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1903
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Wood Products
Community & Access
Directions
From I-90 W, take Exit 279 toward Maple St. Head north on Maple St, turn left on Buckeye Ave. Property is on the right at 434 W Buckeye Ave.
Location
City
Spokane
County
Spokane
Coordinates
47.68294, -117.41863
Additional Information
Tax Year
2025
Annual Taxes
$4,434
Possession
Array
Based on information submitted to the MLS GRID as of June 5, 2026 12:30 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
