Property Details
520 E Wabash Avenue
Spokane, WA 99207
$500,000
Active
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Property Overview
Fantastic North Spokane duplex investment opportunity with stable in-place rental income from long-term tenants already in place. This property offers immediate cash flow with manageable value-add potential through exterior updates, cosmetic improvements, and future rent growth over time. Located in an established residential pocket with convenient access to schools, services, amenities, and major Spokane corridors, the property is well positioned to attract steady tenant demand. Duplexes remain one of the most versatile residential investment assets, appealing to investors, owner-occupants, house hackers, and 1031 exchange buyers. With multiple exit strategies, strong rental fundamentals, and room to enhance curb appeal and long-term value, this is a practical and approachable opportunity in the North Spokane market.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Spokane
Neighborhood
Spokane
Listed
May 8, 2026
Structure Type
Duplex
Parcel Number
36323.1607
Tax & HOA
Annual Property Tax
$3,971 (2026)
Est. Monthly Tax
$331/mo
Financial Summary
Cap Rate
8.03%
Net Operating Income
$40,169
Gross Scheduled Income
$51,000
Gross Rent Multiplier
9.92
Total Expenses
$7,555
Building & Use
Building Sq Ft
3,400
Leasable Area
3,400 sqft
Total Units
2
Zoning
Residential
Possible Use
Residential
Lot Size
5,227 sqft
Year Built
1976
Exterior & Lot
Lot Size
0.12 sqft
Year Built
1976
Exterior Materials
Brick
Sewer
Sewer Connected
Water Source
Community
Exterior Features
Brick
Community & Access
Directions
Turn north from E Wellesley Ave. Turn east on E Wabash Ave and the duplex is on the south side of the road.
Location
City
Spokane
County
Spokane
Coordinates
47.70199, -117.40221
Additional Information
Tax Year
2026
Annual Taxes
$3,971
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:09 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.
