3222-3224 N Madison St, Spokane, WA 99205
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3222-3224 N Madison St, Spokane, WA 99205
3222-3224 N Madison St, Spokane, WA 99205
3222-3224 N Madison St, Spokane, WA 99205
3222-3224 N Madison St, Spokane, WA 99205
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Jake Beal

Jake Beal

+1(509) 995-4229
Listed by Jeff Hornberger • The Hornberger Group, LLC
$ 1,350,000
Est. payment /mo
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Active

3222-3224 N Madison St Spokane, WA 99205

8,370 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 8,370 sqft

Price per Sqft $161

MLS Listing ID 202615565

Style Traditional

Year Built 1994

Annual Tax Amount $12,969

Lot Size 8,712 Sqft

Lot Dimensions 0.2

Property Sub-Type Residential Income

Property Description

Well-maintained 8-unit investment opportunity consisting of two 4-plexes on separate residential parcels, offering the possibility of residential financing with more favorable terms than typical commercial loans, subject to buyer's lender. Each unit features a spacious 2 bed / 1 bath layout of approximately 1000 SF with washer/dryer hookups—larger than typical Spokane rentals—supporting strong tenant demand and retention. Property has been carefully self-managed with excellent upkeep and a stable tenant base with consistent payment history. Recent improvements include multiple newer water heaters and washer/dryer units. In-place rents provide solid cash flow with clear upside through light interior updates; comparable renovated units are achieving ~$1,450–$1,550/mo. One unit has been left intentionally vacant for owner-occupancy or immediate lease-up at market rent. A well-performing, stabilized asset with consistent operations and a straightforward value-add opportunity in a high-dema

Location

State WA

County Spokane

Rooms

Basement Full, Finished

Interior

Heating Ductless

Cooling Wall Unit(s)

Appliance Free-Standing Range, Refrigerator

Exterior

Parking Features None

Amenities Available None

View Y/N true

View Territorial

Roof Type Composition

Total Parking Spaces 10

Building

Lot Description Sprinkler - Automatic, Level, Corner Lot, City Bus (w/in 6 blks), Oversized Lot

Story 2

Architectural Style Traditional

Structure Type Siding

Schools

Elementary Schools Audubon

Middle Schools Glover

High Schools North Central

School District Spokane Dist 81

Others

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Jake Beal

Jake Beal

Agent | WDLB137890

+1(509) 995-4229

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3222-3224 N Madison St