Zip codes 99207 homes for sale starting at Fifty Thousand Dollars

$1,301,800 - Spokane, WA

1329 E Gordon Ave Spokane, WA - Investor Alert!! Long term owner is retiring and liquidating their rental property in Spokane. The portfolio consists of 6 single family homes all occupied with paying tenants. Currently occupied month to month with possibility of negotiating a new lease or improving the unit and increasing rent. Tenants pay all utilities.

$950,000 - Spokane, WA

3002 N Crestline St Spokane, WA - This modern 4-plex provides a reliable and consistent income stream. The lower-level units each feature 2 bedrooms and 1 bathroom and are fully compliant with ADA regulations. These units also include sliding glass doors that open to private patios. The upper-level units each offer 2 bedrooms and 2 bathrooms, with the primary bedroom serving as an en-suite. All units are thoughtfully designed with convenience and comfort in mind. Each includes in-unit washers and dryers, full kitchens with refrigerators and dishwashers, and upgraded cabinets and countertops. Heating and cooling are provided through efficient split systems, ensuring year-round comfort. Durable and stylish Luxury Vinyl Plank (LVP) flooring runs throughout, while large vinyl windows invite in natural light. Recessed lighting enhances the ambiance in the evenings. With its blend of modern amenities, accessibility features, and attention to detail, this property appeals to a broad range of tenants, making it a compelling investment.

$950,000 - Spokane, WA

$925,000 - Spokane, WA

5312 E Union Ave Spokane, WA - Pleased to present the Union Apartments for sale. A low-maintenance, value-add apartment building with strong upside potential. The property includes eight 1-BD/1BA units, onsite laundry, yard area, and dedicated parking for each unit plus additional street parking. Competitive price point at $115,625 per unit with a 6.18% cap rate. This asset outperforms market comps with an average of $128,073 per unit and 6.07% cap rate. Upside potential, opportunity to increase rents by 4.8% to market rates with as-is unit interiors offering strong immediate and long term income potential w/ 6.62% pro forma cap rat. Located in Chief Garry Park, this property offers quick access to Downtown Spokane and Feltz field, making it a desirable rental spot. Valuable amenities include onsite laundry and dedicated parking for each unit to enhance tenant satisfaction & retention. 1BD/1BA units are in strong demand, appealing to singles, couples, and professionals which supports steady occupancy and income!

$750,000 - Spokane, WA

5634 E Commerce Ave Spokane, WA - A classic 1913 brick landmark in Spokane, this 2-story former schoolhouse—once a brewery and later a beloved winery—has been reimagined as a unique mixed-use commercial property. Zoned GC-70, it features 4 residential apartments, 2 professional offices, a lash salon, and 2 spacious commercial studios (one currently operating as a martial arts dojo). Located on a corner lot, the 8,832 sq ft building sits on over half an acre and offers 25 parking spaces. The full, unfinished basement includes a conveyor belt and loading dock, offering excellent potential for further development. Steeped in local history and full of character, the Parkwater Schoolhouse offers flexible income opportunities and a rare chance to own a piece of Spokane’s past—ready to be shaped for its next chapter.

$750,000 - Spokane, WA

5634 E Commerce Ave Spokane, WA - A classic 1913 brick landmark in Spokane, the Parkwater Schoolhouse has been reimagined as a distinctive apartment building with room to grow. This two-story former school—once a brewery and later a beloved winery—now features four renovated residential apartments and a shared laundry room for tenants. Zoned GC-70, the property includes two large main-floor spaces with strong potential to be converted into up to four additional apartments. Situated on a prominent corner lot, the 8,832 sq ft building sits on over half an acre and offers 25 parking spaces. The full unfinished basement includes a conveyor belt and loading dock, offering further potential for storage, creative reuse, or development. Full of historic character and investment upside, the Parkwater Schoolhouse presents a rare opportunity to expand a residential income property in a truly one-of-a-kind setting.

$750,000 - Spokane, WA

917 E Indiana Ave Spokane, WA - This multi-family home with four separate units is ready for its next chapter. This four-plex is centrally located near Gonzaga University, bus routes, and downtown Spokane. Along with convenience, there is also off-street, covered parking. Remodeled and beautifully updated in 2024 with updates including: new exterior/interior paint, new appliances, flooring, bathroom tile and tubs, backsplashes, and a turfed common area. Two units boast 2 bedrooms and 1 bathroom, while the other two units are 3 bedrooms and 1 bathroom. There is also on-site laundry, ample storage space!! Additional property next door, 923 E Indiana Ave, is for sale as well at the same price

$699,900 - Spokane, WA

1915 N Division St Spokane, WA - Centrally located 4,440 sq foot office building. Currently operating as dental lab, Less than one mile North of Spokane Convention Center. Between Blades Hair Studio and Spokane Furniture Company, Half a block north of Indiana, Open with tons of potential. Upstairs could be possibly be converted to apartment. Hard to find this nice of an office building at this price.

$695,000 - Spokane, WA

2923 N Hogan St Spokane, WA - The Hogan Apartments! Low-maintenance, value-add building with strong upside potential. The property includes six 1BD/1BA units, onsite laundry, and dedicated parking for each unit plus street parking. Competitive price point offered at $115,833/unit with a 6.34% cap rate, this asset outperforms market comps averaging $128,073/unit and a 6.07% cap rate. Stabilized Asset – With rents only 2.1% below market, this turnkey property is already cash flowing. Light renovations include: New flooring, paint, and windows across units, reducing upfront capital needs. Situated in the Logan neighborhood, residents benefit from quick access to Gonzaga Prep High School, Gonzaga University, Spokane Community College, Downtown Spokane, and major transit routes. Features like onsite laundry and dedicated parking for each unit boost tenant satisfaction and improve retention. Strong rental demand. The 1 BD/1BA layouts are ideal for singles, couples, & professionals, ensuring consistent occupancy and long-term stability.

$690,000 - Spokane, WA

11 E Rich Ave Spokane, WA - Turnkey Brick Triplex – 4,740 SQ FT on Nearly a Quarter Acre! This well-maintained investment property offers strong cash flow with $4,780/month in gross rents plus $255.95/month in tenant-paid utilities and benefit fees. The building includes two large 4-bed, 2-bath units and one spacious 2-bed, 1-bath unit, each with a finished basement and generous living space. Built-in soundproofing between units enhances tenant comfort. Kitchens feature breakfast bars and dining areas, and recent updates include fresh paint, tile, carpet, refinished hardwood floors, and gas furnaces and water heaters. Exterior features include three garages with openers, additional off-street parking, and a sprinkler system. Professional property management is in place, making this a truly turnkey opportunity. Pre-inspections are completed, and documents are available for investors to review before scheduling a showing—just ask for details.

Zip codes 99207 listings for sale

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