Financial
Electrical Expenses:   $3,051
Water/Sewer/Garbage:   $3,051
Insurance Expenses:   $807
Other Expenses:   $6,674
Total Expeses:   $20,403
Total Monthly Income:   $3,560
Net Operating Income:   $22,373
Gross Adjusted Income:   $42,776
Gross Scheduled Income:   $42,776
Cap Rate (NOI / Listing Price):   $5.26
Gross Rent Multiplier:   $10.00

Year Built:   1900
Effective Year Built:   1900
Effective Year Built Source:   Public Records
Building Condition:   Good
Number of Stories:   2
Roof:   See Remarks
Exterior:   Wood
Floor Covering:   See Remarks
Foundation:   See Remarks
Approx. Sq Ft:   2,214
Leased Items:   None

Lot Size:   5,742 Sq Ft
Lot Size Source:   County Assessor

Utilities
Energy Source:   Electric
Power Company:   Avista
Sewer Company:   City of Spokane
Water Company:   City of Spokane
Water Source:   Community

Parking
Number of Uncovered Parking Spaces:   5
Total Number of Parking Spaces:   5

Address:   1911 W 2nd Avenue, Spokane, WA 99201
City:   Spokane
State:   
Zip Code:   99201
Latitude:   47.65422200
Longitude:   -117.44076400
Driving Directions:   1911 W 2nd Ave, Spokane

Community Name:   Spokane
School District:   Spokane

County:   Spokane
Tax Number:   25241.2102
Zoning Jurisdiction:   City
Tax Amount:   $3,769   Tax amount may change after sale.
Tax Year:   2025

Listing Price:   $425,000
Potential Terms:   Cash Out, Conventional
3rd Party Approval Required:   None
Possession Allowed:   Closing
Preliminary Title Ordered:   Yes

Listing Number:   2373316
Listing Status:   Active
Listing Office:   Kidder Mathews
Listing Date:   2025-05-08
MLS Area:   Spokane County
Square Footage Source:   County Assessor
Lot Size Source:   County Assessor
Marketing Remarks:   Well-maintained, prime value-add opportunity. With the ability to acquire residential financing as an owner-user operator, investors can benefit from more favorable loan terms while capitalizing on a 28% rent increase as-is and up to 43% through renovations. Major system upgrades—including updated electrical panels, roof, and furnace—limit near-term capital expenditures. Located in one of Spokane’s most desirable neighborhoods, the property features ample on-site parking, excellent transit access, and potential for future development. Buyers can also scale their investment by acquiring the adjacent Oak and Espanola Annex properties, creating a unique 56-unit portfolio opportunity.

The information contained in this listing has not been verified by Katz Realty, Inc. and should be verified by the buyer.
* Cumulative days on market are days since current listing date.