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1405 W 8th Ave
Spokane, WA 99204

Spokane Area Rental

  • 9,372 Sqft
  • 0.28 Acre

$1,742,000

2 Weeks on market

MLS# 202523584

Listing courtesy of Spokane Association of REALTORS MLS as distributed by MLS GRID.

Cedar Terrace Apartments presents an excellent investment opportunity with a strong mix of one- and two-bedroom units and consistent rental income. The property features eight spacious one-bedroom, one-bath apartments and five two-bedroom, one-bath apartments, collectively generating $14,776 per month in rental income. Residents enjoy convenient amenities, including an on-site laundry facility, with many units also offering the added benefit of in-unit washer and dryer setups. The beautifully landscaped grounds create an inviting atmosphere that enhances curb appeal and tenant satisfaction. Ideally located near restaurants, shopping, I-90, and downtown Spokane, Cedar Terrace combines accessibility with a comfortable living environment, making it a desirable option for both investors and tenants.

SqFt: 9,372
County: Spokane
Year Built: 1962
Basement
  • Full
  • Finished
  • Laundry
Garage / Parking
  • Off Site
Heating / Cooling
  • Electric
  • Baseboard
  • Ductless
Roof
  • Composition

Office Details
LT Real Estate  —  509-481-0373

Broker Reciprocity MLS Disclaimer: Copyright of the Spokane Association of REALTORS MLS. All rights reserved. Listing information deemed reliable but not guaranteed.

IDX listing information is provided exclusively for consumers’ personal, noncommercial use. All other uses are strictly prohibited. The listing information displayed herein is based on information submitted to the MLS GRID as of 9/12/2025, 12:24 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.