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864 S Sherman St
Spokane, WA 99202

Spokane Area Rental

  • 1,050 Sqft
  • 0.16 Acre

$325,000

1 Month on market

MLS# 202527958

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

ATTENTION INVESTORS: DUPLEX NEAR HOSPITALS AND PERRY DISTRICT. Start with or add this cash flowing rental property to your portfolio. Both units are 1BR/1BA with 525 sqft (1,050 sqft total). Both in good condition. Almost 100% occupied since Dec 2021. Solid tenants. Rents are currently $900 & $1,020 per month. Tenants pay Water/Sewer/Garbage. 2025 Gross Operating Income was $24,370.78; Total Operating Expenses were $4,281.91; Net Operating Income was $20,088.87, which at the current list price puts the Cap Rate at 6.181%.

SqFt: 1,050
County: Spokane
Year Built: 1930
Basement
  • None
Kitchen / Appliances
  • Free-Standing Range
  • Refrigerator
  • Microwave
Garage / Parking
  • Off Site
Heating / Cooling
  • Natural Gas
  • Forced Air
Outbuildings
  • Stge Shd
Lot / Information
  • Treed
  • Level
  • Corner Lot
  • City Bus (w/in 6 blks)
  • Oversized Lot
  • Fencing
Features
  • Breakers
Roof
  • Composition

Office Details
Keller Williams Spokane - Main  —  (509) 458-4000

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 1/22/2026, 2:43 PM. 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.