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401 4th St
Davenport, WA 99122

Lincoln Area Rental

  • 3,087 Sqft
  • 0.34 Acre

$495,000

1 Month on market

MLS# 202610183

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

PROFITABLE 4-PLEX – 8.43% CAP RATE. This is a low-maintenance addition to any portfolio. Key capital improvements include updated electrical and individual gas or electric heat sources for all four units. Perfectly situated on a spacious corner lot, this property is just a short stroll from downtown Davenport and local schools. The home offers incredible versatility with a 2-car garage—ideal for supplemental rental income—plus RV and off-street parking. Residents can enjoy a vibrant outdoor lifestyle featuring an oversized green space, a community garden, and a cozy fire-pit. High-performing multi-family asset in Davenport, WA. CAP Rate based on verified 2025 expense data and $60,600 in gross annual income. (1) 2BR/2BA, (1) 2BR/1BA, and (2) 1BR/1BA. All units currently feature all-inclusive rents, providing a simplified management structure and a high demand "one bill" option for tenants. Showings are subject to an accepted offer to respect tenant privacy.

SqFt: 3,087
County: Lincoln
Year Built: 1900
Basement
  • Partially Finished
  • Laundry
  • Walk-Out Access
Kitchen / Appliances
  • Free-Standing Range
  • Refrigerator
Garage / Parking
  • Detached
  • RV Access/Parking
  • Off Site
  • Shared Driveway
Heating / Cooling
  • Natural Gas
  • Electric
  • Forced Air
Lot / Information
  • Treed
  • Corner Lot
  • City Bus (w/in 6 blks)
  • Oversized Lot
  • Fencing
Features
  • Breakers
Roof
  • Composition

Office Details
John L Scott, Inc.  —  (509) 455-8600

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 2/19/2026, 12:59 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.