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805 W Alice Ave
Spokane, WA 99205

Spokane Area Rental

  • 5,820 Sqft
  • 0.21 Acre

$659,950

1 Week on market

MLS# 202617223

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

Well-maintained 5-unit investment property (3 two-bedroom units and 2 one-bedroom units) with space for an optional 6th unit, offering strong in-place income and clear upside potential. Current operations show approx. $66,554 in annual gross income and ~$47,740 NOI, with low expenses around $18,800/year. Durable brick exterior and recently replaced roof help minimize future capital expenditures. One unit has been fully updated, while the remaining units offer a mix of hardwood floors and functional layouts with room for additional value-add improvements. Property features both off-street and on-street parking, including a large covered carport, along with a community coin-operated laundry room providing additional income. Low-maintenance lot with a small shared yard space for tenant enjoyment. Currently 100% occupied with strong rental demand, making this a solid opportunity for investors seeking stable cash flow with future growth potential.

SqFt: 5,820
County: Spokane
Year Built: 1961
Basement
  • Full
  • Partially Finished
  • See Remarks
Kitchen / Appliances
  • Free-Standing Range
  • Dishwasher
  • Refrigerator
  • Washer
  • Dryer
Garage / Parking
  • Carport
  • Off Site
Heating / Cooling
  • Natural Gas
  • Hot Water
Lot / Information
  • Cross Fncd
  • Sprinkler - Automatic
Features
  • Breakers
Roof
  • Composition

Office Details
The Hornberger Group, LLC  —  (509) 994-5007

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 5/19/2026, 12:22 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.