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Dixie Simon

dixiesim@gmail.com +1(509) 385-4441

Listed by Jeff Hornberger • The Hornberger Group, LLC

$ 795,000

Est. payment -/mo

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1023-1025 W Knox Ave Spokane, WA 99205

3,696 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 3,696 sqft

Price per Sqft $215

MLS Listing ID 202617221

Year Built 2011

Annual Tax Amount $3,117

Lot Size 6,534 Sqft

Lot Dimensions 0.15

Property Sub-Type Residential Income

Property Description

Rare 4-unit investment opportunity featuring two separate duplexes on one lot, built in 2011 and 100% occupied. Each unit offers a functional two-story layout with living, kitchen, and dining on the main level, and 2 bedrooms, 1.5 bathrooms, and in-unit laundry upstairs—ideal for tenant privacy and retention. Interiors include LVP flooring on the main level, carpet upstairs, and hard surface countertops throughout. One bedroom in each unit features a walk-in closet and private en-suite. The property is fully xeriscaped with no grass, keeping maintenance low and expenses predictable. Financially, the property performs as a steady asset with rents averaging approximately $1,300–$1,400 per unit, generating ~$5,300+ monthly and ~$64,000+ annually. Tenants pay utilities, supporting strong operating efficiency. Built in 2013, this is a turnkey, low-maintenance opportunity with consistent occupancy and reliable cash flow.

Location

State WA

County Spokane

Rooms

Basement Crawl Space

Interior

Heating Electric, Ductless

Cooling Wall Unit(s)

Appliance Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer, Hard Surface Counters

Exterior

Parking Features None

Amenities Available None

View Y/N true

View Territorial

Roof Type Composition

Building

Lot Description Cross Fncd, Level, City Bus (w/in 6 blks)

Story 2

Structure Type Masonite

Schools

Elementary Schools Audubon

Middle Schools Glover

High Schools North Central

School District Spokane Dist 81

Others

Acceptable Financing FHA, VA Loan, Conventional, Cash

Listing Terms FHA, VA Loan, Conventional, Cash

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Phone

+1(509) 385-4441

dixiesim@gmail.com

Address

509 N Shamrock Rd, Spokane Valley ,, Washington, 99037, USA