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Priced at
$529,900
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Reduced
Schedule a Showing

1703 E Cataldo Ave

Spokane, WA 99202

8 bed
4 bath
3136 sqft
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About this home

Built in 1972 • $168/SqFt • 22 Days on market
Investor opportunity with immediate upside potential. This fourplex features four spacious 2 bed, 1 bath units, each offering approximately 784 square feet of living space. Currently 50% occupied, the property presents a value-add opportunity through lease-up and rent stabilization, making it an attractive option for investors seeking increased cash flow and long-term appreciation. Existing rents range from $1,045 to $1,097 per month, with potential to bring rents in line with current market rates. Recent maintenance and turnover improvements position the next owner to capitalize on increased occupancy and operational efficiency. Conveniently located near downtown Spokane, major employers, public transportation, shopping, dining, and everyday amenities. Ideal for investors looking to expand their portfolio or complete a 1031 exchange while adding a property with strong income potential and room for growth.
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Irina Peace

WA REALTOR®
22022075
(509) 981-0874
irina.peace@worksrealestate.co
Listing courtesy of Peter Enkema with Coldwell Banker Tomlinson
Additional Home Features
Cash
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Conventional Financing
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City View
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Lot Features
Sprinkler - Automatic,
Treed,
Corner Lot
View Desc
City,
Territorial
Financing Options
Conventional,
Cash
Heating / Cooling Info
Electric,
Baseboard,
Hot Water
Home Style
Architecture Style
Other
Exterior Features
Corner Lot
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Sprinkler System
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Exterior Material
Wood Siding
Roof
Composition
Construction
Wood Siding
Interior Features
Heat - Electric
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Exterior Construction
Wood
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Schools
Elementary School
Stevens
High School
North Central
Middle School
Yasuhara
School District
Spokane Dist 81
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