$1,050,000

1818 W 8th Ave

Spokane, WA 99204

Listed by Dallas Lightner, LT Real Estate

Pending
Units
10
Built
1910
Size
10,548 sq ft
On market
280 days
Cap rate~8.9%
Cash-on-cash~8.4%
Cash flow+$2,011
Aaron Beal

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Purchase details

Purchase price
Closing costs 2.5%
Repairs and remodel

Loan details

Down payment
Interest rateour standard rate

Rents

Rents coming in⁠not on the MLS, confirmed with the listing agent

Expenses

Principal & interest5,795
Property tax 2026⁠Left blank
Insurance⁠No spot on MLS
Sewer⁠Left blank
Water⁠Left blank
Garbage⁠No spot on MLS
Left over after mortgage and expenses3,818

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance1,807

What is left

Cash left over each month+$2,011

The units

UnitBedsBathsSq ftRent / moRentometerestimatedRentCastestimated
111650$1,100estimated Rentometer $1,098 · RentCast $1,030$1,098$1,030
211650$1,100estimated Rentometer $1,098 · RentCast $1,030$1,098$1,030
311650$1,100estimated Rentometer $1,098 · RentCast $1,030$1,098$1,030
411650$1,100estimated Rentometer $1,098 · RentCast $1,030$1,098$1,030
511650$1,100estimated Rentometer $1,098 · RentCast $1,030$1,098$1,030
611650$1,100estimated Rentometer $1,098 · RentCast $1,030$1,098$1,030
711650$1,100estimated Rentometer $1,098 · RentCast $1,030$1,098$1,030
811650$1,100estimated Rentometer $1,098 · RentCast $1,030$1,098$1,030
9311,090$1,624estimated Rentometer $1,615 · RentCast $1,480$1,615$1,480
10311,090$1,624estimated Rentometer $1,615 · RentCast $1,480$1,615$1,480

These 10 units add up to $12,048 a month. Those rents were confirmed with the listing agent.

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Price history

  1. Apr 21, 2025Listed for sale$1,465,214$146,521/unit

About the building

Welcome to a prime investment opportunity in a highly desirable location, featuring a well-maintained multi-unit property with architectural charm and consistent cash flow. This income-generating asset includes eight one-bedroom units and two spacious three-bedroom units, and seven garages. Tenants enjoy the convenience of on-site laundry facilities, while seven individual garages provide additional revenue potential and added value. Several units have been recently updated, blending modern finishes with the building’s timeless character, making them especially appealing to renters seeking both comfort and charm. Located within walking distance to popular restaurants, shopping destinations, and local parks, this property offers the ideal mix of lifestyle and location. Whether you're a seasoned investor or looking to expand your portfolio with a dependable, high-performing asset, this property stands out as a rare opportunity in a sought-after area.

Where it is

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Listed by Dallas Lightner, LT Real Estate · MLS# 202515372 · Pending

Cap rate, cash flow and cash-on-cash are Beal Estate NW’s own analysis, not MLS data — they follow the financing assumptions shown on this page, and they are not a valuation of the property and not investment advice. Talk to your lender, your accountant and your own advisers before you rely on any of it. MLS GridListings courtesy of Spokane REALTORS® as distributed by MLS Grid. Based on information submitted to the MLS GRID as of 9/29/2026, 3:45:00 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. Listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing; any other use or search of the data on this site is prohibited. Deemed reliable but not guaranteed accurate by MLS Grid. Verify everything before you write an offer. Report a copyright problem.