$285,000

1111 W Providence Ave

Spokane, WA 99205

Listed by Luke Mischke, Coldwell Banker Tomlinson

Pending
Units
2
Built
1970
On market
101 days
Cap rate~4.5%
Cash-on-cash~-7.6%
Cash flow−$499
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 & interest1,573
Property tax 2026⁠$265
Insurance⁠No spot on MLS
Sewer⁠Left blank
Water⁠Left blank
Garbage⁠No spot on MLS
Electric⁠No spot on MLS
Lawn & snow⁠No spot on MLS
Left over after mortgage and expenses161

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance338

What is left

Cash left over each month−$499

The units

UnitBedsBathsSq ftRent / mo
121900$1,250
221900$1,000
321900$1,000

This rent roll is partial. The listing reports rent on 3 of 2 units, so the rents above do not add up to the building.

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About the building

Investor opportunity in the Garland District! Fully leased duplex with gross monthly rent of $2,250/month and an annualized NOI of approximately $19,847. Each 900 sq. ft. unit offers 2 bedrooms, 1 bathroom, in-unit laundry, full kitchen, oversized primary bedroom with double closets, dedicated carport, and private storage. Numerous updates have already been completed, including a reroof in 2016, updated flooring, paint, and appliances in select units. Alley access, off-street parking, and shared green space provide added tenant appeal. Just one block from the Garland District, tenants enjoy convenient access to restaurants, shopping, entertainment, parks, and public transportation, supporting strong long-term rental demand and future upside.

Where it is

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Listed by Luke Mischke, Coldwell Banker Tomlinson · MLS# 202617382 · 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.