$629,950

1823 S Grand Blvd

Spokane, WA 99203

Listed by Bryan Crabbe, REAL Broker LLC

Units
2
Built
1923
Size
2,240 sq ft
On market
138 days
Layout
stacked
Cap rate~7.0%
Cash-on-cash~1.3%
Cash flow+$183
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, our figure

Expenses

Principal & interest3,477
Property tax 2026⁠$542
Insurance⁠No spot on MLS
Sewer⁠In water
Water⁠$174 with sewer
Garbage⁠No spot on MLS
Gas⁠$249
Left over after mortgage and expenses1,038

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance855

What is left

Cash left over each month+$183

The units

UnitBedsBathsSq ftRent / moRentometerestimatedRentCastestimated
1211,120$1,900estimated Rentometer $1,555 · RentCast $1,470$1,555$1,470
2211,120$1,900estimated Rentometer $1,555 · RentCast $1,470$1,555$1,470
3211,120$1,900estimated Rentometer $1,555 · RentCast $1,470$1,555$1,470

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

This immaculate 1923 bungalow sits directly across from Manito Park, with Rockwood Bakery steps away. The main floor is a successful Airbnb, and the lower level is a fully furnished month to month rental. The property generated over $64,000 in 2025 ($3,440 average monthly for the Airbnb and $1,900 for the lower unit). Updated throughout and offered fully furnished, it’s a standout income property. The main floor features a formal living room with oak hardwoods and a marble faced fireplace, an oversized dining room with built in hutch, and an updated kitchen with white cabinetry, stainless appliances, and a gas range. Two bedrooms and one updated bath complete the level. The lower level is a private suite with its own entrance, full kitchen, full bath, two egress bedrooms, and a comfortable living/dining area—ideal for rental income or multigenerational living

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Listed by Bryan Crabbe, REAL Broker LLC · MLS# 202617409 · Active

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, 4:15:01 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.