$835,000

2626 N Hemlock St

Spokane, WA 99205

Listed by James Orcutt, NAI Black

Units
8
Built
1958
Size
3,360 sq ft
On market
132 days
Cap rate~5.4%
Cash-on-cash~-4.5%
Cash flow−$859
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 & interest4,608
Property tax 2026⁠$491
Insurance⁠No spot on MLS
Sewer⁠In water
Water⁠$700 with sewer
Garbage⁠No spot on MLS
Left over after mortgage and expenses116

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance975

What is left

Cash left over each month−$859

The units

UnitBedsBathsSq ftRent / mo
111450$850
211450$850
311450$850
411450$850
511450$850
611450$750
711450$750
811450$750

These 8 units add up to $6,500 a month. Those rents were posted in the MLS by the listing agent.

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Price history

  1. May 20, 2026Listed for sale$885,000$110,625/unit

About the building

Audubon Park area. Eight unit apartments. All one bedrooms in excellent condition. Ample off street parking, common laundry, fully irrigated, professionally maintained great property! Call listing agent for more details. Owner is a licensed real estate broker in Washington State

Where it is

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Listed by James Orcutt, NAI Black · MLS# 202618093 · 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, 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.