$995,000

2003 W 10th Ave

Spokane, WA 99204

Listed by Ryan Towner, LT Real Estate

Pending
Units
10
Built
1900
On market
6 days
Cap rate~8.2%
Cash-on-cash~5.6%
Cash flow+$1,287
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 & interest5,491
Property tax 2026⁠Left blank
Insurance⁠No spot on MLS
Sewer⁠Left blank
Water⁠Left blank
Garbage⁠No spot on MLS
Left over after mortgage and expenses2,871

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance1,584

What is left

Cash left over each month+$1,287

The units

UnitBedsBathsSq ftRent / moRentometerestimatedRentCastestimated
111600$950estimated Rentometer $1,231 · RentCast $1,020$1,231$1,020
211600$950estimated Rentometer $1,231 · RentCast $1,020$1,231$1,020
311600$950estimated Rentometer $1,231 · RentCast $1,020$1,231$1,020
411600$950estimated Rentometer $1,231 · RentCast $1,020$1,231$1,020
511600$950estimated Rentometer $1,231 · RentCast $1,020$1,231$1,020
611600$950estimated Rentometer $1,231 · RentCast $1,020$1,231$1,020
711600$950estimated Rentometer $1,231 · RentCast $1,020$1,231$1,020
811600$950estimated Rentometer $1,231 · RentCast $1,020$1,231$1,020
911600$950estimated Rentometer $1,231 · RentCast $1,020$1,231$1,020
10311,200$2,009estimated Rentometer $1,596 · RentCast $1,550$1,596$1,550

These 10 units add up to $10,559 a month. Those rents were confirmed with the listing agent.

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Price history

  1. May 29, 2026Listed for sale$995,000$99,500/unit

About the building

A rare opportunity to acquire two well-maintained income-producing properties totaling 10 units in one of Spokane’s most desirable neighborhoods. Both properties feature a blend of historic character and modern updates, with many units renovated while preserving timeless architectural details such as natural woodwork, hardwood floors, high ceilings, and classic craftsmanship. Tenants benefit from desirable amenities including on-site laundry facilities, off-street parking and detached garages. Ideally situated in the heart of Spokane’s South Hill, the properties are within walking distance of parks, restaurants, coffee shops, shopping, and neighborhood amenities, while offering quick access to I-90 and downtown Spokane. The portfolio's generous lot sizes and strong rental demand create opportunities for future value-add improvements.

Where it is

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Listed by Ryan Towner, LT Real Estate · MLS# 202618305 · 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.