$325,000

2224 N Park Rd

Spokane, WA 99212

Listed by Patrick Libey, Avalon 24 Real Estate

Units
2
Built
1935
Size
1,856 sq ft
On market
102 days
Cap rate~6.5%
Cash-on-cash~-0.5%
Cash flow−$36
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 & interest1,794
Property tax 2026⁠$342
Insurance⁠No spot on MLS
Sewer⁠Left blank
Water⁠Left blank
Garbage⁠No spot on MLS
Left over after mortgage and expenses414

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance450

What is left

Cash left over each month−$36

The units

UnitBedsBathsSq ftRent / mo
1211,856$1,500
2111,856$1,500

These 2 units add up to $3,000 a month. Those rents were confirmed with the listing agent.

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Price history

  1. Jun 19, 2026Listed for sale$325,000$162,500/unit

About the building

Unlock the potential of this Spokane Valley investment opportunity! Situated on a single parcel, this unique property features two separate homes, creating endless possibilities for investors, multi-generational living, or buyers looking to offset their mortgage through rental income. Each residence offers its own private entrance and dedicated living space, providing comfort, independence, and privacy for occupants. With a little vision and sweat equity, this property presents an incredible chance to build value while generating income. Conveniently located near shopping, dining, parks, and commuter routes, you'll enjoy easy access to everything Spokane Valley has to offer. Whether you're expanding your investment portfolio or searching for a versatile property with built-in income potential, opportunities like this don't come around often. Bring your ideas and discover the possibilities waiting here!

Where it is

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Look it up yourself

Listed by Patrick Libey, Avalon 24 Real Estate · MLS# 202619605 · 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.