$830,500

1119 W Augusta Ave

Spokane, WA 99205

Listed by Jessica Morales, EXIT Real Estate Professionals

Units
8
Built
1905
Size
4,309 sq ft
On market
56 days
Cap rate~7.5%
Cash-on-cash~3.2%
Cash flow+$603
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 & interest4,583
Property tax 2026⁠$602
Insurance⁠No spot on MLS
Sewer⁠Left blank
Water⁠Left blank
Garbage⁠No spot on MLS
Left over after mortgage and expenses1,796

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance1,193

What is left

Cash left over each month+$603

The units

UnitBedsBathsSq ftRent / moRentometerestimatedRentCastestimated
111330$1,000estimated Rentometer $1,196 · RentCast $890$1,196$890
211330$1,000estimated Rentometer $1,196 · RentCast $890$1,196$890
311330$1,000estimated Rentometer $1,196 · RentCast $890$1,196$890
411330$1,000estimated Rentometer $1,196 · RentCast $890$1,196$890
511330$1,000estimated Rentometer $1,196 · RentCast $890$1,196$890
611330$1,000estimated Rentometer $1,196 · RentCast $890$1,196$890
711330$1,000estimated Rentometer $1,196 · RentCast $890$1,196$890
801300$950estimated Rentometer $1,206 · RentCast $870$1,206$870

These 8 units add up to $7,950 a month. Those rents were confirmed with the listing agent.

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Price history

  1. Aug 4, 2026Listed for sale$830,500$103,813/unit

About the building

High-Yield Multifamily Opportunity in Spokane! This fully renovated 8-unit apartment building offers investors an exceptional 9.66% CAP Rate in a high-demand rental market. Every unit has been updated, significantly reducing immediate capital expenditure risk and supporting a "turn-key" ownership experience. The property’s desirability is proven by its recent performance. Introducing a turnkey fully renovated, centrally located 8-unit multi-family nestled in the heart of Spokane. This historic property exudes old-world charm and presents an attravtive investment opportunity. With alley access , there's ample off-street parking, a significant asset in any urban setting. A shared laundry facility adds conveniece for residence and separately metered units allow for straightforward utility management. Its proximity to downtown and Kendall Yards makes it an attractive choice for those desiging central, vibrant living. Don't miss this opportunity to invest in a piece of Spokane's history with excellent return

Where it is

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Listed by Jessica Morales, EXIT Real Estate Professionals · MLS# 202622104 · 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.