$515,000
1308 W Nora Ave
Spokane, WA 99205
- Units
- 4
- Built
- 1909
- Size
- 3,082 sq ft
- On market
- 0 days
Cap rate~8.4%
Cash-on-cash~8.3%
Cash flow+$981
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Overview
- 4
- Units
- $128,750
- Price per unit
- $167
- Price per sq ft
- 1909
- Year built
- 5,663 sq ft
- Lot
- 1
- Garage spaces
Looking for a low maintenance investment? This completely remodeled fourplex is filled with tenants and ready for it's new owner! Charming property that rents easy and has been completely redone combining the original craftsman style charm with modern finishes. Plenty of parking both off street and with the wide roads as well as a detached garage that can be used to produce extra monthly income! Room for rent increases as well!
Facts & features
Interior
Units
- Total units: 4
Basement
- Partial, Finished
Heating
- Gas, Baseboard
Interior area
- Total structure area: 3,082 sq ft
- Total interior livable area: 3,082 sq ft
Property
Parking
- Parking features: Detached, Off Site
- Garage spaces: 1
Features
- Stories: 2
Lot
- Size: 5,663 sq ft
- Road frontage: Paved Road, City Street
Details
- Parcel number: 35073.5708
Construction
Type & style
- Home type: Residential Income
- Property subtype: Residential Income
- Structure type: One and a Half Story
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1909
- Effective year built: 2025
Community
Location
- Region: Spokane
Financial & listing details
- Price per unit: $128,750
- Price per square foot: $167/sqft
- Date on market: 10/19/2026
- Listing terms: FHA, VA Loan, Conventional, Cash
Price history
- Oct 19, 2026Listed for sale$515,000$128,750/unit
Purchase details
Purchase price$
Closing costs 2.5%−$
Repairs and remodel−$
Down payment%
Interest rateour standard rate%
PMI−$0
Unit 1$1,388$1,400$
Unit 2$1,388$1,400$
Unit 3$1,198$1,295$
Unit 4$1,198$1,400$
Total$5,172$5,495$
Principal & interest−$2,630
Property tax 2026Left blank−$
InsuranceLeft blank−$
SewerNo spot on MLS−$
WaterLeft blank−$
GarbageNo spot on MLS−$
After mortgage and expenses$1,805
Reserves / Set aside
Vacancy%
Maintenance%
Capital repairs%
Management%
Set aside for vacancy and maintenance−$824
What is left
Cash left over each month+$981