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$550,000
2205 N ATLANTIC St
Spokane, WA 99205
- Units
- 3
- Built
- 1902
- Size
- 3,583 sq ft
- On market
- 9 days
Cap rate~7.5%
Cash-on-cash~4.9%
Cash flow+$623
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Overview
Incredible investment opportunity on a corner lot in Spokane! Additional parcel included. This fully renovated and occupied triplex offers a gross rental income of $4,980, making it an attractive addition to any investment portfolio. Looking to expand? Explore the potential to convert the property into a fourplex, with the sewer line already replaced to accommodate future expansion. Whether you're growing your rental portfolio or seeking an opportunity to maximize income potential, this property is full of possibilities!
- 3
- Units
- $183,333
- Price per unit
- $154
- Price per sq ft
- 1902
- Year built
- 8,712 sq ft
- Lot
- 1
- Garage spaces
Facts & features
Interior
Units
- Total units: 3
Basement
- Partial, Finished
Heating
- Gas, Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Free-Standing Range, Dishwasher, Refrigerator, Microwave
Features
- Windows: Bay Window(s), Vinyl Frames
Interior area
- Total structure area: 3,583 sq ft
- Total interior livable area: 3,583 sq ft
Property
Parking
- Parking features: Detached, Off Site
- Garage spaces: 1
Features
- Stories: 2
- Patio & porch: Deck, Patio
- View description: Territorial
Lot
- Size: 8,712 sq ft
- Features: Fenced Yard, Cross Fncd, Treed, Level, Corner Lot
- Road frontage: City Street, Paved Road
Details
- Parcel number: 35074.1505
- Additional parcels included: Yes
- Additional parcels: 35074.1507
Construction
Type & style
- Home type: Residential Income
- Property subtype: Residential Income
- Structure type: One and a Half Story
Materials
- Stone Veneer, Vinyl Siding
- Roof: Composition
Condition
- Year built: 1902
- Effective year built: 2026
Community
Location
- Region: Spokane
Financial & listing details
- Price per unit: $183,333
- Price per square foot: $154/sqft
- Annual tax amount: $3,240
- Date on market: 10/23/2026
- Listing terms: Conventional, Cash
Price history
- Oct 23, 2026Listed for sale$550,000$183,333/unit
Purchase details
Purchase price$
Closing costs 2.5%−$
Repairs and remodel−$
Down payment%
Interest rateour standard rate%
PMI−$0
Unit 1Average of total rent$1,195Left blank$
Unit 2Average of total rent$2,000Left blank$
Unit 3Average of total rent$1,695Left blank$
Total$4,890Left blank$
Principal & interest−$2,794
Property tax 2026$270−$
InsuranceLeft blank−$
SewerNo spot on MLS−$
WaterLeft blank−$
GarbageNo spot on MLS−$
After mortgage and expenses$1,370
Reserves / Set aside
Vacancy%
Maintenance%
Capital repairs%
Management%
Set aside for vacancy and maintenance−$747
What is left
Cash left over each month+$623