Matt Stewart
BEDS0
BATHS
SQUARE FEET9,372
MLS#202523584
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSpokane Dist 81
Property Description
Cedar Terrace Apartments presents an excellent investment opportunity with a strong mix of one- and two-bedroom units and consistent rental income. The property features eight spacious one-bedroom, one-bath apartments and five two-bedroom, one-bath apartments, collectively generating $14,917 per month in rental income. Residents enjoy convenient amenities, including an on-site laundry facility, with many units also offering the added benefit of in-unit washer and dryer setups. The beautifully landscaped grounds create an inviting atmosphere that enhances curb appeal and tenant satisfaction. Ideally located near restaurants, shopping, I-90, and downtown Spokane, Cedar Terrace combines accessibility with a comfortable living environment, making it a desirable option for both investors and tenants.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Finished, Laundry
Basement: Yes
Lot Size: 0.28 Acres
Roof Type: Composition
Stories: 2.0
Year Built: 1962
Feature Descriptions
Association Amenities: Laundry, Storage
Days on Site: 179
Exterior: Stone, Wood Siding
Heating/Cooling: Electric, Baseboard, Ductless
Parcel#: 25244.4001
Parking: Off Site
SQ. FT. Total: 9372
Local Schools
High School: Lewis & Clark
Middle School: Sacajawea
Elementary School: Roosevelt
School District: Spokane Dist 81
Listed By / Shown By
Listed By
Agency Name: LT Real Estate
Shown By
Agent Name: Matt Stewart
Agent Phone: (509) 919-0290
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 4,279.30 per month $3,783.46 Principal & Interest $0.00 Property Tax (data not provided by mls) $495.83 Homeowner's InsuranceChange Payment Information
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1405 W 8th Ave | MLS# 202523584
This multi-family property located at 1405 W 8th Ave, Spokane, WA 99204 is currently listed for sale with an asking price of $1,700,000. W 8th Ave is located within the Spokane Dist 81 school district. Search Spokane real estate on mstewart.cbspokane.com today.