1119 W Augusta Ave, Spokane, WA 99205

• 4,309 sqft

Property Description

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

Listing Status:

Active

Data Last Updated:

August 5, 2026 at 10:17PM

Listing Office:

EXIT Real Estate Professionals : 907-301-9291

Listing Agent:

Jessica Morales : 907-301-9291

MLS ID:

202622104

Interior

• General: Hot WaterHigh Speed Internet
• Appliances: Gas RangeRefrigerator
• Basement: FullFinishedLaundry
• A/C: Window Unit(s)
• Heating: ElectricDuctless

Exterior

• Style: Colonial
• Parking: Off SiteAlley AccessParking spaces: 10

Construction

• Roofing: Composition
• General: Three Story

Location

• Road/Access: City StreetPaved Road
• HOA Amenities: Laundry
• Originating MLS: sarmls
• School District: Spokane Dist 81
• County: Spokane

Lot

• Zoning: 35073.4503

Utilities

• Utilities: Cable Available

Financial

• Source: sarmls