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Brownes Addition Triplex
On the Market
Price: $320,000
Offers Date: Reviewed upon receipt. Offer review date TBA
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Property Details
Opportunity
This offering presents a rare opportunity to invest in a well-located, value-add multifamily property in Spokane’s coveted Brownes Addition neighborhood. With strong rental demand and significant upside potential through strategic renovations, this property is ideal for investors seeking steady income and long-term growth.
Location: Situated in the highly desired Brownes Addition neighborhood in Spokane, near hospitals, restaurants, shopping, job centers, and more.
Value-Add Opportunity: Potential to increase rents with renovations. The property qualifies for residential financing, presenting opportunities for both owner-users and investors.
Well-Maintained Buildings: Roof was replaced in 2020, ensuring reduced maintenance costs.
Strong Rental Market: Spokane has a thriving rental market with consistent year-over-year rent growth. Brownes Addition’s proximity to amenities enhances its rental appeal.
Location
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About the Area
Brownes Addition, one of Spokane’s most coveted neighborhoods, offers an exceptional blend of urban convenience and historical charm. The Duplex and Triplex at 1908 & 1914 W 3rd Ave are ideally situated close to downtown Spokane, providing easy access to an array of amenities including restaurants, shopping centers, hospitals, and job centers. The neighborhood is known for its beautiful parks, like Coeur D’Alene Park, and is within walking distance to public transportation, making commuting hassle-free. Additionally, residents enjoy proximity to cultural and recreational attractions such as the Spokane Arena, Gonzaga Basketball, and various street markets. This vibrant area attracts a diverse population, driven by Spokane’s growing economy and high quality of life, making it a highly desirable location for both renters and investors.
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