520 E Wabash Avenue, Spokane, WA 99207 | MLS #NWM2520728

Listing provided courtesy of The Paragon GroupNWMLSMLS# NWM2520728

8.5% In-Place Cap Rate | $3,800/Month Rental Income | Low $500/Month Operating Expenses | Rare 8 Bed Duplex North Spokane duplex generating $3,800 per month in rental income with long-term tenants paying $1,900 per unit. Rarely do duplexes offer two oversized 4 bedroom, 2 bathroom units, creating strong tenant demand and long-term rental stability. With approximately $500 per month in operating expenses and a projected 9% cash-on-cash return, this property delivers strong returns from day one. Additional upside exists through cosmetic improvements, exterior updates, and future rent growth. Conveniently located near schools, shopping, services, and major Spokane corridors, this is a strong value-add opportunity with stable income and multiple paths to future appreciation.

Source: NWMLS, MLS#: NWM2520728

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Property Type

Residential Income
Lot

0.12 acres

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Median Age

32
Population Density

5,632
College Educated

28%
Estimated Median Income

$42,913
Estimated Total Home Owners

6,253
Estimated Total Renters

6,370
Owner / Renter Divide

50% / 50%
Estimated Average Household Size

2
Total Population

31,020
Community data courtesy of LiveBy, Inc.

Owning this Home

Estimated Monthly Cost

Price

Down Payment

$ %

Loan Length (years)

Interest Rate

* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 520 E Wabash Avenue

Schools

School data courtesy of LiveBy, Inc.

Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date	Event	Value	Agent
6/15/2026Source: NWMLS	Price Reduction	$475,000 -5.0%
5/8/2026Source: NWMLS	Added to Database	May 08, 2026