3222-3224 N Madison St
Well-maintained 8-unit investment opportunity consisting of two 4-plexes on separate residential parcels, offering the possibility of residential financing with more favorable terms than typical commercial loans, subject to buyer’s lender. Each unit features a spacious 2 bed / 1 bath layout of approximately 1000 SF with washer/dryer hookups—larger than typical Spokane rentals—supporting strong tenant demand and retention. Property has been carefully self-managed with excellent upkeep and a stable tenant base with consistent payment history. Recent improvements include multiple newer water heaters and washer/dryer units. In-place rents provide solid cash flow with clear upside through light interior updates; comparable renovated units are achieving ~$1,450–$1,550/mo. One unit has been left intentionally vacant for owner-occupancy or immediate lease-up at market rent. A well-performing, stabilized asset with consistent operations and a straightforward value-add opportunity in a high-dema
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What's included
Appliances
- Free-Standing Range
- Refrigerator
Heating
- Ductless
Cooling
- Wall Unit(s)
Education
- Elementary
- Audubon
- Middle
- Glover
- High
- North Central
School assignments are as reported in the listing. Boundaries and enrollment can change — verify directly with the school district.
Costs of ownership
- Annual taxes
- $12,969
Run the payment
- Principal & interest
- —
- Property taxes
- —
- Insurance
- —
- HOA
- —
Fine-tune taxes, insurance & HOA
Estimates only — excludes PMI and utilities; your lender's numbers govern. Taxes prefilled from the listing record.
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3222-3224 N Madison St.
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Listing information provided courtesy of the Spokane Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use.
Information provided by Spokane Association of REALTORS®. Listings deemed reliable but not guaranteed. Buyer is responsible for verifying all material facts (square footage, lot size, zoning, school assignments, HOA dues, taxes). Not legal, tax, financial, or appraisal advice — consult the relevant professional.