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Henry Fusaro

henry@teambrownrealty.com +1(208) 818-1998

Listed by Holly Stockton • eXp Realty, LLC

$ 395,000

Est. payment -/mo

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Active

1307 E Mission Ave Spokane, WA 99202

2,053 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 2,053 sqft

Price per Sqft $192

MLS Listing ID 202614654

Style Ranch

Year Built 1960

Annual Tax Amount $3,200

Lot Size 8,712 Sqft

Lot Dimensions 0.2

Property Sub-Type Residential Income

Property Description

Directly across from Mission Park and just steps from Gonzaga University, this classic brick investment property sits in one of Spokane's most consistent and in-demand rental locations. With campus, recreation, and neighborhood amenities all within easy reach, it's ideally positioned for long-term tenant appeal. The home offers a functional six-bedroom layout with three bedrooms upstairs and three downstairs—well-suited for student housing or shared living. Solid brick construction adds lasting durability and timeless character, while the unbeatable proximity to Gonzaga ensures strong, reliable demand year after year. Currently leased through May 2027 at $3,000 per month, this is a true turnkey investment with immediate income. Tenants pay all utilities and landscaping, contributing to a low-maintenance ownership experience, and a strong 7.1% cap rate. An exceptional opportunity to own a stable, income-producing property just moments from Gonzaga's campus.

Location

State WA

County Spokane

Rooms

Basement Full, Finished, Rec/Family Area

Interior

Heating Natural Gas, Forced Air

Cooling Central Air

Fireplaces Type Masonry

Appliance Free-Standing Range, Refrigerator, Washer, Dryer

Exterior

Parking Features Detached, Off Site, Alley Access

Garage Spaces 2.0

Amenities Available None

View Y/N true

View Park/Greenbelt

Roof Type Composition

Building

Lot Description Fencing, Sprinkler - Automatic, Level, Corner Lot, City Bus (w/in 6 blks)

Architectural Style Ranch

Structure Type Brick

Schools

Elementary Schools Logan

Middle Schools Yasuhara

High Schools North Central

School District Spokane Dist 81

Others

Acceptable Financing FHA, VA Loan, Conventional, Cash

Listing Terms FHA, VA Loan, Conventional, Cash

Henry Fusaro

Agent | License ID: 57168

+1(208) 818-1998

Henry Fusaro

1307 E Mission Ave Spokane, WA 99202

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1307 E Mission Ave