3222 North Madison Street, Spokane, WA

About this property

This well-maintained two-building, 8-unit portfolio offers a rare combination of stability today with clear, achievable upside. Each unit is a 2 bed / 1 bath layout at approximately 900 sq ft—noticeably larger than many comparable units in the Spokane market—making them highly attractive to long-term tenants and helping support consistent occupancy. The property has been self-managed with a high level of care, resulting in zero delinquency and a strong tenant base. Current operations reflect steady performance, while still leaving room for a new owner to step in and capture additional value. Units are in solid, rent-ready condition, with the opportunity for light interior updates to push rents further. Comparable renovated units in the area are achieving $1,450–$1,550/month, providing a clear path to increased revenue without heavy repositioning. One unit will be delivered vacant at closing, giving flexibility for an owner-occupant or allowing a buyer to immediately implement their leasing strategy at market rent. Overall, this is a clean, straightforward asset—ideal for an investor looking for dependable cash flow with upside through thoughtful improvements rather than major renovation risk.

Property highlights

Building size

4,180 SF

Lot size

0.207 acres

Year built

1994

County

Spokane

Map position is based on listing coordinates. Confirm access, entrances, and boundaries with the listing team; the marker is not a parcel survey.