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4822 N Nelson ST Spokane, WA 99217
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Key Details
Sold Price $1,850,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Spokane
MLS Listing ID 2339949
Sold Date 05/19/25
Style 56 - 10+ Units
Bedrooms 31
Year Built 1973
Annual Tax Amount $19,310
Lot Size 0.482 Acres
Property Sub-Type Multi Family
Property Description
This 21-unit complex at 2824 E Wabash Ave and 4822 N Nelson St in Spokane offers an excellent investment opportunity. Priced at $2.1M, it's well below market value, creating immediate equity potential. Comparable properties in the area have sold for $140,000–$175,000 per unit, making this an attractive deal. The complex features updated units with modern flooring, appliances, and fresh paint, while still allowing room for further improvements. With Spokane's growing economy and rental demand, a new owner can enhance operations, raise rents, and increase NOI. This is a rare chance for significant upside in a thriving market.
Location
State WA
County Spokane
Area 561 - Spokane County
Interior
Interior Features Laminate
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Metal/Vinyl, Wood Products
Amenities Available Deck
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Spokane
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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