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1405 W 8th Ave

Spokane, WA 99204
  • $1,700,000
  • STATUS: Active
  • ON SITE: 155 Days
  • ID#: 202523584
UPDATED: 59 min ago
$1,700,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,372
    SQFT
  • $181
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Cedar Terrace Apartments presents an excellent investment opportunity with a strong mix of one- and two-bedroom units and consistent rental income. The property features eight spacious one-bedroom, one-bath apartments and five two-bedroom, one-bath apartments, collectively generating $14,917 per month in rental income. Residents enjoy convenient amenities, including an on-site laundry facility, with many units also offering the added benefit of in-unit washer and dryer setups. The beautifully landscaped grounds create an inviting atmosphere that enhances curb appeal and tenant satisfaction. Ideally located near restaurants, shopping, I-90, and downtown Spokane, Cedar Terrace combines accessibility with a comfortable living environment, making it a desirable option for both investors and tenants.

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© 2026 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2026-02-08T09:20:32.373.
www.theleearnoldteam.com/homes/167669826
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1405 W 8th Ave Spokane, WA 99204

  • Price: $1,700,000
  • Status: Active
  • On Site: 155 Days
  • Updated: 59 min ago
  • ID#: 202523584
0
Beds
0
Baths
0
½ Baths
0.28
Acres
9,372
SQFT
$181
$/SQFT
1962
Built
Neighborhood:
A220/040
County:
Spokane
Area:
A220/040
Elementary School:
Roosevelt
Middle School:
Sacajawea
High School:
Lewis & Clark
School District:
Spokane Dist 81
Property Description
Cedar Terrace Apartments presents an excellent investment opportunity with a strong mix of one- and two-bedroom units and consistent rental income. The property features eight spacious one-bedroom, one-bath apartments and five two-bedroom, one-bath apartments, collectively generating $14,917 per month in rental income. Residents enjoy convenient amenities, including an on-site laundry facility, with many units also offering the added benefit of in-unit washer and dryer setups. The beautifully landscaped grounds create an inviting atmosphere that enhances curb appeal and tenant satisfaction. Ideally located near restaurants, shopping, I-90, and downtown Spokane, Cedar Terrace combines accessibility with a comfortable living environment, making it a desirable option for both investors and tenants.
Exterior Features

Construction Materials StoneWood Siding Parking Features Off Site Road Frontage Type City StreetPaved Road Roof Composition

Interior Features

Basement FullFinishedLaundry Basement YN Yes Heating ElectricBaseboardDuctless

Property Features

Association Amenities LaundryStorage Building Area Total 9372 Listing Terms ConventionalCashCommercial Lot Size Length 142 Property Sub Type Rental Structure Type Two Story

Listing provided courtesy of LT Real Estate: .


© 2026 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2026-02-08T09:20:32.373.
 
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The Lee Arnold Team and Keller Williams
799 S Stevens St.
Spokane WA, 99204-2654