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$942,000

1627 W 7th Ave Spokane, WA 99204

$10,000
Closing credit¹
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5,120 sqft
0.2 acres
$184 / sqft
Multi-Family

Property details

About 1627 W 7th Ave

This well-maintained multi-unit property offers a total of 8 rental units, featuring 4 spacious 1-bedroom units, 2 comfortable 2-bedroom units, and 2 efficient studio apartments. With a monthly rental income of $8,573, this is a turnkey opportunity for investors seeking steady cash flow. Tenants enjoy the convenience of on-site laundry facilities, carport parking, and a durable brick exterior that adds both charm and low-maintenance appeal. Ideally located in the highly desirable South Hill neighborhood, just minutes from I-90, and within walking distance to restaurants, shopping, and parks. Whether you’re expanding your portfolio or looking for your first investment, this property combines location, income, and potential in one unbeatable package.

Highlights

Home typeMulti Family
HeatingElectric, Baseboard
StatusActive
(New)
Size5,120 sqft
Lot size0.16 Acres
Year built1956
ParkingCarport
MLS #202515424

Summary

  • MLS Number: 202515424
  • MLS Name: SARMLS
  • Office Name: LT Real Estate
  • Office Email: ryan@ltrealestateco.com
  • Listing Agent: Dallas Lightner

IDX Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2025 Spokane Association of REALTORS® MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/22/2025, 7:10:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Street view

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view of property featuring stairs

$942,000

1627 W 7th Ave

$10,000

closing credit¹

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Price information

Property sales

DateEventPrice
Apr 01, 2020
Home Sold
$610,000
May 17, 2007
Home Sold
$370,000
Feb 03, 2003
Home Sold
$170,000

Tax history

YearAssessmentProperty Tax
2024$761,100$7,432
2023$547,300$6,393
2022$547,300$6,393
2021$583,700$6,931
2020$378,550$4,669
2018$346,150$4,388
2017$341,450$4,811

History based on county public records data.

Nearby schools

5

Roosevelt Elementary School

Public District PK-5

1.1 mi

•

333 W 14th Ave

9

Wilson Elementary School

Public District KG-5

1.3 mi

•

911 W 25th Ave

2

Holmes Elementary School

Public District PK-5

1.5 mi

•

2600 W Sharp Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $16,369. The most common annual income of people living in Spokane, WA is less than $<35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

73%
<35k
27%
35k-100k
0%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

72%
Single, No Kids
14%
Single, with Kids
10%
Married, No Kids
4%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

11%
<11 yrs old
4%
12-17 yrs old
43%
18-34 yrs old
35%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • NBA/WNBANBA/WNBA
  • Pro WrestlingPro Wrestling
  • SoccerSoccer

Where do the neighbors shop?

  • Express/Express For MenExpress/Express For Men
  • BurlingtonBurlington
  • Forever 21Forever 21

Where do the neighbors go to eat?

  • StarbucksStarbucks
  • Cicis PizzaCicis Pizza
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • PontiacPontiac
  • MazdaMazda
  • BuickBuick

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • JazzJazz
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 1627 W 7th Ave in Spokane, WA and zip code 99204 in the Cliff / Cannon neighborhood. This 5,120 square foot home, which was built in 1956, sits on a 0.16 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since April 22, 2025 and is currently priced at $942,000.

Spokane, WA housing market in March 2025 saw over 89 listings sold above listed price, more than 74 sold at listed price and over 84 sold below. The number of homes for sale in Spokane, WA increased by 23% between February and March 2025. In March 2025, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $407,233.

From Rocket Homes Real Estate and based on county public records data.

More resources

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