$10,000 Closing Credit¹
#202515408, Dallas Lightner, Listing Office: LT Real Estate
$942,000 List price
1627 W 7th Ave Spokane, WA 99204
$10,000
Closing credit¹
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
Size5,120 sqft
Lot size0.16 Acres
Year built1956
ParkingCarport
MLS #202515424
Summary
- Basement: No
- Attached Garage: No
- Parking: Carport
- Heating: Electric, Baseboard
- List Price: $942,000
- Price/SqFt: $183
- Annual Tax Amount: $7,432
- Tax Year: 2024
- Year Built: 1956
- Stories: 2
- Living Area: 5,120 SqFt
- Lot Size: 0.16 Acres
- MLS Number: 202515424
- MLS Name: SARMLS
- Office Name: LT Real Estate
- Office Email: ryan@ltrealestateco.com
- Listing Agent: Dallas Lightner
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.
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: 5/22/2025, 6:10:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$942,000
1627 W 7th Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 01, 2020 | Home Sold | $610,000 |
| May 17, 2007 | Home Sold | $370,000 |
| Feb 03, 2003 | Home Sold | $170,000 |
Tax history
| Year | Assessment | Property 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.
Neighborhood
The neighbors living near this home have an average income of $16,369. The majority of Spokane, WA residents have income less than $<35k annually. 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/WNBA
Pro Wrestling
Soccer
Where do the neighbors shop?
Express/Express For Men
Burlington
Forever 21
Where do the neighbors go to eat?
Starbucks
Cicis Pizza
Dominos Pizza
What do the neighbors drive?
Pontiac
Mazda
Buick
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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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.
Over 114 listings were sold over their listed price in April 2025 in Spokane, WA. In the same period over 63 listings were sold below the listed price and 107 listings were sold for the listed price. The inventory of homes for sale in Spokane, WA between March and April 2025 increased by 23.6%. Listings spent 27 days on the market in April 2025, and had a median list price of $407,615 during the same period.
From Rocket Homes Real Estate and based on county public records data.