$988,500

2516 N Nevada St Unit 2518 2520, 2522, 2524, 2526, 2530, 2532, 2534 Spokane, WA 99207

$10,000
Closing credit¹
5,850 sqft
0.5 acres
$169 / sqft
Multi-Family

Property details

About 2516 N Nevada St Unit 2518 2520, 2522, 2524, 2526, 2530, 2532, 2534

INVESTORS should be interested in this 9-UNIT INCOME PROPERTY. Location is everything and this property is one mile or less from Gonzaga University, grocery stores, restaurants, pubs, parks, Centennial Trail, and more. This property consists of three side-by-side buildings, each with 3 units; and each with two 2 bedrooms and 1 bathroom and one 1 bedroom and 1 bathroom configurations. Each unit has its own unique floor plan. Most units have been refreshed with the changeover of tenants. There are three 3-car carports with newer roofs. And in March 2025 all three buildings’ exteriors were refurbished and painted including adding a no-slip surface applied on the painted stairs. All 9 units are occupied. Monthly Gross Rents are $10,215. Owner pays Electricity & Gas ($199/mo); Water, Sewer & Garbage ($707/mo). New property management as of 1/1/25 have had a very positive impact on this property’s operations and profitability. These three buildings may also be sold individually for $333,000 each.

Highlights

Home typeMulti Family
HeatingElectric, Baseboard
StatusActive
Size5,850 sqft
BasementYes
Lot size0.46 Acres
Year built1937
ParkingCarport, Off Site
MLS #202514751

Virtual tour

Summary

  • MLS Number: 202514751
  • MLS Name: SARMLS
  • Office Name: Keller Williams Spokane - Main
  • Office Email: firmbroker@kwspokane.com
  • Listing Agent: Rich King

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: 4/18/2025, 2:55:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of home's exterior with a lawn

$988,500

2516 N Nevada St Unit 2518 2520, 2522, 2524, 2526, 2530, 2532, 2534

$10,000

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

1

Logan Elementary School

Public District PK-5

0.1 mi

1001 E Montgomery Ave

3

Longfellow Elementary School

Public District PK-5

0.7 mi

800 E Providence Ave

2

Stevens Elementary School

Public District PK-5

0.8 mi

1717 E Sinto 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 $32,183. The most common annual income of people living in Spokane, WA is less than $<35k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

53%
<35k
38%
35k-100k
7%
100k-200k
2%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

53%
Single, No Kids
17%
Single, with Kids
16%
Married, No Kids
14%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
8%
12-17 yrs old
38%
18-34 yrs old
33%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • SoccerSoccer
  • Horse RacesHorse Races
  • College BasketballCollege Basketball

Where do the neighbors shop?

  • Forever 21Forever 21
  • Stein MartStein Mart
  • DillardsDillards

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • LongHorn SteakhouseLongHorn Steakhouse
  • Logan's RoadhouseLogan's Roadhouse

What do the neighbors drive?

  • MazdaMazda
  • BuickBuick
  • HyundaiHyundai

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Contemporary InspirationalContemporary Inspirational
  • RockRock
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 2516 N Nevada St Unit 2518 2520, 2522, 2524, 2526, 2530, 2532, 2534 in Spokane, WA and zip code 99207 in the Wolverton Conlans neighborhood. This 5,850 square foot home, which was built in 1937, sits on a 0.46 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since April 10, 2025 and is currently priced at $988,500.

In March 2025 more than 89 listings in Spokane, WA were sold above the asking price. During the same period more than 74 listings were sold at asking price, while more than 84 were sold below. The number of listings 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.

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