Active

$430,000

For sale

2608 N••••• Madelia St (Sign up for 50 free credits to unlock)Spokane, WA 99207

8Beds

2Baths

3,456Sq Ft Living

6,599Sq Ft Lot

1977Year Built

Property Description

Fantastic opportunity to own a spacious North Spokane duplex with approximately 1,700 SF per unit. This property offers the size, comfort, and functionality of a single-family home with the income potential of multifamily ownership. One unit has been recently updated and is currently vacant, creating an immediate opportunity for an owner-occupant to move in while continuing to generate rental income from the neighboring unit. The setup may also provide access to multiple owner-occupied financing options. For investors, the property offers an approachable entry point into the Spokane multifamily market with just two highly manageable units and potential for continued rent growth. Located in an established North Spokane neighborhood just blocks from a brand-new middle school and other recent area improvements, the property also provides convenient access to retail, services, employment centers, and major transportation corridors. An excellent opportunity for a first-time investor, portfolio expansion, or buyer looking to offset housing costs through rental income.

Property Facts & Features

Property Type: Multi Family
Status: Active
Listed: Sep 21, 2026
Price per Sq Ft: $124/sqft
ZIP Code: 99207
Garage: 1 space
Parking: 1
Heating: Wall Furnace
Cooling: Wall Unit(S)
Construction: Brick, Brick
Property Tax (2026): $3,691/yr
Assessed Value: $352,000
Last Sold: $151,000 · Jan 10, 2008
Neighborhood: Logan
County: Spokane
School District: Spokane School District

Estimated Value

$426,000Range $295,274 to $548,367

Automated estimate. Not an appraisal.

Features & Amenities

Bedrooms

Bedrooms: 8

Land Info

Lot Size Acres: 0.1515
Lot Size Square Feet: 6600

Utilities

Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Public

Rental Info

Gross Scheduled Income: 38880
Leasable Area: 3400

Commercial Info

Net Operating Income: 30253
Operating Expense: 8627

Multi-Unit Info

Number of Units: 2
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 4
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Unit-1 Square Feet: 1700
Unit-2 Square Feet: 1700
Unit 1 Total Actual Rent: 1620

Interior Features

Flooring: Laminate, Wall to Wall Carpet

Garage and Parking

Covered Spaces: 1
Garage Spaces: 1
Open Parking: No
Parking Total: 3
Garage Sqft: 676

School Information

Elementary School: Buyer To Verify
High School: Buyer To Verify
High School District: Spokane
Middle School: Buyer To Verify
School District: Spokane

Heating and Cooling

Cooling Features: Wall Unit(s)
Heating Features: Wall Furnace
Heating Fuel: Electric
Heating: Yes
Number of Fireplaces: 0

Other Property Info

Annual Tax Amount: 3494
Source Listing Status: Active
County: Spokane
Cap Rate: 7.03
Directions: Turn north on N Madelia St from E Illinois Ave and the property will be on the east side of the road
Tax Year: 2026
Other Expense: 4463
Possible Use: Residential
Insurance Expense: 670
Area: 561 - Spokane County
List Development Name: Spokane
Source Neighborhood: Spokane
Parcel Number: 35092.3814
Subdivision: Spokane
Zoning Description: Residential

Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

Building and Construction

Year Built: 1977
Building Area Total: 3456
Building Area Units: Square Feet
Construction Materials: Brick, Brick
Foundation Details: Poured Concrete
Property Age: 49
Property Condition: Average
Roof: Composition
Building Total Stories: 1
Structure Type: Duplex
House Style: Duplex
Elevation Units: Feet
Year Built Effective: 1977

Price & Event History

Date	Event	Price	$/Sq Ft
Sep 21, 2026	Listed	$430,000	$124
Jan 13, 2008	Sold	$151,000	$44
Feb 24, 2000	Sold	$93,000	$54
Sep 12, 1991	Sold	$67,000	$39

Property Tax History

Year	Tax	Assessed	Land	Building	Market
2026	$3,691	$352,000	$65,000	$287,000	$352,000
2025	$3,494	$352,000	$65,000	$287,000	$352,000
2024	$3,517	$395,700	$65,000	$330,700	$395,700
2023	$3,870	$246,400	$33,000	$213,400	$246,400
2022	$2,884	$223,900	$33,000	$190,900	$223,900
2021	$2,665	$177,600	$33,000	$144,600	$177,600
2020	$2,196	$161,600	$25,000	$136,600	$161,600
2019	$1,934	$141,600	$20,000	$121,600	$141,600
2018	$1,972	$116,700	$20,000	$96,700	$116,700
2017	$1,597	$115,600	$20,000	$95,600	$115,600
2016	$1,617	$109,500	$20,000	$89,500	$109,500
2015	$1,565	$109,500	$20,000	$89,500	$109,500