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About the Listing 9633 - 84629
Excellent investment opportunity in the growing community of Ritzville! Originally constructed in 1950, this income-producing property has undergone extensive updates and now features 8 studio apartments, 1 one-bedroom unit with a full kitchen, 2 two-bedroom units with full kitchens, and a remodeled office space. Recent improvements include fresh exterior paint, the addition of a coin-operated laundry facility, and a brand-new roof installed in 2025. Each studio unit is equipped with a private bathroom, hot plate, microwave, and compact refrigerator, providing comfortable and efficient living accommodations. Two additional studio units are ready for renovation, offering significant upside potential and the opportunity to increase the property to a total of 11 income-producing units. Whether you're looking to expand your portfolio or enter the multifamily market, this property offers both immediate cash flow and value-add potential.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Wall Unit(s),Window Unit(s)
- Heating: Baseboard,Wall Furnace
- Fireplaces: 0
- Floor: Laminate,Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Ritzville
Exterior Details
- Lot Description: Zoning: Commercial,Multi-Family
- Garage Capacity: N/A
- Zoning: Commercial,Multi-Family
- Roof: Composition
- Others: Metal/Vinyl,Wood,Fair
- Sewer: City of Ritzville
Financial Details
- Tax Amount: $3,465
- Taxes w/Assessments: N/A
- Tax/Property ID: 1935230502401
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
407 1st Ave Ritzville, WA 99169
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