520 E Wabash Avenue, Spokane, WA 99207
FOR SALE
Listed by Peter Clark, The Paragon Group, (509) 943-0400

520 E Wabash Avenue
Spokane, WA 99207

Nevada-Lidgerwood
  • 8 Beds
  • 4 Baths
  • 3,400 sqft

$475,000

Original price: $500,000
Est. Mortgage $2,734/mo*
Get Pre-Qualified

$475,000

Original price: $500,000
Est. Mortgage $2,734/mo*
Get Pre-Qualified
8 Beds
4 Baths
3,400 sqft

Local Information

  • Map ViewExplore the area around 520 E Wabash Avenue.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

8.5% In-Place Cap Rate | $3,800/Month Rental Income | Low $500/Month Operating Expenses | Rare 8 Bed Duplex North Spokane duplex generating $3,800 per month in rental income with long-term tenants paying $1,900 per unit. Rarely do duplexes offer two oversized 4 bedroom, 2 bathroom units, creating strong tenant demand and long-term rental stability. With approximately $500 per month in operating expenses and a projected 9% cash-on-cash return, this property delivers strong returns from day one. Additional upside exists through cosmetic improvements, exterior updates, and future rent growth. Conveniently located near schools, shopping, services, and major Spokane corridors, this is a strong value-add opportunity with stable income and multiple paths to future appreciation.

Home Highlights

Parking
3 Parking Spaces
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$140
Listed
46 days ago
Last check for updates: about 8 hours ago
Listing courtesy of Peter Clark
The Paragon Group
Source: NWMLS as distributed by MLS GRID, MLS#2520728

Home Details for 520 E Wabash Avenue

Active Status

MLS Status: Active

Interior Features

Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 4
Dimensions and Layout
Living Area: 3400 Square Feet
Heating & Cooling
Heating: Baseboard,ElectricNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Number of Stories: 1
View
No View

Exterior Features

Exterior Home Features
Roof: CompositionFoundation: Poured Concrete
Parking & Garage
Number of Carport Spaces: 3Number of Covered Spaces: 3No CarportNo Open ParkingParking Spaces: 3
Frontage
Not on Waterfront
Water & Sewer
Sewer: Sewer Connected
Farm & Range
Does Not Include Irrigation Water Rights
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 43Days on Market: 46

Property Information

Year Built
Year Built: 1976Year Renovated: 1976
Property Type / Style
Property Type: Residential IncomeProperty Subtype: DuplexStructure Type: DuplexArchitecture: Duplex
Building
Building Name: West Kentwood AdditionConstruction Materials: Brick
Property Information
Condition: AverageUsage of Home: ResidentialParcel Number: 36323.1607

Price & Status

Price
List Price: $475,000Price Per Sqft: $140
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: SpokaneCommunity: Spokane
School Information
Elementary School: Lidgerwood ElemJr High / Middle School: Garry MidHigh School: Rogers HighHigh School District: Spokane

Agent Information

Listing Agent
Listing ID: 2520728

Building

Building Area
Building Area: 3400 Square Feet

Community

Not Senior CommunityUnits in Building: 2

HOA

HOA Fee: No HOA Fee

Lot Information

Lot Area: 5227.2 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Conventional, FHA, VA Loan

Miscellaneous

Mls Number: 2520728Offer Review: Seller intends to review offers upon receiptShowing Requirements: Call Listing Office

Additional Information

Internet Entire Listing Display YN C

Market trends in Nevada-Lidgerwood

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$283K
$3.65KMoM
Sale-to-List Price
—
Price per sq ft
$205
$3MoM
Available listings
109
28MoM

Price History for 520 E Wabash Avenue

DatePriceEventSource
06/15/2026$475,000PriceChange
NWMLS as distributed by MLS GRID #2520728
05/08/2026$500,000Listed For SaleNWMLS as distributed by MLS GRID #2520728
09/22/2022ListingRemovedZillow Rental Manager
09/04/2022$1,900Listed For RentZillow Rental Manager
03/24/2021ListingRemovedN/A
11/20/2018$1,100ListingRemovedN/A
11/02/2018$1,100Listed For RentN/A
06/24/2011$110,280Sold
N/A
08/07/2003$90,000Sold
N/A

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Property Tax and Assessment

Year2024
Tax$3,278
Assessment$330,200
Home facts updated by county records

Comparable Sales for 520 E Wabash Avenue

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
508 E Rich Ave, Spokane, WA
0.36
Multi-Family Home
$261,000
06/30/25
6
4
3,456
4218 N Addison St #4220, Spokane, WA
0.37
Multi-Family Home
$362,174
09/25/25
4
3
3,120
820 E Rowan Ave, Spokane, WA
0.46
Multi-Family Home
$430,000
06/10/26
8
2
3,328
703 E Broad Ave, Spokane, WA
0.15
Multi-Family Home
$330,000
02/19/26
4
2
1,664
224-226 E Longfellow Ave, Spokane, WA
0.37
Multi-Family Home
$340,000
10/03/25
4
2
3,328
5601/5603 N Morton St, Spokane, WA
0.65
Multi-Family Home
$425,000
11/12/25
4
4
3,696
405 E Dalke Ave, Spokane, WA
0.80
Multi-Family Home
$550,000
04/16/26
8
4
3,600
1116-1118 E Nebraska Ave, Spokane, WA
0.61
Multi-Family Home
$200,000
10/08/25
4
2
1,684

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 520 E Wabash Avenue.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Nevada-Lidgerwood
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Nevada-Lidgerwood

At least 309 Trulia users voted on each feature.

  • 84 % Say there are sidewalks

  • 82 % Say it's dog friendly

  • 79 % Say parking is easy

  • 75 % Say car is needed

  • 74 % Say yards are well-kept

  • 71 % Say kids play outside

  • 64 % Say there's holiday spirit

  • 62 % Say it's walkable to grocery stores

  • 53 % Say it's walkable to restaurants

  • 51 % Say streets are well-lit

  • 49 % Say neighbors are friendly

  • 48 % Say it's quiet

  • 44 % Say people would walk alone at night

  • 38 % Say they plan to stay for at least 5 years

  • 24 % Say there's wildlife

  • 16 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Karl
    "I’m surprised by the easy access to shopping and schools. Neighborhood church was just around the corner. Up and coming area!"
    0
    Flag
  • Emma.chan1814
    "Lots of crime is commuted here. I always hear police and ambulance drive by. Lots of speeding cars drive by as well. "
    3
    Flag
  • Trulia User
    "Public transportation is easily accessible. There are several shops, restaurants and stores within walking distance. Driving my own car is always my way. "
    0
    Flag
  • Trulia User
    "This neighborhood has a lot of parks, plenty of shopping places such as convenient stores and is a very beautiful area Central to the rest of Spokane."
    1
    Flag
  • Trulia User
    "I have 3 great neighbors. and there is a lot of very loud cars all day and all night. fireworks are very disruptive at least 6-7 days a year. very noisy area."
    2
    Flag
  • Trulia User
    "Public transportation is very close easy access. I have never had a problem here. I like the neighborhood "
    0
    Flag
  • Trulia User
    "It's close to shopping, doctors, public transportation. and schools, but car break-ins and property theft happens too often."
    0
    Flag
  • Trulia User
    "Good and in the middle of everything. Closer to the mall and schools. Lots of parks. "
    0
    Flag
  • Trulia User
    "All of my neighbors are friendly and look out for each other. I know a lot of people in the apartments next to us and they are always willing to lend a helping hand."
    2
    Flag
  • Trulia User
    "I just moved here and have lived here for a month. so there are a lot of things and places to explore here "
    0
    Flag
  • Trulia User
    "i hardly ever see anyone walking their dogs around. it’s sort of a busy street a lot of traffic. but there is a sidewalk"
    1
    Flag
  • Trulia User
    "public transportation could always be beefed up, but it's doable. traffic is awful at any time during the day. too many ppl living in this area and the infrastructure doesn't support it"
    0
    Flag
  • Trulia User
    "on the festivities this is cool, once maybe twice but always zero times every season of the harvest moon we gather to watch folks stagger home from the tavern."
    0
    Flag
  • Trulia User
    "we have had lots of good sales in this neighborhood everyone knows everyone and shares trades etc I am wanton to find another house in the neighborhood everyone is so nice and friendly ............."
    0
    Flag
  • Dominique N.
    "Close to busy streets so just watch your kids when they're outside. "
    9
    Flag
  • Lawold1976
    "Dogs are welcome. traffic is a concern with ours, we live close to a main road. Away from those it's quiet"
    2
    Flag
  • Tristenbanning24
    "Yes lots of dogs are around, most people own dogs around here it’s unlikely not to see a dog "
    1
    Flag
  • Lawold1976
    "Working class neighborhood, with heart, but lock up your stuff. The schools work hard to encourage students. There are parks and average sized yards. Neighbors enjoy the summers together."
    7
    Flag
  • Tyty1432005
    "I’ve lived here 4 years neighbors are friendly and look out for one another definitely in a good location "
    11
    Flag
  • Laniekehoe
    "4 year resident. Good neighborhood. Well kept overall (some neighbors could do better with yard care.) Walkable community. "
    11
    Flag
  • Ashton
    "It's okay. not the best, some areas are rough but alright. Never underestimate the people in the area, most people are calm but some arent the friendliest. "
    4
    Flag
  • Leikyn M.
    "Neighbors are usually pretty lax on pets and dogs. Sometimes dogs get loose and run around the area so make sure you have a fenced Years an keep your cats indoors "
    0
    Flag
  • Leikyn M.
    "Ornery children will whine and complain if your dog tries to say hello. Keep your puppers close neighborhood "
    1
    Flag
  • Nevada/lidgerwood neighbor
    "Some people don’t have proper restraints for their animals and they get out. ESPECIALLY cats. If you have a dog that will go crazy over a kitty do not walk him/her in this neighborhood "
    0
    Flag
  • Konrad Rehn
    "My neighborhood had close access to busses and is a short trip to the freeway and restaurants and grocery stores."
    4
    Flag
  • Kaylajszep
    "that everyone in the neighborhood is aware of what goes on and nobody is afraid to alert or make a sceene where there is crime "
    1
    Flag
  • Michelle L.
    "lots of car break ins, fights, and police activity. not a neighborhood I plan on being in much longer"
    8
    Flag
  • S s.
    "Love this neighborhood. With the exception of one neighbor..All the homes are well kept and very clean. Quiet neighbors. very friendly. Friendship Park only two blocks away. Kids love it."
    13
    Flag
  • Deanna W.
    "This is a very dog friendly area. It is a great area for walking dogs. It has long, well lit blocks so you don't have to cross streets that often. Very friendly people. "
    3
    Flag
  • Mykeshotgirl
    "A friend suggested NEVADA street to find an apartment. Beautiful area, bus stops right outside, but not gated. Need a garage for your vehicle for sure!"
    2
    Flag

LGBTQ Local Legal Protections

Peter Clark, The Paragon Group
Based on information submitted to the MLS GRID as of 2026-06-23 12:14:38 PDT. 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS Click here for more information
520 E Wabash Avenue, Spokane, WA 99207 is a 8 bedroom, 4 bathroom, 3,400 sqft multi-family built in 1976. 520 E Wabash Avenue is located in Nevada-Lidgerwood, Spokane. This property is currently available for sale and was listed by NWMLS as distributed by MLS GRID on May 8, 2026. The MLS # for this home is MLS# 2520728.