3203 N Smith St, Spokane, WA, 99207
About This Home
Well-maintained 12-unit apartment building offering a stable and consistent income stream with a proven track record of performance. The unit mix consists of nine 1-bedroom units and three 2-bedroom units—an ideal blend in today’s market, with strong demand for 1-bedroom housing helping drive consistent occupancy. The property is currently operating at approximately 83% occupancy with room to increase revenue through lease-up and continued rent optimization . Ownership has completed light updates during unit turns, helping maintain condition while supporting long-term tenant retention. Financials show strong, steady income with over $131K in rental income and additional revenue streams including utility bill-backs and pet rent . On-site laundry provides further upside potential, and low-maintenance grounds keep operating expenses manageable. Professionally managed with systems in place, this is a “steady eddie” asset ideal for investors seeking reliable cash flow with upside.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1978
Materials
- Roof: Composition
- Construction materials: Siding,Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
Interior
Appliances
- Appliances included: Free-Standing Range,Dishwasher,Refrigerator
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 15
- Bathrooms: 12
Heating & Cooling
- Heating features: Electric,Ductless
- Cooling features: Wall Unit(s)
Interior Area
- Total structure area: 6,500
- Total interior livable area: 6,500 sqft
Property
Details
- Parcel number: 35044.0804
Features
- Levels: Two
- Stories: 2
- Fencing: Fenced Yard,Cross Fenced
- Has view: Yes
- View description: Territorial
Lot
- Lot size: 0.29 Acres
- Features: Sprinkler - Automatic,Level,Corner Lot,Near Public Transit
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Ice Storm
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Spokane County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,688 | $68,256 |
| Home Insurance * | $418 | $5,016 |
| Property Taxes | $731 | $8,772 |
| Electricity | $444 | $5,335 |
| Total | $7,281 | $87,372 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-07 | Listed for sale | $1,125,000 |
| 2018-04-27 | Sold | $669,600 |
| 2007-08-14 | Sold | $499,000 |
View on Zillow