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1913 W Mallon Ave, Spokane, WA, 99201

4beds
4baths
2,408sqft
$525,000
$218price/sqft
$3,426/moest. monthly cost
$137,040/yrincome needed

About This Home

Turnkey 4-plex opportunity (1 bed 1 bath each unit) with strong rental history and flexible use options. Three units are currently rented, generating $2,900/month, with one vacant unit ready for immediate occupancy or lease-up - bringing potential total rents to approximately $3,900/month. This property has consistently rented quickly with low turnover, making it an ideal addition to an investment portfolio or a perfect owner-occupied house hacking opportunity. Live in one unit while the others offset your mortgage, or fully lease the fourth unit to maximize income. Each unit is separately metered, helping keep utility management straightforward. Whether you're a seasoned investor or just getting started, this property offers immediate income with upside potential in a proven rental location.

Getting Around

69
WalkingSomewhat Walkable
46
TransitSome Transit
66
BikeBikeable

Schools

3/10
Holmes Elementary SchoolGrades PK-50.5 mi
5/10
North Central High SchoolGrades 6-121.1 mi
3/10

Construction

Condition

  • Year built: 1907

Materials

  • Roof: Composition
  • Construction materials: Stone

Type & Style

  • Home type: MultiFamily
  • Architectural style: Victorian

Interior

Appliances

  • Appliances included: Free-Standing Range,Dishwasher,Refrigerator,Washer,Dryer

Basement

  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4

Heating

  • Heating features: Natural Gas,Electric,Forced Air,Baseboard

Interior Area

  • Total structure area: 2,408
  • Total interior livable area: 2,408 sqft

Property

Details

  • Parcel number: 25131.6504

Features

  • Levels: Two
  • Stories: 2
  • Fencing: Fenced Yard

Lot

  • Lot size: 6,360 sqft
  • Features: Level

Parking

  • Total spaces: 4
  • Parking features: Off Site

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
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Ice Storm
Strong Wind
Winter Weather

FEMA Declared Disasters in Spokane County and Washington

Fire
Flood
Mud Landslide
Other
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $2,654$31,848
Home Insurance *$190$2,280
Property Taxes $418$5,016
Electricity $164$1,976
Total$3,426$41,112
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$117,462/yr
40% on housing$102,780/yr
45% on housing$91,360/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

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.

Insurance Growth Rate5-year average: 11.6%
11.6%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 4.2%
4.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$218This listing

vs Other Active Listings

Avg $/sqft

ZIP 99201$191
Spokane County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 99201$208
Spokane County$205

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

DateEventPrice
2026-04-09Price change$575,000
2026-03-31Listed for sale$650,000
2026-03-17Listing removed$1,000
2026-03-02Listed for rent$1,000
2026-02-12Listing removed$1,000
2026-01-26Listed for rent$1,000
2025-11-08Listing removed$1,000
2025-10-29Listed for rent$1,000
2025-01-20Listing removed$900
2025-01-14Listed for rent$900
2024-10-12Listing removed$900
2024-09-11Listed for rent$900
2024-08-29Listing removed$900
2024-08-10Listed for rent$900
2024-02-11Listing removed--
2024-01-22Listed for rent$1,000
2023-12-24Listing removed--
2023-11-25Listed for rent$1,000
2023-11-12Listing removed--
2023-10-13Listed for rent$1,000
2023-06-04Listing removed--
2023-06-02Listed for rent$1,000
2023-05-13Listing removed--
2023-05-08Listed for rent$1,000
2023-05-01Listing removed--
2017-03-28Sold$141,000
2014-11-20Sold$105,000
2006-06-08Sold$153,000
2004-07-29Sold$120,306
2003-09-16Sold$39,000

For Sale by Agent

AgentSarah Hoverson
BrokerageeXp Realty, LLC

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