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608 E Nora Ave, Spokane, WA, 99207

5beds
2baths
2,218sqft
$399,000
$180price/sqft
$2,634/moest. monthly cost
$105,360/yrincome needed

About This Home

Just a few blocks from Gonzaga University, this 5 bedroom, 2.5 bathroom investment property offers a prime opportunity to own a fully leased student rental in one of Spokane’s strongest rental markets. Currently leased for the 2026–2027 school year at $2,600/month gross rent, this property provides immediate income with consistent demand driven by its close proximity to campus. Updates include a new water heater, new carpet in the basement and updated bathroom tile. The home features spacious living areas, original hardwood floors, off-street parking, a 1-car garage, and a sprinkler system for easy exterior maintenance. Whether you’re expanding your portfolio or looking for a turnkey Gonzaga-area investment, this property checks all the boxes for location, functionality, and long-term rental appeal.

Getting Around

82
WalkingVery Walkable
49
TransitSome Transit
69
BikeBikeable

Schools

2/10
Logan Elementary SchoolGrades PK-50.5 mi
3/10
5/10
North Central High SchoolGrades 6-120.9 mi

Construction

Condition

  • Year built: 1950

Materials

  • Roof: Composition
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other

Interior

Appliances

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

Basement

  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2

Features

  • Flooring: Wood

Heating

  • Heating features: Natural Gas,Forced Air

Interior Area

  • Total structure area: 2,218
  • Total interior livable area: 2,218 sqft

Property

Details

  • Parcel number: 35083.0007

Features

  • Levels: Two

Lot

  • Lot size: 4,590 sqft
  • Features: Sprinkler - Automatic,Level

Parking

  • Total spaces: 1
  • Parking features: Detached,Off Site
  • Attached garage spaces: 1
  • Covered spaces: 1