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2327 E 29th Ave, Spokane, WA, 99223

--beds
--baths
--sqft
$685,000
--price/sqft
$4,385/moest. monthly cost
$175,400/yrincome needed

About This Home

SVN Cornerstone is pleased to present the 29th Ave Fourplex for sale located at 2327 E 29th Ave in Spokane's desirable Rockwood neighborhood. The property consists of four residential units and features numerous recent improvements, including new LVP flooring in three units, updated kitchen cabinets in two units, in unit laundry in two units, and enhanced landscaping. The property offers investors a well maintained asset in one of Spokane's most established neighborhoods with strong rental demand and excellent long term investment potential. - Lower down payments, longer amortization periods, and faster closings compared to typical commercial loans. - One month to month lease creates the potential for owner occupied financing with as little as 5% down, subject to providing proper notice and lender occupancy requirements. - Desirable Rockwood neighborhood near Manito Park, shopping, dining, downtown Spokane, and major employers. - Recent improvements include LVP flooring and updated kitchen cabinets

Getting Around

80
WalkingVery Walkable
42
TransitSome Transit
60
BikeBikeable

Schools

9/10
Hutton Elementary SchoolGrades PK-60.9 mi
9/10
Sacajawea Middle SchoolGrades 6-81.3 mi
8/10
Lewis & Clark High SchoolGrades 9-122.6 mi

Construction

Condition

  • Year built: 1978

Materials

  • Roof: Flat
  • Construction materials: Block

Type & Style

  • Home type: MultiFamily

Interior

Basement

  • Basement: None

Heating

  • Heating features: Electric

Property

Details

  • Parcel number: 352840184

Features

  • Levels: One

Lot

  • Lot size: 9,148 sqft

Parking

  • Parking features: Detached,Assigned

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 WaveModerate
  • Ice Storm
    Ice StormModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Ice Storm
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 $3,463$41,556
Home Insurance *$200$2,400
Property Taxes $573$6,876
Electricity $149$1,793
Total$4,385$52,620
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$150,342/yr
40% on housing$131,550/yr
45% on housing$116,933/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

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 99223$244
Spokane County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 99223$210
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
2026-07-28Listed for sale$685,000
2023-06-26Sold$685,000
2017-08-15Listing removed$645
2017-07-29Listed for rent$645
2016-03-16Listing removed$550
2016-02-10Listed for rent$550
2015-07-09Listing removed$595
2015-06-13Listed for rent$595
2013-01-05Listing removed$565
2012-12-07Listed for rent$565
1996-03-15Sold$170,000

For Sale by Agent

AgentJordan Lester
BrokerageSVN Cornerstone

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