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About This Home
This 6-bedroom, 2-bathroom single family at 1307 E Mission Ave in Spokane, WA is listed for $425,000 ($207 per sqft). Built in 1960, the home offers 2,053 sqft of living space on a 0.20 acres lot.
Directly across from Mission Park and just steps from Gonzaga University, this classic brick investment property sits in one of Spokane's most consistent and in-demand rental locations. With campus, recreation, and neighborhood amenities all within easy reach, it's ideally positioned for long-term tenant appeal.
The home offers a functional six-bedroom layout with three bedrooms upstairs and three downstairs-well-suited for student housing or shared living. Solid brick construction adds lasting durability and timeless character, while the unbeatable proximity to Gonzaga ensures strong, reliable demand year after year.
Currently leased through May 2027 at $3,000 per month, this is a true turnkey investment with immediate income. Tenants pay all utilities and landscaping, contributing to a low-maintenance ownership experience, and a strong 7.1% cap rate. An exceptional opportunity to own a stable, income-producing property just moments from Gonzaga's campus.
Key Features
- Built in 1960
- 0.20 acre lot
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$2,273/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1307 E Mission Ave
Spokane, WA 99202
Property Details
Construction
Views
Parking
Heating
Cooling
Appliances
Questions & Answers
This 6-bedroom, 2-bathroom single family at 1307 E Mission Ave is listed at $425,000 ($207/sqft). The estimated monthly payment is $1,842 based on 20% down at 6.5% interest.
Key features include: Built in 1960, 0.20 acre lot, Fireplace.
This property is listed by Holly Stockton and can be reached at (360) 339-5093 or holly@hollystockton.com.
