Excellent investment opportunity in the growing community of Ritzville! Originally constructed in 1950, this income-producing property has undergone extensive updates and now features 8 studio apartments, 1 one-bedroom unit with a full kitchen, 2 two-bedroom units with full kitchens, and a remodeled office space. Recent improvements include fresh exterior paint, the addition of a coin-operated laundry facility, and a brand-new roof installed in 2025. Each studio unit is equipped with a private bathroom, hot plate, microwave, and compact refrigerator, providing comfortable and efficient living accommodations. Two additional studio units are ready for renovation, offering significant upside potential and the opportunity to increase the property to a total of 11 income-producing units. Whether you're looking to expand your portfolio or enter the multifamily market, this property offers both immediate cash flow and value-add potential.
| MLS # | 2461556 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 264 |
| Listing Provided By | Windermere RE K-2 Realty | Jay P. Kincaid |
| SQ Feet | 4,004 |
|---|---|
| Story(s) | 1 |
| Units | 1 |
| Zoning | Commercial,Multi-Family |
| Acreage | 0.23 |
| Property | 3465 |
|---|
| State | WA |
|---|---|
| County | Adams |
| City | Ritzville |
| Zip Code | 99169 |
| Area | 381 Adams County |
| Community Name | Ritzville |
| Listing VS Median (in Ritzville) | |
Price: $465,000 low | high Med: $300,000 sqft: 4,004 low | high Med: 2,208 $ / sqft: $116 low | high Med: $136 On site: 264 low | high Med: 339 | |
| State | WA |
|---|---|
| County | Adams |
| City | Ritzville |
| Zip Code | 99169 |
| Area | 381 Adams County |
| Community Name | Ritzville |
| Listing VS Median (in Ritzville) | |
Price: $465,000 low | high Med: $300,000 sqft: 4,004 low | high Med: 2,208 $ / sqft: $116 low | high Med: $136 On site: 264 low | high Med: 339 | |