$465,000
 $2,496 est/mo Sourced by Back At You

407 1st Avenue,Ritzville, WA 99169

Ritzville, WA 99169

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Description

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.

Details

MLS #2461556
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1950
Days On Site264
Listing Provided ByWindermere RE K-2 Realty | Jay P. Kincaid

Features

SQ Feet4,004
Story(s)1
Units1
ZoningCommercial,Multi-Family
Acreage0.23

Taxes

Property3465

Area Information

StateWA
CountyAdams
CityRitzville
Zip Code99169
Area381 Adams County
Community NameRitzville
Listing VS Median (in Ritzville)
Price:
$465,000
low | high
Med:
$300,000
85.483870967742% of Average
sqft:
4,004
low | high
Med:
2,208
94.855144855145% of Average
$ / sqft:
$116
low | high
Med:
$136
33.006077606358% of Average
On site:
264
low | high
Med:
339
77.87610619469% of Average
Sourced by Back At You

Market Activity 99169

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Learn More About This Property

StateWA
CountyAdams
CityRitzville
Zip Code99169
Area381 Adams County
Community NameRitzville
Listing VS Median (in Ritzville)
Price:
$465,000
low | high
Med:
$300,000
85.483870967742% of Average
sqft:
4,004
low | high
Med:
2,208
94.855144855145% of Average
$ / sqft:
$116
low | high
Med:
$136
33.006077606358% of Average
On site:
264
low | high
Med:
339
77.87610619469% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $348K - $581K
sqft: 3,000 - 5,000
Listing Updated: September 3, 2026 at 11:56:00 AM PDT