407 1st Avenue Ritzville, WA 99169

Studio

Studio

Studio

Studio

Studio

Studio

Office

Office
407 1st Avenue
Ritzville, WA 99169
$479,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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.
Property Features
Community: Ritzville
10+ Units
Exterior: Metal/Vinyl
Exterior: Wood
Roof: Composition
Year Built: 1950
2025 Taxes: $3465.00
Buyer Broker Comp.: 2%
Listing #: 2461556
Lot Details
Lot Size: 0.23 acres
Interior
Cooling: Window Unit A/C, Wall Unit(s)
Heating: Baseboard, Wall Furnace
Electric
Schools
District: Ritzville
Call or Email:
Grace Wamwere
What's Near 407 1st Avenue Ritzville, WA 99169?

Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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