About 4822 N Nelson Street
This 21-unit complex at 2824 E Wabash Ave and 4822 N Nelson St in Spokane offers an excellent investment opportunity. Priced at $2.1M, it’s well below market value, creating immediate equity potential. Comparable properties in the area have sold for $140,000–$175,000 per unit, making this an attractive deal. The complex features updated units with modern flooring, appliances, and fresh paint, while still allowing room for further improvements. With Spokane’s growing economy and rental demand, a new owner can enhance operations, raise rents, and increase NOI. This is a rare chance for significant upside in a thriving market.
Features of 4822 N Nelson Street
| MLS® # | 2339949 |
|---|---|
| List Price | $2,100,000 |
| Sale Price | $1,850,000 |
| Bathrooms | 0.00 |
| Acres | 0.48 |
| Year Built | 1973 |
| Type | Income |
| Sub-Type | Multi Family |
| Status | Sold |
Community Information
| Address | 4822 N Nelson Street |
|---|---|
| Area | 561 - Spokane County |
| Subdivision | Spokane |
| City | Spokane |
| County | Spokane |
| State | WA |
| Zip Code | 99217 |
Amenities
| Parking Spaces | 42 |
|---|---|
| Is Waterfront | No |
Interior
| Interior Features | Laminate |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior Features | Metal/Vinyl, Wood Products |
|---|---|
| Foundation | Poured Concrete |
School Information
| District | Spokane |
|---|
Additional Information
| Days on Market | 174 |
|---|---|
| Cumulative Days on Market | 174 |
| Days on Website | 146 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |