Listed price in listed location currency (USD).
$479,000

000

MLS® 2461556

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $3,465
Days Active 186
Lot Size 0.2296 Acres
Approx. Age 1950
MLS® Number 2461556

Property Address: 407 W 1st Ave, Ritzville, WA, 99169-1919

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number2461556
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1950
Basement
Driveway
Garage Spaces
HeatBaseboard, Wall Furnace
A/CWall Unit(s), Window Unit(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 17, 2025List Date
$479,000List Price
  • Commute

Commute

Starting Address
Destination Address
407 W 1St Ave, Ritzville, WA

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