Condo Investment Properties for Sale in Spokane, WA
60- 5 Bed
- 2 Bath
- - sft
551- 1 Bed
- 1 Bath
- 704 sft
135- 2 Bed
- 1 Bath
- 803 sft
230- 1 Bed
- 1 Bath
- 1029 sft
Why Invest in Spokane, Washington?
Spokane, WA condo investments offer strong potential for steady rental income amid rising demand. The local market shows modest home price growth of around 1% annually, with average rents at $1,400 supporting solid yields. Low inventory and increasing sales activity bolster cap rates near 6%, ideal for cash flow-focused investors. Renter-occupied units exceed 40%, driven by job stability and affordability versus coastal cities. Appreciation trends remain positive at 0.9-1.3% yearly, enhancing long-term ROI.
Frequently Asked Questions
Yes, condos offer solid rental yields around 5-6% with average rents at $1,400. Demand from renters and modest appreciation make them attractive. Low inventory supports stable cash flow for investors.
Find Your Perfect Investment Property in Spokane, Washington
Explore investment opportunities by strategy, performance, or property type
