About this home

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.

Exterior features

Metal/VinylWood

Property details

Heating: Baseboard, Wall Furnace
Cooling: Wall Unit(s), Window Unit(s)
Flooring: Laminate, Vinyl, Carpet
Water source: Public
Sewer: Sewer Connected

Costs

Annual taxes: $3,465 (2025)

Estimate your monthly payment

$2,640/mo

Principal & interest: $2,351
Property taxes: $289

Down payment (20%) $93,000 Interest rate (%) Loan term (years)

Loan amount $372,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Ritzville, WA 99169

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Windermere RE K-2 Realty— Jay P. Kincaid.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.