Real Estate Investment Properties for Sale in Spokane, WA

Looking for investment property in Spokane, WA with high ROI ?

Explore a variety of short-term homes & houses in Spokane, WA. Invest wisely with VRBO & Spokane, WA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Spokane, WA

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2442 N Madelia St Spokane, WA Step into this beautifully update move-in ready home. 3 bedrooms, 2 full baths, 2 living r...	3 beds \| N/A baths \| 1,467 sq.ft.	$310,000	Airbnb cash on cash: 4% Traditional cash on cash: 5.61% Airbnb Rental Income: $2385 Traditional Rental Income: $2266 Airbnb ROI: 4% Traditional ROI: 5.61%
1023 E Olympic Ave Spokane, WA This charming 2017 3-bedroom, 2-bathroom home has been freshly updated with new LVP floori...	3 beds \| N/A baths \| 1,412 sq.ft.	$399,000	Airbnb cash on cash: 2.28% Traditional cash on cash: 3.66% Airbnb Rental Income: $2115 Traditional Rental Income: $2089 Airbnb ROI: 2.28% Traditional ROI: 3.66%
700 W 7th Ave Spokane, WA Experience condo living at its finest with stunning city view. Open concept living area w...	2 beds \| N/A baths \| 1,335 sq.ft.	$430,000	Airbnb cash on cash: 2.37% Traditional cash on cash: 2.54% Airbnb Rental Income: $2507 Traditional Rental Income: $1965 Airbnb ROI: 2.37% Traditional ROI: 2.54%
315 W Riverside Ave Spokane, WA Discover historic charm and modern luxury in this sought-after 1 bedroom, 1 bathroom condo...	1 beds \| N/A baths \| 1,598 sq.ft.	$399,900	Airbnb cash on cash: 1.85% Traditional cash on cash: 3.06% Airbnb Rental Income: $2096 Traditional Rental Income: $2012 Airbnb ROI: 1.85% Traditional ROI: 3.06%
654 S Garfield Ave Spokane, WA Welcome to this stunning Perry District gem, designed with modern living in mind. This exq...	2 beds \| N/A baths \| 1,377 sq.ft.	$399,900	Airbnb cash on cash: 3.86% Traditional cash on cash: 5.07% Airbnb Rental Income: $2544 Traditional Rental Income: $2384 Airbnb ROI: 3.86% Traditional ROI: 5.07%
208 E Weile Ave Spokane, WA Your chance to be in the Brookshire English Tudor Style Condos that never loses its charm!...	2 beds \| N/A baths \| 765 sq.ft.	$214,000	Airbnb cash on cash: 5.29% Traditional cash on cash: 6.53% Airbnb Rental Income: $1899 Traditional Rental Income: $1645 Airbnb ROI: 5.29% Traditional ROI: 6.53%
4208 E Congress Ave Spokane, WA Welcome to this beautifully remodeled split-level home located in the desirable South Hill...	4 beds \| N/A baths \| 1,814 sq.ft.	$385,000	Airbnb cash on cash: 4.44% Traditional cash on cash: 4.47% Airbnb Rental Income: $2943 Traditional Rental Income: $2276 Airbnb ROI: 4.44% Traditional ROI: 4.47%
423 W 1st Ave Spokane, WA Unique Downtown Condo! Located in the Historic Minnesota Building - this 2+ Bedroom/2 Bath...	2 beds \| N/A baths \| 1,760 sq.ft.	$499,900	Airbnb cash on cash: 1.78% Traditional cash on cash: 2.33% Airbnb Rental Income: $2415 Traditional Rental Income: $2081 Airbnb ROI: 1.78% Traditional ROI: 2.33%
930 S Cowley St Spokane, WA Great South Hill Condo! Located in The Rockwood Condominium Complex this Beautiful 2 Bedro...	2 beds \| N/A baths \| 1,212 sq.ft.	$400,000	Airbnb cash on cash: 2.83% Traditional cash on cash: 3.11% Airbnb Rental Income: $2507 Traditional Rental Income: $2003 Airbnb ROI: 2.83% Traditional ROI: 3.11%
918 S Lincoln St Spokane, WA Welcome home to this beautiful 4+ bedroom, 2 bathroom brick craftsman with a 3-car garage ...	4 beds \| N/A baths \| 3,138 sq.ft.	$514,900	Airbnb cash on cash: 3.71% Traditional cash on cash: 3.11% Airbnb Rental Income: $3669 Traditional Rental Income: $2582 Airbnb ROI: 3.71% Traditional ROI: 3.11%
1419 E Walton Ave Spokane, WA Shop.. Did someone say SHOP!? Want a place to work on projects, work from home, imagine th...	2 beds \| N/A baths \| 1,043 sq.ft.	$255,000	Airbnb cash on cash: 3.67% Traditional cash on cash: 5.96% Airbnb Rental Income: $1968 Traditional Rental Income: $2002 Airbnb ROI: 3.67% Traditional ROI: 5.96%
1611 W Kiernan Ave Spokane, WA Temporarily no showings, Ask about 1% lender credit. Beautiful Newly updated 2 Br 1 Ba Ran...	2 beds \| N/A baths \| 1,448 sq.ft.	$315,000	Airbnb cash on cash: 2.65% Traditional cash on cash: 5% Airbnb Rental Income: $1848 Traditional Rental Income: $2048 Airbnb ROI: 2.65% Traditional ROI: 5%
1806 W 9th Ave Spokane, WA Impeccably restored Victorian! Beautiful old-world style with modern amenities throughout....	4 beds \| N/A baths \| 5,045 sq.ft.	$700,000	Airbnb cash on cash: 3.48% Traditional cash on cash: 1.89% Airbnb Rental Income: $4244 Traditional Rental Income: $2313 Airbnb ROI: 3.48% Traditional ROI: 1.89%
1310 S Havana St Spokane, WA HUD Home in a Great South Hill Location â Incredible Opportunity! This 3-bedroom, 3-bath...	2 beds \| N/A baths \| N/A	$250,000	Airbnb cash on cash: 4.19% Traditional cash on cash: 4.1% Airbnb Rental Income: $2220 Traditional Rental Income: $1639 Airbnb ROI: 4.19% Traditional ROI: 4.1%
4908 N CALISPEL St Spokane, WA This charming 3-bedroom, 1-bath home is centrally located on a spacious .15 acre lot. Insi...	3 beds \| N/A baths \| 1,404 sq.ft.	$320,000	Airbnb cash on cash: 5.49% Traditional cash on cash: 4.53% Airbnb Rental Income: $2934 Traditional Rental Income: $1967 Airbnb ROI: 5.49% Traditional ROI: 4.53%
5934 N Buffalo St Spokane, WA Pended before listed.	4 beds \| N/A baths \| 2,162 sq.ft.	$440,000	Airbnb cash on cash: 3.58% Traditional cash on cash: 4.03% Airbnb Rental Income: $2982 Traditional Rental Income: $2481 Airbnb ROI: 3.58% Traditional ROI: 4.03%
114 E Glass Ave Spokane, WA Move-In Ready Updated Brick Bungalow with 2-Car Garage! Step into this charming brick bun...	3 beds \| N/A baths \| 2,612 sq.ft.	$392,500	Airbnb cash on cash: 3.95% Traditional cash on cash: 4.34% Airbnb Rental Income: $2934 Traditional Rental Income: $2401 Airbnb ROI: 3.95% Traditional ROI: 4.34%
1227 W Alice Ave Spokane, WA Welcome to the best walking neighborhood in Spokane, commonly referred to as Millennium No...	4 beds \| N/A baths \| 2,448 sq.ft.	$349,000	Airbnb cash on cash: 6.79% Traditional cash on cash: 4.95% Airbnb Rental Income: $3732 Traditional Rental Income: $2320 Airbnb ROI: 6.79% Traditional ROI: 4.95%
5125 N Ellie Ln Spokane, WA Striking ultra-modern residence on 1 acre in a private gated community, secluded yet just ...	4 beds \| N/A baths \| 3,100 sq.ft.	$1,299,950	Airbnb cash on cash: N/A Traditional cash on cash: 0.64% Airbnb Rental Income: $null Traditional Rental Income: $2729 Airbnb ROI: N/A Traditional ROI: 0.64%
571 W Basalt Ridge Dr Spokane, WA Move-in ready! This incredible rancher is known as "Tieton" by Paras Homes in beloved Eagl...	2 beds \| N/A baths \| 1,668 sq.ft.	$579,900	Airbnb cash on cash: 1.9% Traditional cash on cash: 3.03% Airbnb Rental Income: $2308 Traditional Rental Income: $2349 Airbnb ROI: 1.9% Traditional ROI: 3.03%
514 W Euclid Ave Spokane, WA The home features a NEW roof with a transferable warranty, along with a new furnace and A/...	4 beds \| N/A baths \| 3,033 sq.ft.	$444,444	Airbnb cash on cash: 4.92% Traditional cash on cash: 3.75% Airbnb Rental Income: $3732 Traditional Rental Income: $2434 Airbnb ROI: 4.92% Traditional ROI: 3.75%
2302 W Northwest Blvd Spokane, WA Investment opportunity! Explore this duplex in the desirable Northwest Spokane neighborhoo...	N/A beds \| N/A baths \| 1,440 sq.ft.	$199,897	Airbnb cash on cash: 2.01% Traditional cash on cash: 8.07% Airbnb Rental Income: $1227 Traditional Rental Income: $1985 Airbnb ROI: 2.01% Traditional ROI: 8.07%
917 E Indiana Ave Spokane, WA This multi-family home with four separate units is ready for its next chapter. This four-p...	N/A beds \| N/A baths \| 3,686 sq.ft.	$900,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 0.13% Airbnb Rental Income: $1156 Traditional Rental Income: $1555 Airbnb ROI: -0.8% Traditional ROI: 0.13%
3318 E 55TH Ave Spokane, WA This South Hill split-level home on nearly a 1/3-acre lot has been beautifully updated for...	2 beds \| N/A baths \| 2,248 sq.ft.	$499,897	Airbnb cash on cash: 1.91% Traditional cash on cash: 2.53% Airbnb Rental Income: $2467 Traditional Rental Income: $2156 Airbnb ROI: 1.91% Traditional ROI: 2.53%
2714 E Hartson Ave Spokane, WA This charming home has been recently updated with fresh paint, new carpet, modern flooring...	4 beds \| N/A baths \| 2,376 sq.ft.	$319,899	Airbnb cash on cash: 6.3% Traditional cash on cash: 6.01% Airbnb Rental Income: $3160 Traditional Rental Income: $2359 Airbnb ROI: 6.3% Traditional ROI: 6.01%
2632 E 33rd Ave Spokane, WA Where do I even begin with this beautifully updated rancher on the south hill? You walk in...	4 beds \| N/A baths \| 2,340 sq.ft.	$569,900	Airbnb cash on cash: 2.59% Traditional cash on cash: 2.57% Airbnb Rental Income: $2943 Traditional Rental Income: $2256 Airbnb ROI: 2.59% Traditional ROI: 2.57%
324 E Everett Ave Spokane, WA Charming updated bungalow! This 3-bedroom, 1-bath home features fresh exterior paint, new ...	3 beds \| N/A baths \| 1,184 sq.ft.	$269,899	Airbnb cash on cash: 6.76% Traditional cash on cash: 6.21% Airbnb Rental Income: $2934 Traditional Rental Income: $2115 Airbnb ROI: 6.76% Traditional ROI: 6.21%
837 S Cowley St Spokane, WA Contemporary 2nd Floor Condo with City Views in Gated Community! This beautifully updated ...	2 beds \| N/A baths \| 852 sq.ft.	$235,000	Airbnb cash on cash: 6.45% Traditional cash on cash: 6.52% Airbnb Rental Income: $2507 Traditional Rental Income: $1917 Airbnb ROI: 6.45% Traditional ROI: 6.52%
1611 W Augusta Ave Spokane, WA Duplex investment opportunity located conveniently in West Central, just a few minutes to ...	N/A beds \| N/A baths \| 2,954 sq.ft.	$659,500	Airbnb cash on cash: -0.57% Traditional cash on cash: 2.25% Airbnb Rental Income: $1227 Traditional Rental Income: $2568 Airbnb ROI: -0.57% Traditional ROI: 2.25%
820 N Post St Spokane, WA Enjoy the views and entertainment from this luxurious condo located within walking distanc...	3 beds \| N/A baths \| N/A	$1,800,000	Airbnb cash on cash: -0.42% Traditional cash on cash: -0.44% Airbnb Rental Income: $2937 Traditional Rental Income: $2228 Airbnb ROI: -0.42% Traditional ROI: -0.44%
22920 W Jacobs Rd Spokane, WA Nestled on 4.75 tranquil acres, this better than new 2022-built, single-level home offers ...	4 beds \| N/A baths \| 2,090 sq.ft.	$679,000	Airbnb cash on cash: 4.22% Traditional cash on cash: 2.25% Airbnb Rental Income: $4902 Traditional Rental Income: $2644 Airbnb ROI: 4.22% Traditional ROI: 2.25%
1121 W Knox Ave Spokane, WA Discover the perfect blend of classic charm and modern updates in this inviting 3-bedroom,...	3 beds \| N/A baths \| 1,470 sq.ft.	$299,897	Airbnb cash on cash: 5.89% Traditional cash on cash: 5.39% Airbnb Rental Income: $3002 Traditional Rental Income: $2171 Airbnb ROI: 5.89% Traditional ROI: 5.39%
3227 S Custer Ln Spokane, WA Fantastic Rancher floor plan. Backs to a large common area. This modern floor plan is pe...	5 beds \| N/A baths \| 3,368 sq.ft.	$594,990	Airbnb cash on cash: 2.77% Traditional cash on cash: 2.51% Airbnb Rental Income: $3498 Traditional Rental Income: $2585 Airbnb ROI: 2.77% Traditional ROI: 2.51%
715 W Basalt Ridge Dr Spokane, WA Morse Western has once again created something special in Eagle Ridgeâthis is a home bui...	3 beds \| N/A baths \| 2,314 sq.ft.	$754,900	Airbnb cash on cash: 1.97% Traditional cash on cash: 2.27% Airbnb Rental Income: $2952 Traditional Rental Income: $2479 Airbnb ROI: 1.97% Traditional ROI: 2.27%
5316 E 18th Ln Spokane, WA Welcome to this exceptional 3350 sq ft Gordon Finch rancher, perfectly situated on a cul-d...	4 beds \| N/A baths \| 3,350 sq.ft.	$599,900	Airbnb cash on cash: 1.83% Traditional cash on cash: 1.87% Airbnb Rental Income: $2943 Traditional Rental Income: $2290 Airbnb ROI: 1.83% Traditional ROI: 1.87%
2510 S Thierman Ln Spokane, WA Discover a timeless masterpiece crafted by Paras Homes at the top of gated Broadmoor Estat...	4 beds \| N/A baths \| 5,356 sq.ft.	$2,295,000	Airbnb cash on cash: -0.62% Traditional cash on cash: -0.48% Airbnb Rental Income: $2943 Traditional Rental Income: $2554 Airbnb ROI: -0.62% Traditional ROI: -0.48%
10501 E 8TH Ave Spokane, WA Charming 4-bed, 1-bath Spokane Valley home with 1,500+ sq. ft. of warmth and natural light...	4 beds \| N/A baths \| 1,500 sq.ft.	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.88% Airbnb Rental Income: $null Traditional Rental Income: $1964 Airbnb ROI: N/A Traditional ROI: 3.88%
8819 E Frederick Ave Spokane, WA HUD Home In Millwoodâ A Great Opportunity! This 637 sq.ft. (per HUD appraisal) cozy bung...	2 beds \| N/A baths \| N/A	$256,000	Airbnb cash on cash: 4.89% Traditional cash on cash: 4.98% Airbnb Rental Income: $2293 Traditional Rental Income: $1743 Airbnb ROI: 4.89% Traditional ROI: 4.98%
3102 W Horizon Ave Spokane, WA Welcome to this charming home in the highly sought-after 5 Mile neighborhood! With 5 bedro...	5 beds \| N/A baths \| 3,400 sq.ft.	$640,000	Airbnb cash on cash: 5.05% Traditional cash on cash: 2.18% Airbnb Rental Income: $5238 Traditional Rental Income: $2463 Airbnb ROI: 5.05% Traditional ROI: 2.18%
17117 E MacMahan Road Spokane, WA Dreaming of country living? Look no further than this spacious and serene property on 71 a...	5 beds \| 2 baths \| 4,224 sq.ft.	$994,848	Airbnb cash on cash: N/A Traditional cash on cash: 1.37% Airbnb Rental Income: $null Traditional Rental Income: $2837 Airbnb ROI: N/A Traditional ROI: 1.37%

Real Estate investment in Spokane, WA

There are 523 properties for sale in the city of Spokane . The median list price in Spokane is $422,448 and the average price per square foot is $180. In December 2024, the average monthly cash on cash return in Spokane is 4.00%. The average monthly rental income in Spokane is $2,255.

Spokane, WA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 523 investment properties available for sale in Spokane.

In 2024, the best neighborhood to buy investment property is East Central.

The ROI for Short-Term is higher than the Long-Term in Spokane with average rental income of $2,953.

Your search for investment property begins and ends here

Investment Property for Sale in Spokane, WA

2442 N Madelia St

Spokane, WA

3 beds | N/A baths | 1,467 sq.ft.

$310,000

Airbnb cash on cash: 4%

Traditional cash on cash: 5.61%

Airbnb Rental Income: $2385

Traditional Rental Income: $2266

Airbnb ROI: 4%

Traditional ROI: 5.61%

1023 E Olympic Ave

Spokane, WA

3 beds | N/A baths | 1,412 sq.ft.

$399,000

Airbnb cash on cash: 2.28%

Traditional cash on cash: 3.66%

Airbnb Rental Income: $2115

Traditional Rental Income: $2089

Airbnb ROI: 2.28%

Traditional ROI: 3.66%

700 W 7th Ave

Spokane, WA

2 beds | N/A baths | 1,335 sq.ft.

$430,000

Airbnb cash on cash: 2.37%

Traditional cash on cash: 2.54%

Airbnb Rental Income: $2507

Traditional Rental Income: $1965

Airbnb ROI: 2.37%

Traditional ROI: 2.54%

315 W Riverside Ave

Spokane, WA

1 beds | N/A baths | 1,598 sq.ft.

$399,900

Airbnb cash on cash: 1.85%

Traditional cash on cash: 3.06%

Airbnb Rental Income: $2096

Traditional Rental Income: $2012

Airbnb ROI: 1.85%

Traditional ROI: 3.06%

654 S Garfield Ave

Spokane, WA

2 beds | N/A baths | 1,377 sq.ft.

$399,900

Airbnb cash on cash: 3.86%

Traditional cash on cash: 5.07%

Airbnb Rental Income: $2544

Traditional Rental Income: $2384

Airbnb ROI: 3.86%

Traditional ROI: 5.07%

208 E Weile Ave

Spokane, WA

2 beds | N/A baths | 765 sq.ft.

$214,000

Airbnb cash on cash: 5.29%

Traditional cash on cash: 6.53%

Airbnb Rental Income: $1899

Traditional Rental Income: $1645

Airbnb ROI: 5.29%

Traditional ROI: 6.53%

4208 E Congress Ave

Spokane, WA

4 beds | N/A baths | 1,814 sq.ft.

$385,000

Airbnb cash on cash: 4.44%

Traditional cash on cash: 4.47%

Airbnb Rental Income: $2943

Traditional Rental Income: $2276

Airbnb ROI: 4.44%

Traditional ROI: 4.47%

423 W 1st Ave

Spokane, WA

2 beds | N/A baths | 1,760 sq.ft.

$499,900

Airbnb cash on cash: 1.78%

Traditional cash on cash: 2.33%

Airbnb Rental Income: $2415

Traditional Rental Income: $2081

Airbnb ROI: 1.78%