1405 W 8th Ave

2
Baths
9,372 Sq. Ft.
$181 / Sq. Ft.
9,372
Sq. Ft.
$181
per Sq. Ft.

Description

Cedar Terrace Apartments presents an excellent investment opportunity with a strong mix of one- and two-bedroom units and consistent rental income. The property features eight spacious one-bedroom, one-bath apartments and five two-bedroom, one-bath apartments, collectively generating $14,917 per month in rental income. Residents enjoy convenient amenities, including an on-site laundry facility, with many units also offering the added benefit of in-unit washer and dryer setups. The beautifully landscaped...Cedar Terrace Apartments presents an excellent investment opportunity with a strong mix of one- and two-bedroom units and consistent rental income. The property features eight spacious one-bedroom, one-bath apartments and five two-bedroom, one-bath apartments, collectively generating $14,917 per month in rental income. Residents enjoy convenient amenities, including an on-site laundry facility, with many units also offering the added benefit of in-unit washer and dryer setups. The beautifully landscaped grounds create an inviting atmosphere that enhances curb appeal and tenant satisfaction. Ideally located near restaurants, shopping, I-90, and downtown Spokane, Cedar Terrace combines accessibility with a comfortable living environment, making it a desirable option for both investors and tenants.
  1. Listed by Ryan Towner • LT Real Estate
  2. Listed by Dallas Lightner • LT Real Estate

Property Details for 1405 West 8th Avenue

Parking Features
Off Site
LISTING UPDATED: 01/21/2026 11:22 PM

Property Details for 1405 West 8th Avenue

StatusActive
MLS #202523584
Days on Market55
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Rental
Year Built1962
Lot Size0.28 AC / 12,297 SF
CountySpokane County

Location

Listing Courtesy of LT Real Estate
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Building Information for 1405 West 8th Avenue

Building/Complex1405 W 8th AveFloor-Stories2Residences13Pet Policy-Pet Policy Details-Year Built1962Building Size-

Payment Calculator

$9,584 per month

30 year fixed, 6.15% Interest

Principal and Interest

$8,286

Property Taxes

$1,298

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1405 West 8th Avenue

Summary
Location and General Information
  • County Or Parish: Spokane
  • Longitude: -117.43
  • Class: Rental Income
  • Latitude: 47.65
Taxes and HOA
  • Parcel Number: 25244.4001
Parking
  • Garage Spaces: .00
School Information
  • Middle Or Junior School: Sacajawea
Property
Lot Information
  • Lot Size Acres: 0.28
  • Lot Size Square Feet: 12297.0
  • Lot Size Length: 142
Property and Assessments
  • Construction Materials: Stone, Wood Siding
  • FIPS: 53063
  • Year Built: 1962
  • First Photo Additional Detail: 2025-09-06T02:14:26.8
Interior and Exterior Features
Exterior Features
  • Association Amenities: Laundry, Storage
  • Area: A220/040
  • Structure Type: Two Story
  • Road Frontage Type: City Street, Paved Road
  • Roof: Composition
Interior Features
  • Basement: Yes
  • Heating: Electric, Baseboard, Ductless
  • Basement: Full, Finished, Laundry
  • Stories: 2
Unit Information
Unit Information
  • Number Of Units Total: 13
Unit 1
  • Baths Total: 1
  • Beds Total: 1
  • Type: Unit A
  • Units Total: 8
Unit 2
  • Baths Total: 1
  • Beds Total: 2
  • Type: Unit B
  • Units Total: 5
Rental
Rental Information
  • Occupant Type: Tenant

Property History for 1405 West 8th Avenue

DateEvent & SourcePriceAppreciation
Sep 5, 2025

Listed (Active)

SPOKANEMLS #202523584

$1,742,000—
Sep 10, 2019

Sold (Public Record)

Public Record #654273188

$1,041,000

+9.6% / yr

Aug 8, 2012

Sold

Coeur D'Alene Multiple Listing Service #12-7226

$550,000—
Jul 31, 2012

Sold (Public Record)

Public Record #334979589

$544,100

+5.4% / yr

Jul 31, 2012

Pending

Coeur D'Alene Multiple Listing Service #12-7226

—
Jul 31, 2012

Listed (Active)

Coeur D'Alene Multiple Listing Service #12-7226

$550,000—
Apr 5, 2005

Sold

Coeur D'Alene Multiple Listing Service #05-2769

—
Apr 5, 2005

Listed (Active)

Coeur D'Alene Multiple Listing Service #05-2769

$455,000—
Mar 22, 2005

Sold (Public Record)

Public Record #153233614

$369,000—
DateEvent & SourcePrice
09/05/2025

Listed (Active)

SPOKANEMLS #202523584

$1,742,000
09/10/2019

Sold (Public Record)

Public Record #654273188

$1,041,000

+9.6% / yr

08/08/2012

Sold

Coeur D'Alene Multiple Listing Service #12-7226

$550,000
07/31/2012

Sold (Public Record)

Public Record #334979589

$544,100

+5.4% / yr

07/31/2012

Pending

Coeur D'Alene Multiple Listing Service #12-7226

—
07/31/2012

Listed (Active)

Coeur D'Alene Multiple Listing Service #12-7226

$550,000
04/05/2005

Sold

Coeur D'Alene Multiple Listing Service #05-2769

—
04/05/2005

Listed (Active)

Coeur D'Alene Multiple Listing Service #05-2769

$455,000
03/22/2005

Sold (Public Record)

Public Record #153233614

$369,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1405 West 8th Avenue

Taxable ValueLand$122,970Additions$1,488,230Total$1,611,200
Tax Record2024$15,576 ($1,298 / month)
Home Facts
Total Finished SqFt8,028 SqFtAbove Grade Finished SqFt8,028 SqFtStories2Lot Size12,297 SqFtStyleMulti-Family Res (5+ Units)Year Built1962Year Renovated2004CountySPOKANEAPN25244.4001

Schools near 1405 West 8th Avenue

This home is within Spokane School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Roosevelt Elementary School
PublicPK to 6

Sacajawea Middle School
Public7 to 8

Lewis & Clark High School
Public9 to 12

Carla Peperzak Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

1405 West 8th Avenue is a multi-family home for sale in Spokane, WA 99204. This property was listed for sale on September 5, 2025 by LT Real Estate, it's currently listed at $1,700,000. It has been on the market for a total of 55 days and was last sold on September 10, 2019. This listing's school district is Spokane School District. Nearby schools include Roosevelt Elementary School, Sacajawea Middle School and Lewis & Clark High School. 1405 West 8th Avenue is a 3-bed, 2-bath, 9,372 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LT Real Estate

Based on information submitted to the MLS GRID as of 01/21/2026 11:22 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.