407 W 1st Ave

Ritzville, WA 99169

$469,000
Price
—
Beds
1
Bath
4,004 Sq. Ft.
$117 / Sq. Ft.
4,004
Sq. Ft.
$117
per Sq. Ft.
a view of multiple house
a front view of a house with street
a view of swimming pool with sitting area
an aerial view of a city
an aerial view of a city
an aerial view of a city
a view of a city
an aerial view of a city
a view of kitchen with wooden floor and window
an empty room with wooden floor and windows
a kitchen with a sink a refrigerator and cabinets
an empty room with wooden floor and windows
a room with red cabinets and a window
a kitchen with a refrigerator and cabinets
a living room with furniture and wooden floor
a bedroom with furniture and a window
a bedroom with a bed and furniture
a kitchen with appliances cabinets and a sink
a bathroom with a sink a mirror and a toilet
a bathroom with a toilet sink and mirror
a bathroom with a toilet sink and tub
a bathroom with a sink toilet and mirror
a workspace with furniture and a window
a reading room with furniture wooden floor and a window
Listing provided courtesy of Windermere RE K-2 Realty

Description

Investment opportunity in the bustling town of Ritzville! Motel built in 1950 has been mostly remodeled with 8 studio apartments, one 1-bedroom unit with a full kitchen, two 2-bedroom units with a full kitchen, and a remodeled office space. New exterior paint, a coin-op laundry room was added and a brand new roof was installed in 2025. Each studio unit has it's own bathroom, a hot plate, microwave, and a small fridge. There are two studio units that need to be remodeled with the potential for 11...Investment opportunity in the bustling town of Ritzville! Motel built in 1950 has been mostly remodeled with 8 studio apartments, one 1-bedroom unit with a full kitchen, two 2-bedroom units with a full kitchen, and a remodeled office space. New exterior paint, a coin-op laundry room was added and a brand new roof was installed in 2025. Each studio unit has it's own bathroom, a hot plate, microwave, and a small fridge. There are two studio units that need to be remodeled with the potential for 11 total units of income.
  1. Listed by Jay P. Kincaid • Windermere RE K-2 Realty

Property Details for 407 West 1st Avenue

Community Name
Ritzville
School District
Ritzville
Number of Assigned Spaces
12
Total Covered Parking
0
Entry Date
12-16-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 12/28/2025 03:56 PM

Property Details for 407 West 1st Avenue

StatusActive
MLS #2461556
Days on Market20
Cumulative Days on Market20
Taxes$3,465 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.23 AC / 10,000 SF
CountyAdams County

Location

Listing Courtesy of Windermere RE K-2 Realty
Add your commute

Building Information for 407 West 1st Avenue

Stories1Residences1Year Built1950Building Size-Lot Size0.23 AC / 10,000 SF

Payment Calculator

$2,575 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,286

Property Taxes

$289

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 407 West 1st Avenue

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 381 - Adams County
  • Block: 24
  • Directions: From Moses Lake and Interstate-WA 90, take Exit 220, turn left on First Ave, towards downtown Ritzville, property is on the right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate, Vinyl, Carpet
  • Cooling: Yes
  • Cooling: Wall Unit(s), Window Unit(s)
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Metal/Vinyl, Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 4143.84
  • Power Company: Avista
  • Sewer Company: City of Ritzville
  • Water Company: City of Ritzville
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Concrete Ribbon
  • Zoning Remarks: Commercial,Multi-Family
  • Possible Use: Commercial, Multi-Family
  • Letter On File: Duplicate Prop Type
  • MLS Square Footage Source: County Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 26
Lot Information
  • Lot Number: 1&2
  • Lot Size Source: County Records
  • Parcel Number Free Text: 1935230502401
  • Building Condition: Fair
  • Calculated Square Footage: 4004
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 4004.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 1
  • Units Below Grade: false
Financing / Income and Expenses
  • Electric Expense: $8,079
  • Total Expenses: 22293.84
  • Gross Adjusted Income: 80520
  • Gross Rent Multiplier: 4.9
  • Gross Scheduled Income: $96,000
  • Insurance Expense: $5,886
  • Net Operating Income: $57,508
  • Other Expenses: $720
  • Total Monthly Income: 8000
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: false
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 400
  • Rent Unit 1: $675.00
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4004.0

Property History for 407 West 1st Avenue

DateEvent & SourcePriceAppreciation
Dec 16, 2025

Listed (Active)

NWMLS #2461556

$469,000—
Apr 14, 2025

Sold (Public Record)

Public Record #1555972841

$435,000

+13.7% / yr

Jan 6, 2023

Sold (Public Record)

Public Record #1504050614

$325,000

+42.6% / yr

Jan 7, 2021

Sold (Public Record)

Public Record #688371089

$160,000

-75.0% / yr

Jan 17, 2018

Sold (Public Record)

Public Record #694517703

$9,900,000—
Jan 17, 2018

Sold (Public Record)

Public Record #615859004

$99,000

+91.1% / yr

Jul 16, 2015

Sold (Public Record)

Public Record #553075392

$19,500—
DateEvent & SourcePrice
12/16/2025

Listed (Active)

NWMLS #2461556

$469,000
04/14/2025

Sold (Public Record)

Public Record #1555972841

$435,000

+13.7% / yr

01/06/2023

Sold (Public Record)

Public Record #1504050614

$325,000

+42.6% / yr

01/07/2021

Sold (Public Record)

Public Record #688371089

$160,000

-75.0% / yr

01/17/2018

Sold (Public Record)

Public Record #694517703

$9,900,000
01/17/2018

Sold (Public Record)

Public Record #615859004

$99,000

+91.1% / yr

07/16/2015

Sold (Public Record)

Public Record #553075392

$19,500

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

Public Records for 407 West 1st Avenue

Taxable ValueLand$14,000Additions$280,100Total$294,100
Tax Record2024$3,464 ($289 / month)
Home Facts
Total Finished SqFt3,544 SqFtAbove Grade Finished SqFt3,544 SqFtStories1Lot Size10,000 SqFtStyleHotel / MotelYear Built1950CountyADAMSAPN1-935-23-050-2401

Schools near 407 West 1st Avenue

This home is within Ritzville School District.
Rating
School
Type
Grades
Distance
Ritzville Grade School
Public - K to 5
Lind-Ritzville Middle School
Public - 6 to 8
Lind-Ritzville High School
Public - 9 to 12
Lind Ritzville Middle School
Public - 6 to 8
Rating
School
Distance
Ritzville Grade School
PublicK to 5

Lind-Ritzville Middle School
Public6 to 8

Lind-Ritzville High School
Public9 to 12

Lind Ritzville 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.

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More information about 407 West 1st Avenue, Ritzville, WA 99169

407 West 1st Avenue is a multi-family home for sale in Ritzville, WA 99169. This property was listed for sale on December 16, 2025 by Windermere RE K-2 Realty, it's currently listed at $469,000. It has been on the market for a total of 20 days and was last sold on April 14, 2025. This listing's school district is Ritzville School District. Nearby schools include Ritzville Grade School, Lind-Ritzville Middle School and Lind-Ritzville High School. 407 West 1st Avenue is a 0-bed, 1-bath, 4,004 sqft multi-family home built in 1950.

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 Windermere RE K-2 Realty

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/05/2026 11:32 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.