407 1st AVE, Ritzville, WA 99169
407 1st AVE, Ritzville, WA 99169
407 1st AVE, Ritzville, WA 99169
407 1st AVE, Ritzville, WA 99169
407 1st AVE, Ritzville, WA 99169
407 1st AVE, Ritzville, WA 99169
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Jenn Pederson

Jenn Pederson

+1(808) 205-3000
Listed by:Windermere RE K-2 Realty • Jay P. Kincaid
$ 479,000
Est. payment | /mo

10,000 Sqft Lot

Save
$ 479,000
Est. payment | /mo
Save

10,000 Sqft Lot

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Ritzville

MLS Listing ID 2461226

Style 64 - Hotel/Motel

Year Built 1950

Annual Tax Amount $3,465

Lot Size 10,000 Sqft

Property Sub-Type Commercial Industrial

Property Description

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.

Location

State WA

County Adams

Area 381 - Adams County

Interior

Flooring Laminate, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Metal/Vinyl, Wood

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations
Jenn Pederson

Experience the power of collaboration with Jenn and her Team of highly successful experienced professionals who focus obsessively on the details of your unique needs, process, transactional excellence, and exceeding expectations. With an exceptional reputation, you can expect to inherit decades of resources, connections, and industry/market knowledge required to confidently and successfully execute all your real estate needs.

+1(808) 205-3000

[email protected]

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407 1st AVE