407 1st Avenue
Ritzville, WA 99169
$465,000
MLS# NWM2461226
0.2296
Acres
277
Days Listed
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.
Listing Updated: Sep 17, 2026, 6:39 PM UTC
Photos Updated: Jun 29, 2026
OnSite last checked: Sep 18, 2026, 1:35 AM UTC|Source: NWMLS as Distributed by MLS Grid #NWM2461226
Listing provided courtesy of Northwest MLS. Information contained herein is derived from different sources but has not been independently verified by OnSite Real Estate Group, MLS Grid, or the MLS, and should be verified by the buyer. 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 or agent presenting the information.
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Listed By
Questions? Contact OnSite
André Bohall
WA Lic. #25031564 · OnSite Real Estate Group
Listing data provided by NWMLS as distributed by MLS Grid. Data last refreshed: Sep 18, 2026, 1:35 AM UTC.
Based on information submitted to the MLS Grid as of Fri, Sep 18, 2026. 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.
IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.
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