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
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mike Rudnev

Mike Rudnev

+1(206) 430-1717
Listed by:Windermere RE K-2 Realty • Jay P. Kincaid
$ 465,000
Est. payment | /mo

10,000 Sqft Lot

Save
$ 465,000
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

Mike Rudnev

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(206) 430-1717

mike.rudnev@exprealty.com

100 Andover Park West Ste 150-185, Tukwila, WA 98188, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree to receive recurring marketing communication from Mike Rudnev, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Go tour this home

407 1st AVE