Real Estate Investment Properties for Sale in Spokane, WA

Looking for investment property in Spokane, WA with high ROI ?

Explore a variety of short-term homes & houses in Spokane, WA. Invest wisely with VRBO & Spokane, WA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Spokane, WA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
4021 N Elm St Spokane, WA Welcome to this charming 3 bedroom, 2 bathroom home on Spokaneâs Northside. The updated ...	3 beds \| 2 baths \| 1,648 sq.ft.	$350,000	Airbnb cash on cash: 3.16% Traditional cash on cash: 4.48% Airbnb Rental Income: $2315 Traditional Rental Income: $2173 Airbnb ROI: 3.16% Traditional ROI: 4.48%
12720 N Vistawood Ct Spokane, WA This one of a kind Kirkland Cutter home is a Historic Spokane Landmark recorded in the Spo...	5 beds \| 2 baths \| 3,036 sq.ft.	$875,000	Airbnb cash on cash: 3.56% Traditional cash on cash: 1.73% Airbnb Rental Income: $5396 Traditional Rental Income: $2817 Airbnb ROI: 3.56% Traditional ROI: 1.73%
423 W 1st Ave Spokane, WA Unique Downtown Condo! Located in the Historic Minnesota Building - this 2+ Bedroom/2 Bath...	2 beds \| 2 baths \| 1,760 sq.ft.	$499,900	Airbnb cash on cash: -1.26% Traditional cash on cash: 1.48% Airbnb Rental Income: $1186 Traditional Rental Income: $2081 Airbnb ROI: -1.26% Traditional ROI: 1.48%
930 S COWLEY St Spokane, WA Best View, top floor & Corner Unit in the Rockwood Condominiums. Experience sophisticated ...	2 beds \| 2 baths \| 1,342 sq.ft.	$395,000	Airbnb cash on cash: 1.23% Traditional cash on cash: 1.51% Airbnb Rental Income: $2507 Traditional Rental Income: $2003 Airbnb ROI: 1.23% Traditional ROI: 1.51%
1118 E 28th AVE Spokane, WA Charming South Hill Bungalow â Updated & Well Loved. Step inside this vintage South Hill...	3 beds \| 2 baths \| 2,180 sq.ft.	$479,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 4.36% Airbnb Rental Income: $1744 Traditional Rental Income: $2860 Airbnb ROI: 0.8% Traditional ROI: 4.36%
7411 N Quamish Dr Spokane, WA This one-of-a-kind modern home, designed by an award-winning architect, offers luxury, pri...	4 beds \| 4 baths \| 2,839 sq.ft.	$1,249,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 0.29% Airbnb Rental Income: $4112 Traditional Rental Income: $2612 Airbnb ROI: 0.83% Traditional ROI: 0.29%
1711 W 7th Ave Spokane, WA Welcome to this charming 2-bedroom, 1-bath condo located in the heart of Spokaneâs desir...	2 beds \| 1 baths \| 836 sq.ft.	$175,000	Airbnb cash on cash: 5.66% Traditional cash on cash: 4.62% Airbnb Rental Income: $2257 Traditional Rental Income: $1518 Airbnb ROI: 5.66% Traditional ROI: 4.62%
1403 N Farr Rd Spokane, WA This beautifully updated 3-bed, 2-bath home offers a perfect mix of modern style and comfo...	3 beds \| 2 baths \| 1,460 sq.ft.	$424,999	Airbnb cash on cash: -0.71% Traditional cash on cash: 4.25% Airbnb Rental Income: $943 Traditional Rental Income: $2570 Airbnb ROI: -0.71% Traditional ROI: 4.25%
4408 E 40th Ave Spokane, WA Gorgeous 2 story home with swimming pool situated on a quiet cul-de-sac in a peaceful neig...	4 beds \| 4 baths \| 3,382 sq.ft.	$695,000	Airbnb cash on cash: -0.97% Traditional cash on cash: 1.27% Airbnb Rental Income: $1123 Traditional Rental Income: $2197 Airbnb ROI: -0.97% Traditional ROI: 1.27%
8643 N James Dr Spokane, WA Welcome to this beautifully maintained & charming 3 bedroom, 3 bathroom two-story retreat,...	3 beds \| 3 baths \| 2,675 sq.ft.	$495,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 3.22% Airbnb Rental Income: $1838 Traditional Rental Income: $2456 Airbnb ROI: 0.82% Traditional ROI: 3.22%
1113 W MONTGOMERY Ave Spokane, WA Freshly updated bungalow with ADU. This 3 bedroom 1 bathroom home features fresh paint ins...	3 beds \| 1 baths \| 1,730 sq.ft.	$314,900	Airbnb cash on cash: 2.93% Traditional cash on cash: 4.54% Airbnb Rental Income: $2082 Traditional Rental Income: $2021 Airbnb ROI: 2.93% Traditional ROI: 4.54%
5934 N Buffalo St Spokane, WA Pended before listed.	4 beds \| 2 baths \| 2,162 sq.ft.	$440,000	Airbnb cash on cash: 5.27% Traditional cash on cash: 4.03% Airbnb Rental Income: $3817 Traditional Rental Income: $2481 Airbnb ROI: 5.27% Traditional ROI: 4.03%
3504 W 2nd Ave Spokane, WA Welcome to this inviting 3-bed farmhouse situated on a generous 0.28-acre corner lot in a ...	3 beds \| 2 baths \| 1,821 sq.ft.	$320,000	Airbnb cash on cash: 3.18% Traditional cash on cash: 5.34% Airbnb Rental Income: $2169 Traditional Rental Income: $2270 Airbnb ROI: 3.18% Traditional ROI: 5.34%
8930 E Ridgeline Ln Spokane, WA Looking for a great view? The Alder is a stunning daylight rancher designed to take full a...	4 beds \| 3 baths \| 3,369 sq.ft.	$824,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.91% Airbnb Rental Income: $null Traditional Rental Income: $2482 Airbnb ROI: N/A Traditional ROI: 1.91%
1823 S Maple Blvd Spokane, WA On iconic Maple Blvdâwhere tree-lined streets and historic charm meet the rhythm of Sout...	5 beds \| 3 baths \| 3,647 sq.ft.	$685,000	Airbnb cash on cash: 5.29% Traditional cash on cash: 2.49% Airbnb Rental Income: $5836 Traditional Rental Income: $2885 Airbnb ROI: 5.29% Traditional ROI: 2.49%
8712 E Ridgeline Ln Spokane, WA The Cyprus is a stunning daylight rancher designed to take full advantage of the sweeping ...	4 beds \| 3 baths \| 3,716 sq.ft.	$874,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.74% Airbnb Rental Income: $null Traditional Rental Income: $2482 Airbnb ROI: N/A Traditional ROI: 1.74%
1105 S Oswald St Spokane, WA Welcome to your new home! This 5 bedroom, 3 bath home features an inviting open concept la...	5 beds \| 3 baths \| 2,202 sq.ft.	$503,000	Airbnb cash on cash: 6.95% Traditional cash on cash: 3.54% Airbnb Rental Income: $5222 Traditional Rental Income: $2555 Airbnb ROI: 6.95% Traditional ROI: 3.54%
6903 E 42nd Ave Spokane, WA New price!! This stunningly renovated home on 3 treed acres, minutes from Spokaneâs Sout...	4 beds \| 4 baths \| 3,920 sq.ft.	$1,099,999	Airbnb cash on cash: -0.89% Traditional cash on cash: 2.39% Airbnb Rental Income: $1123 Traditional Rental Income: $4097 Airbnb ROI: -0.89% Traditional ROI: 2.39%
6618 S Echo Ridge St Spokane, WA Welcome to Eagle Ridge living! This spacious 2-story is made for gatherings, from summer B...	4 beds \| 4 baths \| N/A	$515,000	Airbnb cash on cash: 4.75% Traditional cash on cash: 5.97% Airbnb Rental Income: $4025 Traditional Rental Income: $3752 Airbnb ROI: 4.75% Traditional ROI: 5.97%
2311 W 16th Ave Spokane, WA Welcome to this charming 3-bed, 2-bath home in the highly sought-after Cascade 55+ gated c...	3 beds \| 2 baths \| 1,568 sq.ft.	$120,000	Airbnb cash on cash: 9.36% Traditional cash on cash: 9.08% Airbnb Rental Income: $2732 Traditional Rental Income: $2055 Airbnb ROI: 9.36% Traditional ROI: 9.08%
5522 N Cannon St Spokane, WA Tucked in the heart of Shadle, this charming 2 bed, 1 bath bungalow offers 672 sq ft of co...	2 beds \| 1 baths \| 672 sq.ft.	$210,000	Airbnb cash on cash: 4.8% Traditional cash on cash: 5.05% Airbnb Rental Income: $1924 Traditional Rental Income: $1465 Airbnb ROI: 4.8% Traditional ROI: 5.05%
324 E Everett Ave Spokane, WA Great investment opportunity! This adorable and updated 3 bedroom, 1 bath bungalow is loca...	3 beds \| 1 baths \| 1,074 sq.ft.	$289,892	Airbnb cash on cash: 4.35% Traditional cash on cash: 5.72% Airbnb Rental Income: $2315 Traditional Rental Income: $2115 Airbnb ROI: 4.35% Traditional ROI: 5.72%
820 N Post St Spokane, WA Enjoy the views and entertainment from this luxurious condo located within walking distanc...	3 beds \| 3 baths \| N/A	$1,699,900	Airbnb cash on cash: -1.18% Traditional cash on cash: -0.4% Airbnb Rental Income: $1435 Traditional Rental Income: $2228 Airbnb ROI: -1.18% Traditional ROI: -0.4%
1121 W Knox Ave Spokane, WA Welcome to this beautifully updated 3BD/1BA home that blends vintage charm with modern con...	3 beds \| 1 baths \| 1,470 sq.ft.	$344,899	Airbnb cash on cash: 2.64% Traditional cash on cash: 4.56% Airbnb Rental Income: $2082 Traditional Rental Income: $2171 Airbnb ROI: 2.64% Traditional ROI: 4.56%
2510 S Thierman Ln Spokane, WA Perched at the top of gated Broadmoor Estates, this stunning Paras built home is a timeles...	4 beds \| 5 baths \| 5,356 sq.ft.	$1,975,000	Airbnb cash on cash: -0.92% Traditional cash on cash: -0.52% Airbnb Rental Income: $2408 Traditional Rental Income: $2554 Airbnb ROI: -0.92% Traditional ROI: -0.52%
10501 E 8TH Ave Spokane, WA Charming 4-bed, 1-bath Spokane Valley home with 1,500+ sq. ft. of warmth and natural light...	4 beds \| 1 baths \| 1,500 sq.ft.	$340,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 3.88% Airbnb Rental Income: $1289 Traditional Rental Income: $1964 Airbnb ROI: 0.51% Traditional ROI: 3.88%
9010 N Five Mile Rd Spokane, WA Remodeled 1912 farmhouse on 4.94 acres in popular Five Mile Prairie. This home has been lo...	4 beds \| 2 baths \| 2,888 sq.ft.	$550,000	Airbnb cash on cash: 4.18% Traditional cash on cash: 2.54% Airbnb Rental Income: $4112 Traditional Rental Income: $2395 Airbnb ROI: 4.18% Traditional ROI: 2.54%
3108 N Pine Ct Spokane, WA Tucked on a quiet street in Spokaneâs beautiful Downriver neighborhood, just steps from ...	4 beds \| 2 baths \| 2,218 sq.ft.	$450,000	Airbnb cash on cash: 8.26% Traditional cash on cash: 3.49% Airbnb Rental Income: $5430 Traditional Rental Income: $2327 Airbnb ROI: 8.26% Traditional ROI: 3.49%
1506 W Mission Ave Spokane, WA Seller financing available, and a STEAL of a deal for a closing before 11/2! Own a piece o...	5 beds \| 4 baths \| 4,512 sq.ft.	$600,000	Airbnb cash on cash: 1.96% Traditional cash on cash: 2.43% Airbnb Rental Income: $2856 Traditional Rental Income: $2455 Airbnb ROI: 1.96% Traditional ROI: 2.43%
3223 S Custer Ln Spokane, WA Welcome to South Ridge! NEW CONSTRUCTION! Wait until you see this floor plan! This is ou...	5 beds \| 3 baths \| 3,368 sq.ft.	$649,990	Airbnb cash on cash: -0.05% Traditional cash on cash: 2.1% Airbnb Rental Income: $1741 Traditional Rental Income: $2565 Airbnb ROI: -0.05% Traditional ROI: 2.1%
214 W 6th Ave Spokane, WA Hurry, don't miss out! Priced to sell. This contemporary, unique first-floor corner unit c...	2 beds \| 2 baths \| N/A	$247,500	Airbnb cash on cash: 3.98% Traditional cash on cash: 4.37% Airbnb Rental Income: $2507 Traditional Rental Income: $1991 Airbnb ROI: 3.98% Traditional ROI: 4.37%
1823 W Northridge #15 Ct Spokane, WA Great Condo w/Sweeping Views!! This 2 Bedroom/1 Bathroom Condo is Updated & Move-in Ready ...	N/A beds \| N/A baths \| 853 sq.ft.	$199,900	Airbnb cash on cash: 0.68% Traditional cash on cash: 3.08% Airbnb Rental Income: $1766 Traditional Rental Income: $1739 Airbnb ROI: 0.68% Traditional ROI: 3.08%
802 W Bolan Ave Spokane, WA Overlook Place at Qualchan BRAND NEW CONSTRUCTION with stunning views and modern style. Ma...	4 beds \| 3 baths \| 2,764 sq.ft.	$515,000	Airbnb cash on cash: 3.69% Traditional cash on cash: 2.49% Airbnb Rental Income: $4025 Traditional Rental Income: $2588 Airbnb ROI: 3.69% Traditional ROI: 2.49%
7878 N Wilding Dr Spokane, WA Step into home ownership with low maintenance, easy living! This stylish 2-bd, 1.5ba town...	2 beds \| 2 baths \| 1,080 sq.ft.	$255,000	Airbnb cash on cash: 3.49% Traditional cash on cash: 5.73% Airbnb Rental Income: $1899 Traditional Rental Income: $1933 Airbnb ROI: 3.49% Traditional ROI: 5.73%
639 N Riverpoint Blvd Spokane, WA Welcome home to this beautiful, custom condo, overlooking the Spokane River and walking br...	2 beds \| 2 baths \| 1,672 sq.ft.	$450,000	Airbnb cash on cash: -3.1% Traditional cash on cash: 0.09% Airbnb Rental Income: $1427 Traditional Rental Income: $2342 Airbnb ROI: -3.1% Traditional ROI: 0.09%
5303 N Argonne Ln Spokane, WA Welcome to this pristine Mountain View Estates condoâwhere luxury meets convenience! Enj...	2 beds \| 2 baths \| 1,065 sq.ft.	$305,000	Airbnb cash on cash: -0.85% Traditional cash on cash: 3.95% Airbnb Rental Income: $1152 Traditional Rental Income: $2149 Airbnb ROI: -0.85% Traditional ROI: 3.95%
2102 E 30th Ave Spokane, WA Discover the perfect blend of space, comfort, and convenience in this beautifully maintain...	2 beds \| 3 baths \| 1,442 sq.ft.	$319,000	Airbnb cash on cash: 1.72% Traditional cash on cash: 2.93% Airbnb Rental Income: $2142 Traditional Rental Income: $1960 Airbnb ROI: 1.72% Traditional ROI: 2.93%
2414 E Casper Dr Spokane, WA 2414 E. Casper Dr. is an Occupied Duplex built in 1976 with a Side by Side construction st...	4 beds \| 2 baths \| 2,880 sq.ft.	$475,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 1.68% Airbnb Rental Income: $1123 Traditional Rental Income: $1745 Airbnb ROI: -0.57% Traditional ROI: 1.68%
2514 E Casper Dr Spokane, WA Latah Creelk golf course community condo. 1440sqft 2 story unit with 2bedrooms 1bathroom l...	2 beds \| 1 baths \| 1,440 sq.ft.	$299,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 3.32% Airbnb Rental Income: $1358 Traditional Rental Income: $1745 Airbnb ROI: 0.47% Traditional ROI: 3.32%
1306 E Blackwood Ln Spokane, WA Spectacular Latah Valley view from this pristine Blackwood two story on oversized .40 acre...	4 beds \| 3 baths \| 4,246 sq.ft.	$799,950	Airbnb cash on cash: 2.13% Traditional cash on cash: 1.43% Airbnb Rental Income: $4025 Traditional Rental Income: $2644 Airbnb ROI: 2.13% Traditional ROI: 1.43%

Real Estate investment in Spokane, WA

There are 632 properties for sale in the city of Spokane . The median list price in Spokane is $434,900 and the average price per square foot is $177. In October 2025, the average monthly cash on cash return in Spokane is 4.00%. The average monthly rental income in Spokane is $2,306.

Spokane, WA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 632 investment properties available for sale in Spokane.

In 2025, the best neighborhood to buy investment property is Latah Valley.

The ROI for Long-Term is higher than the Short-Term in Spokane with average rental income of $2,306.

Your search for investment property begins and ends here

Investment Property for Sale in Spokane, WA

4021 N Elm St

Spokane, WA

3 beds | 2 baths | 1,648 sq.ft.

$350,000

Airbnb cash on cash: 3.16%

Traditional cash on cash: 4.48%

Airbnb Rental Income: $2315

Traditional Rental Income: $2173

Airbnb ROI: 3.16%

Traditional ROI: 4.48%

12720 N Vistawood Ct

Spokane, WA

5 beds | 2 baths | 3,036 sq.ft.

$875,000

Airbnb cash on cash: 3.56%

Traditional cash on cash: 1.73%

Airbnb Rental Income: $5396

Traditional Rental Income: $2817

Airbnb ROI: 3.56%

Traditional ROI: 1.73%

423 W 1st Ave

Spokane, WA

2 beds | 2 baths | 1,760 sq.ft.

$499,900

Airbnb cash on cash: -1.26%

Traditional cash on cash: 1.48%

Airbnb Rental Income: $1186

Traditional Rental Income: $2081

Airbnb ROI: -1.26%

Traditional ROI: 1.48%

930 S COWLEY St

Spokane, WA

2 beds | 2 baths | 1,342 sq.ft.

$395,000

Airbnb cash on cash: 1.23%

Traditional cash on cash: 1.51%

Airbnb Rental Income: $2507

Traditional Rental Income: $2003

Airbnb ROI: 1.23%

Traditional ROI: 1.51%

1118 E 28th AVE

Spokane, WA

3 beds | 2 baths | 2,180 sq.ft.

$479,000

Airbnb cash on cash: 0.8%

Traditional cash on cash: 4.36%

Airbnb Rental Income: $1744

Traditional Rental Income: $2860

Airbnb ROI: 0.8%

Traditional ROI: 4.36%

7411 N Quamish Dr

Spokane, WA

4 beds | 4 baths | 2,839 sq.ft.

$1,249,000

Airbnb cash on cash: 0.83%

Traditional cash on cash: 0.29%

Airbnb Rental Income: $4112

Traditional Rental Income: $2612

Airbnb ROI: 0.83%

Traditional ROI: 0.29%

1711 W 7th Ave

Spokane, WA

2 beds | 1 baths | 836 sq.ft.

$175,000

Airbnb cash on cash: 5.66%

Traditional cash on cash: 4.62%

Airbnb Rental Income: $2257

Traditional Rental Income: $1518

Airbnb ROI: 5.66%

Traditional ROI: 4.62%

1403 N Farr Rd

Spokane, WA

3 beds | 2 baths | 1,460 sq.ft.

$424,999

Airbnb cash on cash: -0.71%

Traditional cash on cash: 4.25%

Airbnb Rental Income: $943

Traditional Rental Income: $2570

Airbnb ROI: -0.71%