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
2 E Sumner Ave Spokane, WA Rare opportunity to experience comfort and luxury just blocks from Manito Park on the Sout...	3 beds \| 3 baths \| 2,021 sq.ft.	$825,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 1.4% Airbnb Rental Income: $1886 Traditional Rental Income: $2636 Airbnb ROI: -0.23% Traditional ROI: 1.4%
16609 N Columbus Dr Spokane, WA Tucked away in the sought-after Wellington Heights neighborhood in North Spokane, this bea...	4 beds \| 3 baths \| 2,500 sq.ft.	$534,900	Airbnb cash on cash: 0.49% Traditional cash on cash: 2.92% Airbnb Rental Income: $1733 Traditional Rental Income: $2470 Airbnb ROI: 0.49% Traditional ROI: 2.92%
5205 N Argonne Ln #7 Spokane, WA Discover comfort and convenience in this beautifully located top floor condo, tucked away ...	2 beds \| 2 baths \| 1,065 sq.ft.	$260,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 5.18% Airbnb Rental Income: $1165 Traditional Rental Income: $2154 Airbnb ROI: -0.41% Traditional ROI: 5.18%
12720 N Vistawood Ct Spokane, WA Own a rare piece of Spokane history w/ the Waikiki Farm Manager's Residence, a beautifully...	4 beds \| 2 baths \| 4,075 sq.ft.	$835,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 1.86% Airbnb Rental Income: $1733 Traditional Rental Income: $2817 Airbnb ROI: -0.15% Traditional ROI: 1.86%
1118 E 28th Ave Spokane, WA Charming South Hill Bungalow - Updated & Well Loved. Step inside this vintage South Hill b...	3 beds \| 2 baths \| 2,180 sq.ft.	$459,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 4.59% Airbnb Rental Income: $1753 Traditional Rental Income: $2860 Airbnb ROI: 0.89% Traditional ROI: 4.59%
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: -0.1% Traditional cash on cash: 4.25% Airbnb Rental Income: $1235 Traditional Rental Income: $2570 Airbnb ROI: -0.1% Traditional ROI: 4.25%
714 E Edenderry Ct Spokane, WA Phenomenal view property in the exceptional Highland Park neighborhood on a private cul de...	4 beds \| 4 baths \| 7,005 sq.ft.	$1,150,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 1.67% Airbnb Rental Income: $2953 Traditional Rental Income: $4081 Airbnb ROI: -0.02% Traditional ROI: 1.67%
1608 W 8TH Ave #203 Spokane, WA Updated condo on Spokane's lower south hill. Comes furnished and tastefully decorated!! Gr...	2 beds \| 1 baths \| 770 sq.ft.	$225,000	Airbnb cash on cash: 1.14% Traditional cash on cash: 5.39% Airbnb Rental Income: $1173 Traditional Rental Income: $1693 Airbnb ROI: 1.14% Traditional ROI: 5.39%
8930 E Ridgeline Ln Spokane, WA Sunview Ridge Model Home now offered at a great price!! Looking for a great view, main flo...	4 beds \| 3 baths \| 3,369 sq.ft.	$724,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.31% Airbnb Rental Income: $null Traditional Rental Income: $2482 Airbnb ROI: N/A Traditional ROI: 2.31%
6831 S Blackwing Ct Spokane, WA Daylight rancher main floor includes living/dining/kitchen "great room", ensuite main bedr...	4 beds \| 3 baths \| 2,720 sq.ft.	$594,500	Airbnb cash on cash: 1.98% Traditional cash on cash: 3.34% Airbnb Rental Income: $2953 Traditional Rental Income: $3027 Airbnb ROI: 1.98% Traditional ROI: 3.34%
3629 E 34th Ave Spokane, WA This South Hill home is recently updated just in time for your purchase. New flooring, new...	3 beds \| 2 baths \| 1,440 sq.ft.	$342,000	Airbnb cash on cash: 2.84% Traditional cash on cash: 5.27% Airbnb Rental Income: $2128 Traditional Rental Income: $2366 Airbnb ROI: 2.84% Traditional ROI: 5.27%
314 E 10th Ave Spokane, WA Move right into this fabulous, custom three-story townhouse featuring stylish contemporary...	2 beds \| 3 baths \| 2,026 sq.ft.	$740,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 1.93% Airbnb Rental Income: $1498 Traditional Rental Income: $2915 Airbnb ROI: -0.76% Traditional ROI: 1.93%
3717 E Pacific Ave Spokane, WA You will not find a home in this price range with more to offer! Everything old was made n...	3 beds \| 2 baths \| 1,344 sq.ft.	$314,999	Airbnb cash on cash: 2.4% Traditional cash on cash: 6.28% Airbnb Rental Income: $1713 Traditional Rental Income: $2390 Airbnb ROI: 2.4% Traditional ROI: 6.28%
1857 E 8th Ave Spokane, WA Seller offering Buyer Incentive! This Perry District rancher offers the personality and se...	5 beds \| 3 baths \| 2,928 sq.ft.	$524,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.46% Airbnb Rental Income: $null Traditional Rental Income: $3607 Airbnb ROI: N/A Traditional ROI: 5.46%
1528 E Cataldo Ave Spokane, WA Charming 2-bedroom bungalow on a spacious corner lot with vaulted ceilings. The open floor...	2 beds \| 1 baths \| 646 sq.ft.	$259,990	Airbnb cash on cash: 0.94% Traditional cash on cash: 4.48% Airbnb Rental Income: $1165 Traditional Rental Income: $1650 Airbnb ROI: 0.94% Traditional ROI: 4.48%
5210 S Stone Ln Spokane, WA Thoughtfully designed two-story home on a quiet South Hill street offering a functional fl...	4 beds \| 3 baths \| 2,181 sq.ft.	$549,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 3.77% Airbnb Rental Income: $2298 Traditional Rental Income: $2879 Airbnb ROI: 1.53% Traditional ROI: 3.77%
3621 S Bernard St Spokane, WA Foxwood Design Co. took a 1955 South Hill mid-century modern 2 blocks from High Drive & re...	5 beds \| 4 baths \| 4,344 sq.ft.	$950,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.39% Airbnb Rental Income: $null Traditional Rental Income: $4274 Airbnb ROI: N/A Traditional ROI: 3.39%
1708 W Gardner Ave Spokane, WA Exceptional multifamily investment opportunity in North Spokane! This income-producing 7-p...	6 beds \| 5 baths \| N/A	$899,900	Airbnb cash on cash: -1.12% Traditional cash on cash: -0.27% Airbnb Rental Income: $1084 Traditional Rental Income: $1426 Airbnb ROI: -1.12% Traditional ROI: -0.27%
4311 W Everett Ave Spokane, WA Charming and full of character, this fantastic single-level 2 bed, 1 bath home offers comf...	2 beds \| 1 baths \| 1,056 sq.ft.	$270,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 5.09% Airbnb Rental Income: $984 Traditional Rental Income: $1816 Airbnb ROI: 0.43% Traditional ROI: 5.09%
5522 N Cannon St Spokane, WA Bank-approved short sale! Charming, move-in ready, and packed with potential, this delight...	2 beds \| 1 baths \| 672 sq.ft.	$235,000	Airbnb cash on cash: 1.4% Traditional cash on cash: 4.21% Airbnb Rental Income: $1235 Traditional Rental Income: $1465 Airbnb ROI: 1.4% Traditional ROI: 4.21%
324 E Everett Ave Spokane, WA Northside charmer offering convenient single-level living with no stairs! This 3-bedroom, ...	3 beds \| 1 baths \| N/A	$229,900	Airbnb cash on cash: 0.88% Traditional cash on cash: 7.16% Airbnb Rental Income: $1127 Traditional Rental Income: $2115 Airbnb ROI: 0.88% Traditional ROI: 7.16%
11724 N Kathy Ln Spokane, WA Northside rancher just minutes from the prestigious Kalispel Golf & Country Club in the hi...	4 beds \| 3 baths \| 3,218 sq.ft.	$550,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 3.72% Airbnb Rental Income: $1733 Traditional Rental Income: $3053 Airbnb ROI: 0.22% Traditional ROI: 3.72%
2510 S Thierman Ln Spokane, WA Set at the top of gated Broadmoor Estates, one of the area's premier neighborhoods, this p...	5 beds \| 5 baths \| 5,356 sq.ft.	$1,895,000	Airbnb cash on cash: -0.08% Traditional cash on cash: -0.44% Airbnb Rental Income: $4053 Traditional Rental Income: $2554 Airbnb ROI: -0.08% Traditional ROI: -0.44%
1153 E Wandermere Estates Ln Spokane, WA Welcome to luxury living in the desirable Wandermere Estates 55+ community! Situated on ne...	4 beds \| 4 baths \| N/A	$950,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 2.37% Airbnb Rental Income: $1733 Traditional Rental Income: $3813 Airbnb ROI: -0.52% Traditional ROI: 2.37%
3832 E Central Ave Spokane, WA HUD Home. Check out this bright and inviting bungalow. There's a lot to like here. Newer v...	2 beds \| 1 baths \| 768 sq.ft.	$162,500	Airbnb cash on cash: 1.66% Traditional cash on cash: 6.23% Airbnb Rental Income: $1165 Traditional Rental Income: $1491 Airbnb ROI: 1.66% Traditional ROI: 6.23%
704 W 6th Ave #301 Spokane, WA Elevated Downtown Spokane Condo easy access to restaurants, coffee & shopping. This histor...	1 beds \| 1 baths \| 534 sq.ft.	$145,000	Airbnb cash on cash: -1.52% Traditional cash on cash: 3.98% Airbnb Rental Income: $1003 Traditional Rental Income: $1411 Airbnb ROI: -1.52% Traditional ROI: 3.98%
1823 W Northridge Ct #15 Spokane, WA Don't miss out on this Incredible Value!!! Priced 30k under tax assessed value. Beautifull...	2 beds \| 1 baths \| N/A	$199,900	Airbnb cash on cash: -1.32% Traditional cash on cash: 3.49% Airbnb Rental Income: $1217 Traditional Rental Income: $1739 Airbnb ROI: -1.32% Traditional ROI: 3.49%
4811 N Lincoln St Spokane, WA Mild fixer with 4+ bedrooms and 2 baths in downtown Spokane. This classic brick rambler of...	4 beds \| 2 baths \| N/A	$295,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 4.83% Airbnb Rental Income: $1394 Traditional Rental Income: $2033 Airbnb ROI: 1.02% Traditional ROI: 4.83%
7878 N WILDING Dr Spokane, WA Welcome to this charming 2-bedroom, 1.5-bath townhouse offering 994 square feet of comfort...	2 beds \| 2 baths \| 994 sq.ft.	$234,900	Airbnb cash on cash: 0.24% Traditional cash on cash: 5.94% Airbnb Rental Income: $1028 Traditional Rental Income: $1933 Airbnb ROI: 0.24% Traditional ROI: 5.94%
451 W 21st Ave Spokane, WA This stunning Victorian home perfectly blends historic charm and modern living! From the m...	5 beds \| 4 baths \| 3,543 sq.ft.	$995,000	Airbnb cash on cash: 1.41% Traditional cash on cash: 0.83% Airbnb Rental Income: $3953 Traditional Rental Income: $2569 Airbnb ROI: 1.41% Traditional ROI: 0.83%
3011 E Queen Ave Spokane, WA Located in Spokane's up and coming Hillyard neighborhood, the Queen Apartments present an ...	3 beds \| N/A baths \| 4,656 sq.ft.	$395,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 1.95% Airbnb Rental Income: $1041 Traditional Rental Income: $1592 Airbnb ROI: -0.52% Traditional ROI: 1.95%
3002 N Crestline St Spokane, WA This modern four-plex is a true income performer, purpose-built to maximize rentability, m...	8 beds \| 6 baths \| 3,370 sq.ft.	$900,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.22% Airbnb Rental Income: $null Traditional Rental Income: $1924 Airbnb ROI: N/A Traditional ROI: 0.22%
2214 W Northwest Blvd Spokane, WA Turnkey investment opportunity! This fully occupied 6-plex offers immediate cash flow and ...	4 beds \| 4 baths \| 2,832 sq.ft.	$499,900	Airbnb cash on cash: 1.46% Traditional cash on cash: 1.68% Airbnb Rental Income: $2179 Traditional Rental Income: $1729 Airbnb ROI: 1.46% Traditional ROI: 1.68%
4112 W Wellesley Ave Spokane, WA Welcome home - completely updated in 2022 with a fresh, modern feel throughout, this charm...	4 beds \| 2 baths \| 1,797 sq.ft.	$370,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 4.03% Airbnb Rental Income: $1660 Traditional Rental Income: $2154 Airbnb ROI: 1.26% Traditional ROI: 4.03%
1527 E Woodcliff Rd Spokane, WA Luxury entertaining awaits in this 5-bedroom, 5-bathroom Rockwood estate on a landscaped c...	5 beds \| 5 baths \| 6,645 sq.ft.	$1,750,000	Airbnb cash on cash: 0.18% Traditional cash on cash: -0.09% Airbnb Rental Income: $3953 Traditional Rental Income: $2667 Airbnb ROI: 0.18% Traditional ROI: -0.09%
6511 N Atlantic St Spokane, WA Incredible opportunity to acquire this 10-unit apartment located across the retail plaza o...	3 beds \| 2 baths \| 7,950 sq.ft.	$1,790,000	Airbnb cash on cash: -1.17% Traditional cash on cash: -0.52% Airbnb Rental Income: $1133 Traditional Rental Income: $1823 Airbnb ROI: -1.17% Traditional ROI: -0.52%
11625 N Alberta Ln Spokane, WA Elegant residence located near Kalispel Golf & Whitworth University, and just minutes to N...	5 beds \| 3 baths \| 2,920 sq.ft.	$950,000	Airbnb cash on cash: 1.91% Traditional cash on cash: 1.54% Airbnb Rental Income: $4163 Traditional Rental Income: $2959 Airbnb ROI: 1.91% Traditional ROI: 1.54%
2715 N Boeing Rd Spokane, WA Don't miss this incredible investment opportunity! This beautifully designed duplex featur...	6 beds \| N/A baths \| 3,006 sq.ft.	$695,900	Airbnb cash on cash: -0.88% Traditional cash on cash: 0.9% Airbnb Rental Income: $1235 Traditional Rental Income: $1994 Airbnb ROI: -0.88% Traditional ROI: 0.9%
1412 E 36th Ave Spokane, WA Completely remodeled in 2026, this South Hill charmer blends modern updates with the conve...	1 beds \| 1 baths \| 816 sq.ft.	$257,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 3.75% Airbnb Rental Income: $993 Traditional Rental Income: $1426 Airbnb ROI: 0.51% Traditional ROI: 3.75%

Real Estate investment in Spokane, WA

There are 859 properties for sale in the city of Spokane . The median list price in Spokane is $368,729 and the average price per square foot is $150. In August 2026, the average monthly cash on cash return in Spokane is 4.00%. The average monthly rental income in Spokane is $2,491.

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

There are 859 investment properties available for sale in Spokane.

In 2026, the best neighborhood to buy investment property is East Central.

The ROI for Long-Term is higher than the Short-Term in Spokane with average rental income of $2,491.

Your search for investment property begins and ends here

Investment Property for Sale in Spokane, WA

2 E Sumner Ave

Spokane, WA

3 beds | 3 baths | 2,021 sq.ft.

$825,000

Airbnb cash on cash: -0.23%

Traditional cash on cash: 1.4%

Airbnb Rental Income: $1886

Traditional Rental Income: $2636

Airbnb ROI: -0.23%

Traditional ROI: 1.4%

16609 N Columbus Dr

Spokane, WA

4 beds | 3 baths | 2,500 sq.ft.

$534,900

Airbnb cash on cash: 0.49%

Traditional cash on cash: 2.92%

Airbnb Rental Income: $1733

Traditional Rental Income: $2470

Airbnb ROI: 0.49%

Traditional ROI: 2.92%

5205 N Argonne Ln #7

Spokane, WA

2 beds | 2 baths | 1,065 sq.ft.

$260,000

Airbnb cash on cash: -0.41%

Traditional cash on cash: 5.18%

Airbnb Rental Income: $1165

Traditional Rental Income: $2154

Airbnb ROI: -0.41%

Traditional ROI: 5.18%

12720 N Vistawood Ct

Spokane, WA

4 beds | 2 baths | 4,075 sq.ft.

$835,000

Airbnb cash on cash: -0.15%

Traditional cash on cash: 1.86%

Airbnb Rental Income: $1733

Traditional Rental Income: $2817

Airbnb ROI: -0.15%

Traditional ROI: 1.86%

1118 E 28th Ave

Spokane, WA

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

$459,000

Airbnb cash on cash: 0.89%

Traditional cash on cash: 4.59%

Airbnb Rental Income: $1753

Traditional Rental Income: $2860

Airbnb ROI: 0.89%

Traditional ROI: 4.59%

1403 N Farr Rd

Spokane, WA

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

$424,999

Airbnb cash on cash: -0.1%

Traditional cash on cash: 4.25%

Airbnb Rental Income: $1235

Traditional Rental Income: $2570

Airbnb ROI: -0.1%

Traditional ROI: 4.25%

714 E Edenderry Ct

Spokane, WA

4 beds | 4 baths | 7,005 sq.ft.

$1,150,000

Airbnb cash on cash: -0.02%

Traditional cash on cash: 1.67%

Airbnb Rental Income: $2953

Traditional Rental Income: $4081

Airbnb ROI: -0.02%

Traditional ROI: 1.67%

1608 W 8TH Ave #203

Spokane, WA

2 beds | 1 baths | 770 sq.ft.

$225,000

Airbnb cash on cash: 1.14%

Traditional cash on cash: 5.39%

Airbnb Rental Income: $1173

Traditional Rental Income: $1693

Airbnb ROI: 1.14%