Real Estate Investments for Sale in Spokane, WA With High ROI

Are you looking for a vacation rental in Spokane, WA? Look no further! We have a wide variety of vacation available for sale, including beachfront condos, mountain single-family homes, townhouses, vacation homes and everything in between.

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
5112 E Frederick Spokane, WA Located in the central Riverton Addition, this home offers a prime location with convenien...	4 beds \| 3 baths \| 1,614 sq.ft.	$410,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.08% Airbnb Rental Income: $null Traditional Rental Income: $2766 Airbnb ROI: N/A Traditional ROI: 5.08%
2 E Sumner #1 Spokane, WA Located on one of Spokane's premier streets. This condo has a great location and has the c...	3 beds \| 3 baths \| 2,021 sq.ft.	$825,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 1.24% Airbnb Rental Income: $3235 Traditional Rental Income: $2563 Airbnb ROI: 1.17% Traditional ROI: 1.24%
1615 W KIERNAN Spokane, WA Charming, well maintained Shadle rancher! Inviting living room with beautiful brick firepl...	4 beds \| 2 baths \| 1,976 sq.ft.	$380,000	Airbnb cash on cash: 5.05% Traditional cash on cash: 4.61% Airbnb Rental Income: $3321 Traditional Rental Income: $2425 Airbnb ROI: 5.05% Traditional ROI: 4.61%
3214 W Lacrosse Spokane, WA Downriver Audubon Cottage! Walk to all your favorite parks and restaurants! Beautifully up...	2 beds \| 2 baths \| 1,285 sq.ft.	$350,000	Airbnb cash on cash: 3.76% Traditional cash on cash: 3.89% Airbnb Rental Income: $2598 Traditional Rental Income: $2020 Airbnb ROI: 3.76% Traditional ROI: 3.89%
5521 N Walnut Spokane, WA You're going to fall in love with this quaint bungalow located in Northwest Spokane! Featu...	4 beds \| 2 baths \| 2,044 sq.ft.	$330,000	Airbnb cash on cash: 6.49% Traditional cash on cash: 6.02% Airbnb Rental Income: $3321 Traditional Rental Income: $2431 Airbnb ROI: 6.49% Traditional ROI: 6.02%
8605 N Five Mile Spokane, WA Early 1900's Farmhouse, a fine example of Wabi Sabi for those who gravitate toward authent...	3 beds \| 1 baths \| 1,350 sq.ft.	$398,900	Airbnb cash on cash: 4.16% Traditional cash on cash: 2.69% Airbnb Rental Income: $2740 Traditional Rental Income: $1547 Airbnb ROI: 4.16% Traditional ROI: 2.69%
1302 W Chaucer Spokane, WA Welcome to this spacious Five Mile area home! With over 3800 square feet, this home has r...	5 beds \| 4 baths \| 3,808 sq.ft.	$650,000	Airbnb cash on cash: 6.55% Traditional cash on cash: 4.48% Airbnb Rental Income: $6431 Traditional Rental Income: $3917 Airbnb ROI: 6.55% Traditional ROI: 4.48%
1316 N Hollis Spokane, WA Welcome to your dream home! This fully updated 3 bed, 3 bath bungalow boasts modern luxury...	3 beds \| 3 baths \| 2,304 sq.ft.	$480,000	Airbnb cash on cash: 3.66% Traditional cash on cash: 4.39% Airbnb Rental Income: $3019 Traditional Rental Income: $2651 Airbnb ROI: 3.66% Traditional ROI: 4.39%
4309 S Pinegrove Spokane, WA $7,500 Buyers Credit with Full Price Offer! Quality Craftsmanship and attention to detail ...	4 beds \| 3 baths \| 2,204 sq.ft.	$689,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.51% Airbnb Rental Income: $null Traditional Rental Income: $2903 Airbnb ROI: N/A Traditional ROI: 2.51%
5515 S Chaperon Peak Spokane, WA Welcome to your dream home in the coveted Eagle Ridge community! Built in 2013 on a single...	2 beds \| 2 baths \| 1,778 sq.ft.	$575,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 2.1% Airbnb Rental Income: $2376 Traditional Rental Income: $2152 Airbnb ROI: 1.42% Traditional ROI: 2.1%
2724 S Manito Spokane, WA Absolutely incredible craftsman features modern updates and sits on a premier boulevard on...	4 beds \| 3 baths \| 2,917 sq.ft.	$849,900	Airbnb cash on cash: 1.6% Traditional cash on cash: 1.73% Airbnb Rental Income: $3697 Traditional Rental Income: $2994 Airbnb ROI: 1.6% Traditional ROI: 1.73%
9715 E Hoffman Spokane, WA $40K PRICE IMPROVEMENT! Welcome to your West Valley dream home! This stunning 2-story resi...	5 beds \| 3 baths \| 2,416 sq.ft.	$510,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.97% Airbnb Rental Income: $null Traditional Rental Income: $3066 Airbnb ROI: N/A Traditional ROI: 4.97%
5710 N Sutherlin Spokane, WA Great Northwest Area Brick Home! This 3 Bedroom 2 Bath Home Features: an Open Living Room ...	3 beds \| 2 baths \| 1,694 sq.ft.	$335,000	Airbnb cash on cash: 4.89% Traditional cash on cash: 4.73% Airbnb Rental Income: $2926 Traditional Rental Income: $2200 Airbnb ROI: 4.89% Traditional ROI: 4.73%
3412 W Longfellow Spokane, WA Discover this beautifully updated 3-bedroom, 2-bath home in the sought-after Audubon Shadl...	3 beds \| 2 baths \| 1,720 sq.ft.	$389,000	Airbnb cash on cash: 4.1% Traditional cash on cash: 3.97% Airbnb Rental Income: $2926 Traditional Rental Income: $2203 Airbnb ROI: 4.1% Traditional ROI: 3.97%
3917 N Normandie Spokane, WA Garland District! Charming home and needs a little love! The home is steps away from Clark...	3 beds \| 1 baths \| 2,409 sq.ft.	$295,000	Airbnb cash on cash: 6.13% Traditional cash on cash: 3.71% Airbnb Rental Income: $2937 Traditional Rental Income: $1585 Airbnb ROI: 6.13% Traditional ROI: 3.71%
3510 W Wellesley Spokane, WA Welcome to your future home! Nestled on the quieter part of Wellesley Ave, this charming t...	3 beds \| 1 baths \| 1,340 sq.ft.	$309,500	Airbnb cash on cash: 5.73% Traditional cash on cash: 3.47% Airbnb Rental Income: $2926 Traditional Rental Income: $1591 Airbnb ROI: 5.73% Traditional ROI: 3.47%
2523 E 1st Spokane, WA HUGE Opportunity for a Owner-Occupant to Significantly Offset Mortgage Payment or Great Re...	3 beds \| 2 baths \| 2,010 sq.ft.	$299,978	Airbnb cash on cash: 8.47% Traditional cash on cash: 5.55% Airbnb Rental Income: $3817 Traditional Rental Income: $2168 Airbnb ROI: 8.47% Traditional ROI: 5.55%
752 E 26th Spokane, WA Welcome to a dream come true in the heart of Rockwood, a coveted neighborhood feeding into...	4 beds \| 5 baths \| 3,593 sq.ft.	$1,235,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 2.37% Airbnb Rental Income: $3514 Traditional Rental Income: $4442 Airbnb ROI: 0.88% Traditional ROI: 2.37%
611 E Decatur Spokane, WA Cute, cute, cute!!!! This adorable 3 bed 2 bath rancher is the perfect family house. With ...	3 beds \| 2 baths \| 1,872 sq.ft.	$359,900	Airbnb cash on cash: 3.15% Traditional cash on cash: 4.47% Airbnb Rental Income: $2332 Traditional Rental Income: $2198 Airbnb ROI: 3.15% Traditional ROI: 4.47%
4241 E 26th Spokane, WA Lovingly cared for South Hill home that is full of light and offers a fantastic open conce...	4 beds \| 2 baths \| 1,822 sq.ft.	$379,000	Airbnb cash on cash: 5.02% Traditional cash on cash: 4.73% Airbnb Rental Income: $3278 Traditional Rental Income: $2437 Airbnb ROI: 5.02% Traditional ROI: 4.73%
16609 N Columbus Spokane, WA Nestled in the coveted neighborhood of Wellington Heights in North Spokane. A meticulously...	4 beds \| 3 baths \| 2,500 sq.ft.	$599,900	Airbnb cash on cash: 4.3% Traditional cash on cash: 3.13% Airbnb Rental Income: $4437 Traditional Rental Income: $2855 Airbnb ROI: 4.3% Traditional ROI: 3.13%
3328 S DEARBORN Spokane, WA Welcome to your dream home situated in the highly popular SouthRidge neighborhood. This ...	5 beds \| 3 baths \| N/A	$609,990	Airbnb cash on cash: 2.27% Traditional cash on cash: 3.43% Airbnb Rental Income: $3115 Traditional Rental Income: $3068 Airbnb ROI: 2.27% Traditional ROI: 3.43%
3007 E 16th Spokane, WA Discover the allure of Mediterranean-inspired living in this charming 3-bedroom home situa...	3 beds \| 1 baths \| 2,100 sq.ft.	$340,000	Airbnb cash on cash: 5.75% Traditional cash on cash: 2.93% Airbnb Rental Income: $3235 Traditional Rental Income: $1604 Airbnb ROI: 5.75% Traditional ROI: 2.93%
5106 S Sunward Spokane, WA Discover the enchantment of this expansive daylight walk-out rancher atop Browne's Mountai...	5 beds \| 4 baths \| 4,536 sq.ft.	$750,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 3.39% Airbnb Rental Income: $3115 Traditional Rental Income: $3893 Airbnb ROI: 1.27% Traditional ROI: 3.39%
1403 E Rich Spokane, WA This move-in ready 2 bed, 2 bath home is located on a spacious corner lot and is centrally...	2 beds \| 2 baths \| 1,424 sq.ft.	$295,000	Airbnb cash on cash: 3.61% Traditional cash on cash: 4.89% Airbnb Rental Income: $2153 Traditional Rental Income: $1960 Airbnb ROI: 3.61% Traditional ROI: 4.89%
8903 E Dalton Spokane, WA This one-of-a-kind Historical home âThe Butler Houseâ located in the highly sought-aft...	3 beds \| 3 baths \| 1,880 sq.ft.	$600,000	Airbnb cash on cash: 1.58% Traditional cash on cash: 2.94% Airbnb Rental Income: $2430 Traditional Rental Income: $2598 Airbnb ROI: 1.58% Traditional ROI: 2.94%
6603 N Fotheringham Spokane, WA Lovingly updated northwest rancher with 4 beds on the main floor! Updated kitchen with new...	5 beds \| 3 baths \| 2,504 sq.ft.	$479,900	Airbnb cash on cash: 5.6% Traditional cash on cash: 5.03% Airbnb Rental Income: $4281 Traditional Rental Income: $3123 Airbnb ROI: 5.6% Traditional ROI: 5.03%
817 E North Foothills Spokane, WA ATTN INVESTORS! This commercially zoned lot, Office/Retail-35, is ready for your future de...	2 beds \| N/A baths \| 1,059 sq.ft.	$275,000	Airbnb cash on cash: 4.65% Traditional cash on cash: 3.67% Airbnb Rental Income: $2268 Traditional Rental Income: $1446 Airbnb ROI: 4.65% Traditional ROI: 3.67%
5522 S Copper Ridge Spokane, WA Beautiful Eagle Ridge Greenstone home better than new 4 generously sized bedrooms, large m...	4 beds \| N/A baths \| 2,278 sq.ft.	$609,500	Airbnb cash on cash: N/A Traditional cash on cash: 1.53% Airbnb Rental Income: $null Traditional Rental Income: $2084 Airbnb ROI: N/A Traditional ROI: 1.53%
3713 E 25th Spokane, WA An elegant, contemporary and spacious home on Spokane's South Hill. The open floor plan bo...	4 beds \| 3 baths \| 2,150 sq.ft.	$519,000	Airbnb cash on cash: 3.14% Traditional cash on cash: 3.84% Airbnb Rental Income: $3278 Traditional Rental Income: $2882 Airbnb ROI: 3.14% Traditional ROI: 3.84%
708 E COURTLAND Spokane, WA Step into the warmth and charm of this lovely brick rancher, your perfect starter home. Wi...	4 beds \| 2 baths \| 1,632 sq.ft.	$315,000	Airbnb cash on cash: 5.31% Traditional cash on cash: 6.26% Airbnb Rental Income: $2808 Traditional Rental Income: $2432 Airbnb ROI: 5.31% Traditional ROI: 6.26%
3714 S Alder Spokane, WA Beautiful and quiet gated community close to Lincoln Heights. South Regal shopping and res...	3 beds \| 2 baths \| 1,704 sq.ft.	$359,900	Airbnb cash on cash: 4.29% Traditional cash on cash: 4.42% Airbnb Rental Income: $2809 Traditional Rental Income: $2197 Airbnb ROI: 4.29% Traditional ROI: 4.42%
4516 N STANDARD Spokane, WA Centrally located, this updated home features a new roof installed in 2023. A large dine i...	4 beds \| 2 baths \| 2,416 sq.ft.	$358,000	Airbnb cash on cash: 5.97% Traditional cash on cash: 5.3% Airbnb Rental Income: $3499 Traditional Rental Income: $2500 Airbnb ROI: 5.97% Traditional ROI: 5.3%
904 E 34th Spokane, WA Welcome to the heart of the South Hill! This highly sought-after rancher boasts a 3 bed, 2...	3 beds \| 2 baths \| 1,824 sq.ft.	$449,900	Airbnb cash on cash: 4.12% Traditional cash on cash: 3.34% Airbnb Rental Income: $3305 Traditional Rental Income: $2234 Airbnb ROI: 4.12% Traditional ROI: 3.34%
11721 E Fairview Spokane, WA Step into your future home in East Valley, close to the Spokane Valley Mall, Millwood, and...	3 beds \| 2 baths \| 2,304 sq.ft.	$350,000	Airbnb cash on cash: 4.21% Traditional cash on cash: 5.39% Airbnb Rental Income: $2430 Traditional Rental Income: $2225 Airbnb ROI: 4.21% Traditional ROI: 5.39%
919 W 22nd Spokane, WA Welcome home to this charming Cannon Hill brick bungalow, where comfort meets convenience ...	3 beds \| 2 baths \| 1,966 sq.ft.	$600,000	Airbnb cash on cash: 3.52% Traditional cash on cash: 2.15% Airbnb Rental Income: $3781 Traditional Rental Income: $2195 Airbnb ROI: 3.52% Traditional ROI: 2.15%
4219 S Crestline Spokane, WA Welcome to the South Hill Charmer! This inviting 4-bed, 2.5-bath home is not just a reside...	4 beds \| 3 baths \| 2,294 sq.ft.	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.89% Airbnb Rental Income: $null Traditional Rental Income: $2858 Airbnb ROI: N/A Traditional ROI: 2.89%
3723 E Fairview Spokane, WA This beautifully renovated home is ideally located just blocks away from Minnehaha Park, E...	4 beds \| 2 baths \| 1,946 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.17% Airbnb Rental Income: $null Traditional Rental Income: $2465 Airbnb ROI: N/A Traditional ROI: 5.17%
1016 W Winder Spokane, WA Discover this 3 bedroom 3 bathroom, stunning home with a perfect blend of urban convenienc...	3 beds \| 3 baths \| 2,013 sq.ft.	$390,000	Airbnb cash on cash: 4.7% Traditional cash on cash: 5.22% Airbnb Rental Income: $3150 Traditional Rental Income: $2627 Airbnb ROI: 4.7% Traditional ROI: 5.22%
7319 N Magnolia Spokane, WA Move in ready Bluegrass contemporary! Featuring beautiful luxury vinyl plank flooring thro...	4 beds \| 3 baths \| 1,871 sq.ft.	$449,900	Airbnb cash on cash: 6.63% Traditional cash on cash: 5.07% Airbnb Rental Income: $4603 Traditional Rental Income: $2989 Airbnb ROI: 6.63% Traditional ROI: 5.07%

Real Estate investment in Spokane, WA

There are 466 properties for sale in the city of Spokane . The median list price in Spokane is $436,000 and the average price per square foot is $185. In April 2024, the average monthly cash on cash return in Spokane is 4.00%. The average monthly rental income in Spokane is $2,401.

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

There are 466 investment properties available for sale in Spokane.

In 2024, the best neighborhood to buy investment property is East Central.

The ROI for Short-Term is higher than the Long-Term in Spokane with average rental income of $3,150.

Your search for investment property begins and ends here

Investment Property for Sale in Spokane, WA

5112 E Frederick

Spokane, WA

4 beds | 3 baths | 1,614 sq.ft.

$410,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.08%

Airbnb Rental Income: $null

Traditional Rental Income: $2766

Airbnb ROI: N/A

Traditional ROI: 5.08%

2 E Sumner #1

Spokane, WA

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

$825,000

Airbnb cash on cash: 1.17%

Traditional cash on cash: 1.24%

Airbnb Rental Income: $3235

Traditional Rental Income: $2563

Airbnb ROI: 1.17%

Traditional ROI: 1.24%

1615 W KIERNAN

Spokane, WA

4 beds | 2 baths | 1,976 sq.ft.

$380,000

Airbnb cash on cash: 5.05%

Traditional cash on cash: 4.61%

Airbnb Rental Income: $3321

Traditional Rental Income: $2425

Airbnb ROI: 5.05%

Traditional ROI: 4.61%

3214 W Lacrosse

Spokane, WA

2 beds | 2 baths | 1,285 sq.ft.

$350,000

Airbnb cash on cash: 3.76%

Traditional cash on cash: 3.89%

Airbnb Rental Income: $2598

Traditional Rental Income: $2020

Airbnb ROI: 3.76%

Traditional ROI: 3.89%

5521 N Walnut

Spokane, WA

4 beds | 2 baths | 2,044 sq.ft.

$330,000

Airbnb cash on cash: 6.49%

Traditional cash on cash: 6.02%

Airbnb Rental Income: $3321

Traditional Rental Income: $2431

Airbnb ROI: 6.49%

Traditional ROI: 6.02%

8605 N Five Mile

Spokane, WA

3 beds | 1 baths | 1,350 sq.ft.

$398,900

Airbnb cash on cash: 4.16%

Traditional cash on cash: 2.69%

Airbnb Rental Income: $2740

Traditional Rental Income: $1547

Airbnb ROI: 4.16%

Traditional ROI: 2.69%

1302 W Chaucer

Spokane, WA

5 beds | 4 baths | 3,808 sq.ft.

$650,000

Airbnb cash on cash: 6.55%

Traditional cash on cash: 4.48%

Airbnb Rental Income: $6431

Traditional Rental Income: $3917

Airbnb ROI: 6.55%

Traditional ROI: 4.48%

1316 N Hollis

Spokane, WA

3 beds | 3 baths | 2,304 sq.ft.

$480,000

Airbnb cash on cash: 3.66%

Traditional cash on cash: 4.39%

Airbnb Rental Income: $3019

Traditional Rental Income: $2651

Airbnb ROI: 3.66%