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: -0.74% Traditional cash on cash: 1.4% Airbnb Rental Income: $1418 Traditional Rental Income: $2636 Airbnb ROI: -0.74% 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.	$538,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 2.9% Airbnb Rental Income: $1394 Traditional Rental Income: $2470 Airbnb ROI: -0.08% Traditional ROI: 2.9%
2311 W Liberty Ave Spokane, WA This 3 bedroom - 1 bath Craftsman is tucked away on a quiet street between neighborhoods s...	3 beds \| 1 baths \| 2,159 sq.ft.	$399,000	Airbnb cash on cash: -0.78% Traditional cash on cash: 2.92% Airbnb Rental Income: $860 Traditional Rental Income: $1912 Airbnb ROI: -0.78% Traditional ROI: 2.92%
3611 E Baycourt Ln Spokane, WA Welcome to this beautifully maintained one level Birkdale Rancher located in a desirable g...	3 beds \| 2 baths \| 1,300 sq.ft.	$429,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 3.33% Airbnb Rental Income: $1115 Traditional Rental Income: $2224 Airbnb ROI: -0.36% Traditional ROI: 3.33%
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: -1.82% Traditional cash on cash: 5.18% Airbnb Rental Income: $750 Traditional Rental Income: $2154 Airbnb ROI: -1.82% 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: -0.52% Traditional cash on cash: 1.86% Airbnb Rental Income: $1394 Traditional Rental Income: $2817 Airbnb ROI: -0.52% Traditional ROI: 1.86%
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: -0.54% Traditional cash on cash: 4.25% Airbnb Rental Income: $1022 Traditional Rental Income: $2570 Airbnb ROI: -0.54% 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: -0.7% Traditional cash on cash: 1.67% Airbnb Rental Income: $2088 Traditional Rental Income: $4081 Airbnb ROI: -0.7% Traditional ROI: 1.67%
8930 E Ridgeline Ln Spokane, WA Looking for a great view, main floor living and quality construction at a great price? Don...	4 beds \| 3 baths \| 3,369 sq.ft.	$724,900	Airbnb cash on cash: -0.62% Traditional cash on cash: 2.31% Airbnb Rental Income: $832 Traditional Rental Income: $2482 Airbnb ROI: -0.62% Traditional ROI: 2.31%
6514 N Regal St Spokane, WA Welcome to your sprawling North Spokane retreat! Set on nearly a half-acre of usable land,...	3 beds \| 2 baths \| 1,920 sq.ft.	$375,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 5.36% Airbnb Rental Income: $914 Traditional Rental Income: $2537 Airbnb ROI: -0.22% Traditional ROI: 5.36%
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.	$339,999	Airbnb cash on cash: 2.01% Traditional cash on cash: 5.76% Airbnb Rental Income: $1657 Traditional Rental Income: $2390 Airbnb ROI: 2.01% Traditional ROI: 5.76%
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: -0.28% Traditional cash on cash: 4.48% Airbnb Rental Income: $805 Traditional Rental Income: $1650 Airbnb ROI: -0.28% Traditional ROI: 4.48%
6903 E 42nd Ave Spokane, WA $350k in renovations! This stunningly completely renovated home on 3 treed acres, minutes ...	4 beds \| 4 baths \| 3,920 sq.ft.	$1,075,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 2.59% Airbnb Rental Income: $1674 Traditional Rental Income: $4097 Airbnb ROI: -0.3% Traditional ROI: 2.59%
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 \| 2,600 sq.ft.	$515,000	Airbnb cash on cash: 1.4% Traditional cash on cash: 5.97% Airbnb Rental Income: $2088 Traditional Rental Income: $3752 Airbnb ROI: 1.4% Traditional ROI: 5.97%
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.	$229,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 4.56% Airbnb Rental Income: $1025 Traditional Rental Income: $1465 Airbnb ROI: 0.87% Traditional ROI: 4.56%
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	$269,900	Airbnb cash on cash: 0.21% Traditional cash on cash: 5.97% Airbnb Rental Income: $1004 Traditional Rental Income: $2115 Airbnb ROI: 0.21% Traditional ROI: 5.97%
1857 E 9th Ave Spokane, WA Come visit this beautiful home in Spokane's popular Perry District! With 4 bedrooms, 3 bat...	4 beds \| 3 baths \| 2,430 sq.ft.	$545,000	Airbnb cash on cash: -0.71% Traditional cash on cash: 3.7% Airbnb Rental Income: $1144 Traditional Rental Income: $3012 Airbnb ROI: -0.71% Traditional ROI: 3.7%
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.	$200,000	Airbnb cash on cash: -0.65% Traditional cash on cash: 4.91% Airbnb Rental Income: $750 Traditional Rental Income: $1491 Airbnb ROI: -0.65% Traditional ROI: 4.91%
3223 S Custer Ln Spokane, WA Welcome to South Ridge! NEW CONSTRUCTION! Wait until you see this floor plan! This is our ...	5 beds \| 3 baths \| 3,368 sq.ft.	$625,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 1.98% Airbnb Rental Income: $2493 Traditional Rental Income: $2565 Airbnb ROI: 0.82% Traditional ROI: 1.98%
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.	$155,000	Airbnb cash on cash: -3.16% Traditional cash on cash: 3.67% Airbnb Rental Income: $705 Traditional Rental Income: $1411 Airbnb ROI: -3.16% Traditional ROI: 3.67%
1823 W Northridge Ct #15 Spokane, WA Beautifully updated 2-bedroom, 1-bath condo offering modern comfort and a clean, refreshed...	2 beds \| 1 baths \| N/A	$199,900	Airbnb cash on cash: 0.01% Traditional cash on cash: 3.49% Airbnb Rental Income: $1520 Traditional Rental Income: $1739 Airbnb ROI: 0.01% 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	$315,000	Airbnb cash on cash: 1.18% Traditional cash on cash: 4.47% Airbnb Rental Income: $1496 Traditional Rental Income: $2033 Airbnb ROI: 1.18% Traditional ROI: 4.47%
2905 S Custer Ln Spokane, WA Move-in ready, 2020 South Hill rancher with full basement now available! Features finished...	5 beds \| 3 baths \| 3,009 sq.ft.	$575,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 2.33% Airbnb Rental Income: $2493 Traditional Rental Income: $2572 Airbnb ROI: 1.06% Traditional ROI: 2.33%
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%
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: -1.23% Traditional cash on cash: -0.52% Airbnb Rental Income: $1015 Traditional Rental Income: $1823 Airbnb ROI: -1.23% 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: 0.54% Traditional cash on cash: 1.54% Airbnb Rental Income: $2717 Traditional Rental Income: $2959 Airbnb ROI: 0.54% Traditional ROI: 1.54%
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.	$325,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 2.77% Airbnb Rental Income: $760 Traditional Rental Income: $1426 Airbnb ROI: -0.44% Traditional ROI: 2.77%
218 E Baldwin Ave Spokane, WA Fantastic Rental Opportunity! Completely renovated! This triplex was completely overhauled...	4 beds \| 3 baths \| 1,784 sq.ft.	$449,900	Airbnb cash on cash: 0.85% Traditional cash on cash: 2.52% Airbnb Rental Income: $1616 Traditional Rental Income: $1863 Airbnb ROI: 0.85% Traditional ROI: 2.52%
2507 E Upriver Dr Spokane, WA This updated 960 sq/ft home along the Spokane River is a rare find. Fully furnished and op...	2 beds \| 2 baths \| 960 sq.ft.	$340,000	Airbnb cash on cash: -0.64% Traditional cash on cash: 3.04% Airbnb Rental Income: $768 Traditional Rental Income: $1627 Airbnb ROI: -0.64% Traditional ROI: 3.04%
1417 S Ivory St Spokane, WA Experience low-maintenance luxury in this furnished, PNW-style townhome in the heart of th...	4 beds \| 3 baths \| 2,754 sq.ft.	$1,375,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 0.69% Airbnb Rental Income: $1880 Traditional Rental Income: $2583 Airbnb ROI: -0.26% Traditional ROI: 0.69%
3814 E 9th Ave Spokane, WA This 1912 bungalow was built by a Norwegian craftsman and showcases the kind of craftsmans...	4 beds \| 1 baths \| 1,681 sq.ft.	$319,995	Airbnb cash on cash: 0.28% Traditional cash on cash: 5.23% Airbnb Rental Income: $1182 Traditional Rental Income: $2286 Airbnb ROI: 0.28% Traditional ROI: 5.23%
12910 S Fairway Ridge Ln Spokane, WA Discover the grandeur of this Spectacular Home Show Award Winner in the peaceful Ridge at ...	5 beds \| 4 baths \| 5,439 sq.ft.	$1,300,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.04% Airbnb Rental Income: $null Traditional Rental Income: $2336 Airbnb ROI: N/A Traditional ROI: 0.04%
11605 N Alberta Ln Spokane, WA Welcome to "The Modern" on Alberta Lane, located at the end of the cul-de-sac on .42 acres...	5 beds \| 4 baths \| 3,805 sq.ft.	$1,025,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 1.07% Airbnb Rental Income: $2717 Traditional Rental Income: $2844 Airbnb ROI: 0.26% Traditional ROI: 1.07%
2121 E Upriver Dr #3 Spokane, WA Newly remodeled and move-in ready! This charming 2-bedroom, 1.5-bath home offers 1,040 sq ...	2 beds \| 2 baths \| N/A	$210,000	Airbnb cash on cash: -1.58% Traditional cash on cash: 6.37% Airbnb Rental Income: $818 Traditional Rental Income: $2076 Airbnb ROI: -1.58% Traditional ROI: 6.37%
7303 N Crestline St Spokane, WA Delightfully updated 3 Bedroom, 2 Bathroom 1,120 sq. ft single level home in a great 55+ c...	3 beds \| 2 baths \| 1,120 sq.ft.	$147,000	Airbnb cash on cash: 2.57% Traditional cash on cash: 9.86% Airbnb Rental Income: $1015 Traditional Rental Income: $1683 Airbnb ROI: 2.57% Traditional ROI: 9.86%
221 E Rockwood Blvd #112 Spokane, WA Carefree retirement living, 2-bedroom 1-bath 825 SQFT. Located on south side of the buildi...	2 beds \| 1 baths \| 825 sq.ft.	$259,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 6.52% Airbnb Rental Income: $746 Traditional Rental Income: $2008 Airbnb ROI: 0.08% Traditional ROI: 6.52%
1530 E 7th Ave Spokane, WA Impeccably maintained condo in the Perry District, close to schools, parks, shopping and d...	2 beds \| 2 baths \| 1,125 sq.ft.	$279,000	Airbnb cash on cash: -2.1% Traditional cash on cash: 3.56% Airbnb Rental Income: $781 Traditional Rental Income: $1949 Airbnb ROI: -2.1% Traditional ROI: 3.56%
708 E Decatur Ave Spokane, WA Charming 1950's 3-bedroom rancher updated in 2024, improvements to both main floor & lower...	3 beds \| 2 baths \| 2,340 sq.ft.	$395,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 3.87% Airbnb Rental Income: $1015 Traditional Rental Income: $2229 Airbnb ROI: -0.37% Traditional ROI: 3.87%
221 E Rockwood E Rockwood Blvd #322 Spokane, WA Carefree retirement living, 1-bedroom 1-bath 704 SQFT. Located on the third floor, this so...	1 beds \| 1 baths \| 704 sq.ft.	$162,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 10.39% Airbnb Rental Income: $705 Traditional Rental Income: $1931 Airbnb ROI: 0.48% Traditional ROI: 10.39%

Real Estate investment in Spokane, WA

There are 660 properties for sale in the city of Spokane . The median list price in Spokane is $425,000 and the average price per square foot is $180. In May 2026, the average monthly cash on cash return in Spokane is 4.00%. The average monthly rental income in Spokane is $2,460.

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

There are 660 investment properties available for sale in Spokane.

In 2026, 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 $1,041.

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: -0.74%

Traditional cash on cash: 1.4%

Airbnb Rental Income: $1418

Traditional Rental Income: $2636

Airbnb ROI: -0.74%

Traditional ROI: 1.4%

16609 N Columbus Dr

Spokane, WA

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

$538,000

Airbnb cash on cash: -0.08%

Traditional cash on cash: 2.9%

Airbnb Rental Income: $1394

Traditional Rental Income: $2470

Airbnb ROI: -0.08%

Traditional ROI: 2.9%

2311 W Liberty Ave

Spokane, WA

3 beds | 1 baths | 2,159 sq.ft.

$399,000

Airbnb cash on cash: -0.78%

Traditional cash on cash: 2.92%

Airbnb Rental Income: $860

Traditional Rental Income: $1912

Airbnb ROI: -0.78%

Traditional ROI: 2.92%

3611 E Baycourt Ln

Spokane, WA

3 beds | 2 baths | 1,300 sq.ft.

$429,000

Airbnb cash on cash: -0.36%

Traditional cash on cash: 3.33%

Airbnb Rental Income: $1115

Traditional Rental Income: $2224

Airbnb ROI: -0.36%

Traditional ROI: 3.33%

5205 N Argonne Ln #7

Spokane, WA

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

$260,000

Airbnb cash on cash: -1.82%

Traditional cash on cash: 5.18%

Airbnb Rental Income: $750

Traditional Rental Income: $2154

Airbnb ROI: -1.82%

Traditional ROI: 5.18%

12720 N Vistawood Ct

Spokane, WA

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

$835,000

Airbnb cash on cash: -0.52%

Traditional cash on cash: 1.86%

Airbnb Rental Income: $1394

Traditional Rental Income: $2817

Airbnb ROI: -0.52%

Traditional ROI: 1.86%

1403 N Farr Rd

Spokane, WA

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

$424,999

Airbnb cash on cash: -0.54%

Traditional cash on cash: 4.25%

Airbnb Rental Income: $1022

Traditional Rental Income: $2570

Airbnb ROI: -0.54%

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: -0.7%

Traditional cash on cash: 1.67%

Airbnb Rental Income: $2088

Traditional Rental Income: $4081

Airbnb ROI: -0.7%