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
3723 E Fairview Ave Spokane, WA This beautiful home is ideally located just blocks away from Minnehaha Park, Esmeralda Gol...	4 beds \| 2 baths \| 1,946 sq.ft.	$330,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 5.04% Airbnb Rental Income: $807 Traditional Rental Income: $2296 Airbnb ROI: -0.81% Traditional ROI: 5.04%
5205 N Argonne Ln unit: 7 Spokane, WA Discover comfort and convenience in this beautifully located top floor condo, tucked away ...	2 beds \| 2 baths \| 1,065 sq.ft.	$275,000	Airbnb cash on cash: -1.61% Traditional cash on cash: 4.85% Airbnb Rental Income: $799 Traditional Rental Income: $2154 Airbnb ROI: -1.61% Traditional ROI: 4.85%
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.	$449,000	Airbnb cash on cash: 0.12% Traditional cash on cash: 4.71% Airbnb Rental Income: $1343 Traditional Rental Income: $2860 Airbnb ROI: 0.12% Traditional ROI: 4.71%
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: -0.55% Traditional cash on cash: 4.25% Airbnb Rental Income: $1016 Traditional Rental Income: $2570 Airbnb ROI: -0.55% Traditional ROI: 4.25%
1116 E Newark Ave Spokane, WA Timeless Perry District Craftsman blending character with thoughtful modern updates. This ...	5 beds \| 3 baths \| 3,277 sq.ft.	$575,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 4.88% Airbnb Rental Income: $1927 Traditional Rental Income: $3504 Airbnb ROI: 0.99% Traditional ROI: 4.88%
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: -0.82% Traditional cash on cash: 1.67% Airbnb Rental Income: $1924 Traditional Rental Income: $4081 Airbnb ROI: -0.82% Traditional ROI: 1.67%
5427 N Whitehouse Spokane, WA Charming, fully updated 4-bedroom, 1-bath bungalow located directly across from Franklin P...	4 beds \| 1 baths \| 1,224 sq.ft.	$339,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 4.58% Airbnb Rental Income: $1220 Traditional Rental Income: $2180 Airbnb ROI: 0.33% Traditional ROI: 4.58%
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.	$749,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.2% Airbnb Rental Income: $null Traditional Rental Income: $2482 Airbnb ROI: N/A Traditional ROI: 2.2%
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.	$799,900	Airbnb cash on cash: N/A Traditional cash on cash: 2% Airbnb Rental Income: $null Traditional Rental Income: $2482 Airbnb ROI: N/A Traditional ROI: 2%
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.	$499,999	Airbnb cash on cash: N/A Traditional cash on cash: 3.56% Airbnb Rental Income: $null Traditional Rental Income: $2555 Airbnb ROI: N/A Traditional ROI: 3.56%
4117 N Wall St Spokane, WA Charming bungalow-style home in a desirable Spokane neighborhood! This 4 bed, 1.5 bath hom...	4 beds \| 2 baths \| 1,696 sq.ft.	$329,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 6.24% Airbnb Rental Income: $1220 Traditional Rental Income: $2607 Airbnb ROI: 0.49% Traditional ROI: 6.24%
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: -1.21% Traditional cash on cash: 4.48% Airbnb Rental Income: $531 Traditional Rental Income: $1650 Airbnb ROI: -1.21% 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: -0.2% Traditional cash on cash: 2.59% Airbnb Rental Income: $1793 Traditional Rental Income: $4097 Airbnb ROI: -0.2% 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: 1.11% Traditional cash on cash: 5.97% Airbnb Rental Income: $1924 Traditional Rental Income: $3752 Airbnb ROI: 1.11% 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: 0.96% Traditional cash on cash: 4.56% Airbnb Rental Income: $1048 Traditional Rental Income: $1465 Airbnb ROI: 0.96% Traditional ROI: 4.56%
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: -0.67% Traditional cash on cash: 3.7% Airbnb Rental Income: $1169 Traditional Rental Income: $3012 Airbnb ROI: -0.67% 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.	$250,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 3.75% Airbnb Rental Income: $799 Traditional Rental Income: $1491 Airbnb ROI: -0.54% Traditional ROI: 3.75%
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: -0.11% Traditional cash on cash: 1.98% Airbnb Rental Income: $1844 Traditional Rental Income: $2565 Airbnb ROI: -0.11% Traditional ROI: 1.98%
214 W 6th Ave unit: Apt 106 Spokane, WA Location! Location! Location! Seller Financing Available! Welcome Home to this Fully Updat...	2 beds \| 2 baths \| 1,028 sq.ft.	$309,900	Airbnb cash on cash: -2.62% Traditional cash on cash: 3.31% Airbnb Rental Income: $541 Traditional Rental Income: $1991 Airbnb ROI: -2.62% Traditional ROI: 3.31%
704 W 6th Ave unit: #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: -4.67% Traditional cash on cash: 3.67% Airbnb Rental Income: $438 Traditional Rental Income: $1411 Airbnb ROI: -4.67% Traditional ROI: 3.67%
1823 W Northridge Ct unit: 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: -1.1% Traditional cash on cash: 3.49% Airbnb Rental Income: $1267 Traditional Rental Income: $1739 Airbnb ROI: -1.1% Traditional ROI: 3.49%
2018 E Wabash Ave Spokane, WA Perfect starter home with room to expand! With a little TLC, this home can shine. Real har...	2 beds \| 1 baths \| 1,370 sq.ft.	$210,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 4.93% Airbnb Rental Income: $824 Traditional Rental Income: $1511 Airbnb ROI: -0.16% Traditional ROI: 4.93%
6314 S Ray Ct Spokane, WA Updated South Hill home in a quiet cul-de-sac with 3,512 sq ft of living space! Recent 202...	4 beds \| 3 baths \| 3,512 sq.ft.	$600,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 1.92% Airbnb Rental Income: $1793 Traditional Rental Income: $2296 Airbnb ROI: 0.15% Traditional ROI: 1.92%
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: 0.05% Traditional cash on cash: 2.33% Airbnb Rental Income: $1844 Traditional Rental Income: $2572 Airbnb ROI: 0.05% 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%
4301 S MADELIA St Spokane, WA Move In Ready Contemporary in the sought after Hamblen Area! Beautiful entry way leads to ...	5 beds \| 3 baths \| 2,414 sq.ft.	$539,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 2.99% Airbnb Rental Income: $1063 Traditional Rental Income: $2552 Airbnb ROI: -0.69% Traditional ROI: 2.99%
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: -1.03% Traditional cash on cash: -0.52% Airbnb Rental Income: $1412 Traditional Rental Income: $1823 Airbnb ROI: -1.03% 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: -0.2% Traditional cash on cash: 1.54% Airbnb Rental Income: $1927 Traditional Rental Income: $2959 Airbnb ROI: -0.2% Traditional ROI: 1.54%
1812 W Nora Ave Spokane, WA Newly remodeled 2story 3bedroom 2bathroom home in West Spokane. This property has all new ...	3 beds \| 2 baths \| 1,532 sq.ft.	$329,000	Airbnb cash on cash: -0.72% Traditional cash on cash: 5.06% Airbnb Rental Income: $730 Traditional Rental Income: $2209 Airbnb ROI: -0.72% Traditional ROI: 5.06%
1426 W Cora Ct unit: 2 Spokane, WA Move-in ready, custom townhome style condo with city views now available just minutes from...	3 beds \| 3 baths \| 2,700 sq.ft.	$419,000	Airbnb cash on cash: -1.16% Traditional cash on cash: 3.71% Airbnb Rental Income: $774 Traditional Rental Income: $2369 Airbnb ROI: -1.16% Traditional ROI: 3.71%
4312 W Broad Ave Spokane, WA Room to grow, space to gather, and a backyard made for memories. This fully remodeled Nort...	5 beds \| 2 baths \| 2,377 sq.ft.	$449,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 3.47% Airbnb Rental Income: $1526 Traditional Rental Income: $2306 Airbnb ROI: 0.56% Traditional ROI: 3.47%
2507 W Gardner Ave Spokane, WA Prime investment opportunity not far from Kendall yards! Separately metered up/down Duplex...	3 beds \| 3 baths \| 1,828 sq.ft.	$320,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 3.4% Airbnb Rental Income: $730 Traditional Rental Income: $1690 Airbnb ROI: -0.82% Traditional ROI: 3.4%
5915 S Dearborn Rd Spokane, WA No HOA's. Enjoy this one owner custom built home. This 5-bedroom, 4 bath home is perched o...	5 beds \| 4 baths \| 4,112 sq.ft.	$819,995	Airbnb cash on cash: -1.17% Traditional cash on cash: 1.12% Airbnb Rental Income: $1063 Traditional Rental Income: $2446 Airbnb ROI: -1.17% Traditional ROI: 1.12%
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: -1.32% Traditional cash on cash: 0.04% Airbnb Rental Income: $1063 Traditional Rental Income: $2336 Airbnb ROI: -1.32% 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.	$1,070,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 0.98% Airbnb Rental Income: $1927 Traditional Rental Income: $2844 Airbnb ROI: -0.45% Traditional ROI: 0.98%
1311 S Westcliff Pl unit: #607 Spokane, WA Unit 607 sits at the top of the Westcliff Place Condominiums, offering beautiful west-faci...	1 beds \| 1 baths \| 690 sq.ft.	$199,000	Airbnb cash on cash: -3.14% Traditional cash on cash: 2.87% Airbnb Rental Income: $649 Traditional Rental Income: $1486 Airbnb ROI: -3.14% Traditional ROI: 2.87%
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: 4.92% Traditional cash on cash: 9.86% Airbnb Rental Income: $1412 Traditional Rental Income: $1683 Airbnb ROI: 4.92% Traditional ROI: 9.86%
221 E Rockwood Blvd unit: 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: -0.62% Traditional cash on cash: 6.52% Airbnb Rental Income: $541 Traditional Rental Income: $2008 Airbnb ROI: -0.62% 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: -2.02% Traditional cash on cash: 3.56% Airbnb Rental Income: $805 Traditional Rental Income: $1949 Airbnb ROI: -2.02% Traditional ROI: 3.56%
221 E Rockwood E Rockwood Blvd unit: 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: -0.96% Traditional cash on cash: 10.39% Airbnb Rental Income: $438 Traditional Rental Income: $1931 Airbnb ROI: -0.96% Traditional ROI: 10.39%

Real Estate investment in Spokane, WA

There are 567 properties for sale in the city of Spokane . The median list price in Spokane is $429,450 and the average price per square foot is $182. In April 2026, the average monthly cash on cash return in Spokane is 4.00%. The average monthly rental income in Spokane is $2,449.

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

There are 567 investment properties available for sale in Spokane.

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

The ROI for Short-Term is higher than the Long-Term in Spokane with average rental income of $1,045.

Your search for investment property begins and ends here

Investment Property for Sale in Spokane, WA

3723 E Fairview Ave

Spokane, WA

4 beds | 2 baths | 1,946 sq.ft.

$330,000

Airbnb cash on cash: -0.81%

Traditional cash on cash: 5.04%

Airbnb Rental Income: $807

Traditional Rental Income: $2296

Airbnb ROI: -0.81%

Traditional ROI: 5.04%

5205 N Argonne Ln unit: 7

Spokane, WA

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

$275,000

Airbnb cash on cash: -1.61%

Traditional cash on cash: 4.85%

Airbnb Rental Income: $799

Traditional Rental Income: $2154

Airbnb ROI: -1.61%

Traditional ROI: 4.85%

1118 E 28th Ave

Spokane, WA

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

$449,000

Airbnb cash on cash: 0.12%

Traditional cash on cash: 4.71%

Airbnb Rental Income: $1343

Traditional Rental Income: $2860

Airbnb ROI: 0.12%

Traditional ROI: 4.71%

1403 N Farr Rd

Spokane, WA

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

$424,999

Airbnb cash on cash: -0.55%

Traditional cash on cash: 4.25%

Airbnb Rental Income: $1016

Traditional Rental Income: $2570

Airbnb ROI: -0.55%

Traditional ROI: 4.25%

1116 E Newark Ave

Spokane, WA

5 beds | 3 baths | 3,277 sq.ft.

$575,000

Airbnb cash on cash: 0.99%

Traditional cash on cash: 4.88%

Airbnb Rental Income: $1927

Traditional Rental Income: $3504

Airbnb ROI: 0.99%

Traditional ROI: 4.88%

714 E Edenderry Ct

Spokane, WA

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

$1,150,000

Airbnb cash on cash: -0.82%

Traditional cash on cash: 1.67%

Airbnb Rental Income: $1924

Traditional Rental Income: $4081

Airbnb ROI: -0.82%

Traditional ROI: 1.67%

5427 N Whitehouse

Spokane, WA

4 beds | 1 baths | 1,224 sq.ft.

$339,000

Airbnb cash on cash: 0.33%

Traditional cash on cash: 4.58%

Airbnb Rental Income: $1220

Traditional Rental Income: $2180

Airbnb ROI: 0.33%

Traditional ROI: 4.58%

8930 E Ridgeline Ln

Spokane, WA

4 beds | 3 baths | 3,369 sq.ft.

$749,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.2%

Airbnb Rental Income: $null

Traditional Rental Income: $2482

Airbnb ROI: N/A