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Listed by:Windermere RE K-2 Realty • Jay P. Kincaid

SimpliHOM - Making Real Estate Simple

support@simplihom.com +1(855) 856-9466

Listed by:Windermere RE K-2 Realty • Jay P. Kincaid

$ 465,000

Est. payment -/mo

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Active

407 1st AVE Ritzville, WA 99169

1 Bath

4,004 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,004 sqft

Price per Sqft $116

Subdivision Ritzville

MLS Listing ID 2461556

Style 56 - 10+ Units

Year Built 1950

Annual Tax Amount $3,465

Lot Size 10,000 Sqft

Property Sub-Type Multi Family

Property Description

Excellent investment opportunity in the growing community of Ritzville! Originally constructed in 1950, this income-producing property has undergone extensive updates and now features 8 studio apartments, 1 one-bedroom unit with a full kitchen, 2 two-bedroom units with full kitchens, and a remodeled office space. Recent improvements include fresh exterior paint, the addition of a coin-operated laundry facility, and a brand-new roof installed in 2025. Each studio unit is equipped with a private bathroom, hot plate, microwave, and compact refrigerator, providing comfortable and efficient living accommodations. Two additional studio units are ready for renovation, offering significant upside potential and the opportunity to increase the property to a total of 11 income-producing units. Whether you're looking to expand your portfolio or enter the multifamily market, this property offers both immediate cash flow and value-add potential.

Location

State WA

County Adams

Area 381 - Adams County

Interior

Flooring Laminate, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Metal/Vinyl, Wood

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Ritzville

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

ABOUT US

Our Story

From Humble Beginnings to a Nationwide Movement

At simpliHŌM, we know firsthand that real estate is about more than houses — it’s about people, families, and the places they call home. Our journey didn’t begin in a boardroom or with limitless resources. It began with adversity.

Our Founder & CEO, Sean Miku, once found himself on food stamps, without a home, and forced to pick the lock on a water meter just to give his baby girl her first bath. Out of those struggles came a relentless determination to build something better — not only for his own family, but for every agent and client who deserved a simpler, more supportive way to experience real estate.

With just $30,000 and four agents, simpliHŌM was launched in 2018. From those humble beginnings, we’ve grown into a thriving, people-first brokerage spanning multiple states and serving thousands of agents nationwide — all driven by the same mission: Making Real Estate Simple.

Our Mission: Making Real Estate Simple

We believe real estate should be transparent, efficient, and personal. At simpliHŌM, relationships are at the heart of every transaction. Our mission is to remove the unnecessary complexity and stress, creating a seamless experience for clients and empowering agents to thrive.

Innovative Technology Meets Human

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(855) 856-9466

support@simplihom.com