Listing Courtesy of:

Northwest MLS as distributed by MLS GRID / Windermere Real Estate K-2 Realty LLC / Jay Kincaid

407 1st Avenue Ritzville, WA 99169

Active (109 Days)

$459,000 ^(USD)

4,004

SQFT

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Description

Investment opportunity in the bustling town of Ritzville! Motel built in 1950 has been mostly remodeled with 8 studio apartments, one 1-bedroom unit with a full kitchen, two 2-bedroom units with a full kitchen, and a remodeled office space. New exterior paint, a coin-op laundry room was added and a brand new roof was installed in 2025. Each studio unit has it's own bathroom, a hot plate, microwave, and a small fridge. There are two studio units that need to be remodeled with the potential for 11 total units of income.

MLS #:
2461556

Taxes
$3,465(2025)

Lot Size
10,000 SQFT

Type
Multifamily

Year Built
1950

Style
10+ Units

School District
Ritzville

County
Adams County

Community
Ritzville

Listed By

Jay Kincaid, Windermere Real Estate K-2 Realty LLC

Source
Northwest MLS
Last checked Apr 4 2026 at 11:38 AM GMT+0000

Bathroom Details

Subdivision

Ritzville

Property Features

Fireplace: 0
Foundation: Concrete Ribbon

Heating and Cooling

Baseboard
Wall Unit(s)

Flooring

Vinyl
Carpet
Laminate

Exterior Features

Wood
Metal/Vinyl
Roof: Composition

Utility Information

Sewer: Sewer Connected
Fuel: Electric

Listing Price History

Date

Event

Price

% Change

$ (+/-)

Feb 14, 2026

Price Changed

$459,000

-2%

-$10,000

Dec 16, 2025

Listed

$469,000

Additional Listing Info

Buyer Brokerage Compensation: 2.5

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.

Based on information submitted to the MLS GRID as of 4/4/2026 11:38. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.