LKV Realty
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Jay P. KincaidWindermere RE K-2 Realty
$479,000
407 1st Avenue, Ritzville, WA 99169Listing ID 2461556

407 1st Avenue, Ritzville, WA 99169

Active
Ritzville
Last updated: Jul 15, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Multi Family
Square Feet
Square Feet
4,004
Acres
Acres
0.23
Cooling
Cooling
Wall Unit(s), Window Unit(s)
Heating
Heating
Baseboard, Wall Furnace
Year Built
Year Built
1950

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.

Property Information

Property Details

Location

Address
407 1st Avenue
County
Adams
City
Ritzville
Zip Code
99169
Subdivision
Ritzville
School District
Ritzville
MLS Area
381 - Adams County

Interior Features

Heating and Cooling

Cooling
Wall Unit(s), Window Unit(s)
Heating
Baseboard, Wall Furnace

Building

Building Information

Square Feet
4,004
Year Built
1950
Construction
Metal/Vinyl, Wood
Foundation
Concrete Ribbon
Roof
Composition
Condition
Fair

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$3,465
Tax Year
2025
Source: Northwest Multiple Listing Service
Northwest Multiple Listing Service logo

Based on information submitted to the MLS GRID as of 17 Aug 2026, 03:38 AM UTC. 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. Some IDX listings have been excluded from this website. IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

For corrections to this data please contact Brytecore MLS Support.

NWM84629

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.