604 S Ray St, Spokane, WA 99202
Spokane County
Key Facts
Description
Rare opportunity to own a versatile multi-family/mixed-use property in Spokane near schools, hospital, businesses with strong income potential and multiple commercial or residential uses. This unique property is ideal for group housing, assisted living, student housing, Airbnb, or office conversion. The back unit features a spacious 6 bed, 2 bath layout with the ability to accommodate up to 12 income-producing beds, previously operated as a group home generating around $700 per bed. The layout includes a large kitchen, open living space, designated manager’s quarters, and office loft—perfect for supported living, group housing, or workforce housing.The front unit offers 2 bed, 1 bath with a flexible setup ideal for a manager or owner-occupant, with a bedroom plus additional guest room/office. A side structure that is around 198 sq ft provides excellent potential for intake office, counseling space, or private workspace, plumbed with plumbing and electrical.
Property Information
Property Type
Residential Income
Style
Other
Year Built
1946
Living Area
3,014 sq ft
Lot Size
0.15 acres
Days on Market
107
MLS® Listing#
202614419
Property Features
Interior
Appliances
Cooling
Heating
Basement
Parking
Lot Features
Construction
Roof
Windows
Other Structures
Schools
- Elementary:
- Frances
- Middle:
- Chase
- High:
- Ferris
Financial Details
Parcel Number
35222.4411
Affordability Calculator
$149,980
Estimated monthly payment
$3,991/mo
Principal $599,920 · Est. interest $836,942 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Spokane, WA
- $479,340
- Median Listing Price
- 43
- Median Days on Market
- 2,202
- Median Sq Ft
- $220
- Median Price / Sq Ft
- 1,841
- Active Listings
- This home’s price is 56% above the area median.
- Its price per sq ft is 13% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Spokane, WA.
Location
- 604 S Ray St, Spokane, WA 99202
Points of Interest in Spokane, WA
Showing the Spokane area map.
Nearby Schools
Sheridan Elementary School
Elementary · 0.4 mi away
Libby Center
Elementary · 0.5 mi away
Riverday School
Elementary · 0.8 mi away
Franklin Elementary
Elementary · 0.8 mi away
All Saints Catholic School
School · 0.9 mi away
Grant Elementary
Elementary · 1.3 mi away
Riverday School
School · 1.3 mi away
Pride Prep Charter School
Secondary · 1.7 mi away
Innovation High School
Secondary · 1.7 mi away
Stevens Elementary School
Elementary · 1.7 mi away
Discovery School
Secondary · 1.9 mi away
Hutton Elementary School
Elementary · 2.0 mi away
Adams Elementary School
Elementary · 2.0 mi away
Joel E. Ferris High School
Secondary · 2.1 mi away
Plum Tree School
School · 2.1 mi away
Daybreak Alternative School
Secondary · 2.1 mi away
All Saints Catholic School
Elementary · 2.2 mi away
KSPS-TV Channel 7
School · 2.2 mi away
Chase Middle School
Secondary · 2.2 mi away
St Aloysius Catholic School
School · 2.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 8412 N Summerhill Ln, Spokane, WA | $524,950 | 4 | 3 | 2,524 |
| 3164 S Durango Ln, Spokane Valley, WA | $524,950 | 4 | 3 | 2,501 |
| 5345 N Ainsworth Ln, Spokane, WA | $524,990 | 3 | 2 | 1,800 |
| 1815 W 10th Ave, Spokane, WA | $524,999 | — | — | 2,925 |
| 557 E Broad Ave, Spokane, WA | $525,000 | — | — | — |
| 3918 S Grand Blvd, Spokane, WA | $525,000 | 3 | 2 | 2,287 |
Moving Cost Estimate
EXIT Agents in Spokane
Listing Courtesy: Realty One Group Eclipse - 5093272238