513 E 1ST AVE, COLVILLE, WA 99114 (MLS# 45111)

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513 E 1ST AVE, COLVILLE, WA 99114

$600,000

Property Type: MultiFamily Square Footage: 7,976 Lot Size (sq. ft.): 18,295 Status: Closed

Current Price: $600,000 List Date: 9/04/2025 Last Modified: 1/01/2026

Overview

Description

Great investment opportunity in the heart of Colville. 8-2 bedroom/1bath units; 4 down and 4 up together with a studio unit up and the space for 1 to be built out down. Laundry facility onsite plus covered carport parking off the alley. Oversized lot offers room to expand with paved streets to the West and South with alley access from the North.

Listing Details MLS# 45111

Location, Tax & Legal

County: Stevens
Area: S1 - Colville
St #: 513
St Dir Prefix: E
Street Name: 1ST
St Sfx: AVE
State/Province: WA
Zip Code: 99114

Contract Information

Price: 624900
Sign: Yes
Assumable: No

Property Information

Type: Apartment Complex
Realtor.COM Type: Multi Family
Approx Total SqFt.: 7976
Style: Contemporary
Stories: 2
Auto Storage: No
Lot Dimensions: See Plat
# of Acres: 0.42
# Units: Yes
Construction: Masonry
Year Built: 1965

Status Change Info

Closing Date: 2025-12-31
Under Contract Date: 2025-09-04
How Sold: Conventional

Income

Annual Gross Rent: 88500
Vacancy %: 11
Other Income: 996
Gross Op Income: 83246

Expense 1

Insurance: 5105
Utilities: 1010

More Information

Utility Providers

Electric: Avista
Garbage: Sunshine
Sewer: City of Colville
Water: City of Colville

Property Features

Basement: None Foundation: Concrete Perimeter; Slab Siding: Brick Accents; Vinyl Roof: Composition Common Amenities: Decks/Patios; Laundry Facility; Storage Heating: Baseboard Water Heater: Electric Electric Service: 100 Amp; Breakers Utilities: Public Sewer; Public Water Site Improvements: Alley; Easement; Paved Grounds: Corner; Level Parking: Alley Access; Assigned; Lighted; Off Street Auto Storage Type: Carport Attached; Off Street Lock Box: None Showing Instructions: Call Listing Office Documents On File: Seller Disclosure; Title Work Schools: Colville Terms: Cash; Conventional Possession: Close Of Escrow