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407 1st Avenue, Ritzville, WA 99169

$449,000
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  • 407 1st Avenue, Ritzville, WA 99169 Main Photo

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Listing Courtesy of: Windermere RE K-2 Realty
Agency Phone: 509-765-3337
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MLS#2461226
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONRitzville
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Listing Courtesy of: Windermere RE K-2 Realty
Agency Phone: 509-765-3337
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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.

407 1st Avenue | MLS# 2461226

This commercial property located at 407 1st Avenue, Ritzville, WA 99169 is currently listed for sale with an asking price of $449,000. Search Ritzville real estate on lpray.cbmoseslake.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 0.23 Acres
Roof Type: Composition
Taxes: $3,465
Year Built: 1950

Feature Descriptions

Buyers Agent Commission Remarks: 2.5
Days on Site: 167
Exterior: Metal/Vinyl, Wood
Parcel#: 1935230502401
Sewer: Sewer Connected
Structure Type: Hotel/Motel
Water: Public

Listed By / Shown By

Listed By

Agency Name: Windermere RE K-2 Realty
Agency Phone: 509-765-3337

Shown By

Agent Name: Lea Pray
Agent Phone: (509) 750-0115
Agency Title: Coldwell Banker Tomlinson Ranch & Home

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Lea Pray
Lea Pray Office: (509) 766-0300 Cell: (509) 750-0115 Email Me
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/01/2026. The listing information on this page last changed on 06/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 06/01/2026 1:43:52 PM EST) or NWMLS (last updated Mon 06/01/2026 1:33:57 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Tomlinson Ranch & Home may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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