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.
Features
3014 sq. ft. floor area
cottageSingle-Family
Property history for 604 South Ray Street
2020
Sold
$150,000
16 Mar 2020 by Chuck Mehalechko, of RE/MAX of Spokane
Happy sellers in Spokane
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Local market activity for single-family properties in Spokane
Sold
For Sale
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