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Commercial for lease in Spokane, WA

3222 North Madison Street, Spokane, WA

3222 North Madison Street, Spokane, WA, 99205

3222 North Madison Street, Spokane, WA commercial property

About this space

This well-maintained two-building, 8-unit portfolio offers a rare combination of stability today with clear, achievable upside. Each unit is a 2 bed / 1 bath layout at approximately 900 sq ft—noticeably larger than many comparable units in the Spokane market—making them highly attractive to long-term tenants and helping support consistent occupancy. The property has been self-managed with a high level of care, resulting in zero delinquency and a strong tenant base. Current operations reflect steady performance, while still leaving room for a new owner to step in and capture additional value. Units are in solid, rent-ready condition, with the opportunity for light interior updates to push rents further. Comparable renovated units in the area are achieving $1,450–$1,550/month, providing a clear path to increased revenue without heavy repositioning. One unit will be delivered vacant at closing, giving flexibility for an owner-occupant or allowing a buyer to immediately implement their leasing strategy at market rent. Overall, this is a clean, straightforward asset—ideal for an investor looking for dependable cash flow with upside through thoughtful improvements rather than major renovation risk.