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$469,000

  • For Sale
  • Active
  • Multi-Family

Listed by Jay P. Kincaid | Windermere RE K-2 Realty | (509) 765-3337

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Investment opportunity in the bustling town of Ritzville! Motel built in 1950 has been mostly remodeled with 8 studio apartments, one 1-bedroom unit with a full kitchen, two 2-bedroom units with a full kitchen, and a remodeled office space. New exterior paint, a coin-op laundry room was added and a brand new roof was installed in 2025. Each studio unit has it's own bathroom, a hot plate, microwave, and a small fridge. There are two studio units that need to be remodeled with the potential for 11 total units of income.

Full Property Details for 407 1st Ave

General

  • Price: $469,000
  • Taxes: $3,465 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2461556
  • Updated: 12/17/2025
  • Added to Site: 32 day(s) ago

Interior

  • Flooring: Laminate, Vinyl, Carpet

Location

  • Area: 381 - Adams County
  • County: Adams
  • Subdivision: Ritzville
  • Driving Directions: From Moses Lake and Interstate-WA 90, take Exit 220, turn left on First Ave, towards downtown Ritzville, property is on the right.

School Information

  • High School District: Ritzville

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall Unit(s), Window Unit(s)
  • Heating Type: Baseboard, Wall Unit(s)

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Metal/Vinyl, Wood
  • Foundation: Concrete Ribbon
  • Roof: Composition
  • Stories in Building: 1
  • Square Feet: 4,004
  • Year Built: 1950
  • Property Condition: Fair

Lot Features

  • Lot Size (Acres): 0.2296
  • Lot Size (Sq. Ft.): 10,000
  • Lot Size Source: County Records
  • Zoning: Commercial, Multi-Family

Financial Considerations

  • Tax Amount: $3,465
  • Tax Year: 2025
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 1935230502401
  • Block: 24
  • Lot Number: 1&2

Listed by Jay P. Kincaid | Windermere RE K-2 Realty | (509) 765-3337

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Schools serving 407 1st Ave

School District:Ritzville School District
NameGradesDistance
Ritzville Grade School
401 East 6th Avenue, Ritzville, WA 99169
K-50.5 mi
Lind-Ritzville Middle School
N 507 E St, Lind, WA 99341
6-815.2 mi
Lind-Ritzville High School
209 East Wellsandt Road, Ritzville, WA 99169
9-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 407 1st Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/16/2025
Listed
$469,000
7.82%
MLS
4/14/2025
Sold
$435,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 407 1st Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,464
15%
$294,100
23%
2023
$3,010
4%
$238,400
9%
2022
$2,899
—
$219,400
27%
2023
$2,899
25%
$172,500
11%
2021
$2,323
5%
$155,900
—
2019
$2,213
-14%
$155,900
—
2018
$2,584
33%
$155,900
—
2017
$1,950
-11%
$155,900
-3%
2016
$2,179
-3%
$161,500
—
2014
$2,237
—
$161,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Jay P. Kincaid | Windermere RE K-2 Realty | (509) 765-3337

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Recent Sales near 407 1st Ave

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506 W 8th Ave, Ritzville, WA 99169 - Photo 1 Sold
$495,000

506 W 8th Ave  Ritzville, WA 99169

  • Single Family
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  • 3
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  • 2,492
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Listed by Amber Marie Zagelow | Katz Realty, Inc.
Sold by Kate Jimenez | Windermere RE K-2 Realty
408 W 8th Ave, Ritzville, WA 99169 - Photo 1 Sold
$400,000

408 W 8th Ave  Ritzville, WA 99169

  • Single Family
  • Closed
  • 4
    Beds
  • 3
    Total Baths
  • 3,448
    Sq. Ft.
Listed by Rick J Sawyer | Katz Realty, Inc.
Sold by Non Member ZDefault | ZNonMember-Office-MLS
1278 N Paha Packard Rd, Ritzville, WA 99169 - Photo 1 Sold
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1278 N Paha Packard Rd  Ritzville, WA 99169

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14816 N Harrington Tokio Rd, Harrington, WA 99134 - Photo 1 Sold
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14816 N Harrington Tokio Rd  Harrington, WA 99134

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407 1st Avenue, Ritzville, WA 99169 (MLS# 2461556) is a Multi-Family property with 1 unit containing 0 bedrooms and 0 full bathrooms. 407 1st Avenue is currently listed for $469,000 and was received on December 16, 2025. Want to learn more about 407 1st Avenue? Do you have questions about finding other Multi-Family real estate for sale in Ritzville? You can browse all Ritzville real estate or contact a Coldwell Banker agent to request more information.

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