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2504 40th Ave

Spokane, WA 99223

5 bd 3 ba 2,964 sqft Built 1966 Lot 9,300 sqft single_family
Most recent sale
$489,000
Jul 29, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jun 25, 2025 Listed for rent $3,200 TurboTenant
Jul 29, 2022 Sold $489,000 MLS #202217232
Jun 19, 2022 Price changed $499,000 MLS #202217232
Jun 9, 2022 Listed $599,000 MLS #202217232

Tax assessment history

YearBuildingLandTotal assessedTax paid
2026 $384,000 $85,000 $469,000 $4,850
2025 $384,000 $85,000 $469,000 $4,651
2024 $363,500 $62,440 $425,940 $4,540
2023 $291,200 $62,440 $353,640 $4,164
2022 $265,000 $62,440 $327,440 $4,135
2021 $265,000 $62,440 $327,440 $3,893
2020 $221,000 $56,760 $277,760 $3,429
2019 $199,700 $47,300 $247,000 $2,953
2018 $183,700 $43,000 $226,700 $3,154
2017 $158,700 $40,000 $198,700 $2,715
2016 $156,600 $40,000 $196,600 $2,745
2015 $147,900 $35,000 $182,900 $2,611
2014 $147,900 $35,000 $182,900 $2,602
2013 $147,900 $35,000 $182,900 $2,602
2012 $173,200 $40,000 $213,200 $2,940
2011 $182,400 $40,000 $222,400 $2,936
2010 $185,300 $40,000 $225,300 $2,658
2009 $185,300 $40,000 $225,300 $2,534
2007 $185,300 $40,000 $225,300 $2,432

Property facts

Year built
1966
Property type
single_family
Stories
2
Beds
5
Baths
3
Living area
2,964 sqft
Lot size
9,300 sqft
ZIP code
99223
City
Spokane
Street
40th Ave
Coordinates
47.61797, -117.37511

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,934
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 2504 40th Ave last sell?
2504 40th Ave most recently sold on Jul 29, 2022 for $489,000.
What is the current tax assessment for 2504 40th Ave?
The most recent total assessment for 2504 40th Ave (year 2026) is $469,000 with $4,850 in property tax.
How does 2504 40th Ave's assessment compare to its last sale price?
The current assessment is 4.1% below the last sale price of $489,000.
When was 2504 40th Ave built?
2504 40th Ave was built in 1966.
How does 2504 40th Ave compare to others on 40th Ave?
We track 8 other properties on 40th Ave. Browse the list under "Other properties on 40th Ave" to compare beds, baths, and sale history.
What are the property facts for 2504 40th Ave?
2504 40th Ave is a 5 bed, 3 bath, 2,964 sqft, 9,300 sqft lot single_family.
Is 2504 40th Ave a flip candidate?
No — 2504 40th Ave does not appear in our flips dataset.
Is 2504 40th Ave a tax-appeal candidate?
No — 2504 40th Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.0%
Implied 1-yr
+4.1%
2026 Q3
$607.2K
2026 Q4
$613K
ZIP 99223 — Median Price History + Forecast

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