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Kathy Ray

kathymray51@gmail.com +1(509) 290-8433

Listed by Derek Raivio • LT Real Estate

$ 4,250,000

Est. payment | -/mo

42,500 SqFt

Save

$ 4,250,000

Est. payment | -/mo

Save

42,500 SqFt

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 42,500 sqft

Price per Sqft $100

MLS Listing ID 202526824

Year Built 1912

Lot Size 0.320 Acres

Lot Dimensions 0.32

Property Sub-Type Residential Income

Property Description

Prime mixed-use property in Spokane's sought-after South Hill neighborhood. The building features 1,015 sqft retail space with a coffee tenant in place with five years left on the lease and twenty-nine apartments above. Located in an Opportunity Zone, the property offers valuable tax benefits and strong income potential. The unit mix includes eighteen one-bedroom and eleven two-bedroom apartments, all with spacious layouts and quality finishes. Rent upside of 10%-20% provides additional growth potential. A solid investment opportunity in a high-demand location close to downtown, shopping, and dining.

Location

State WA

County Spokane

Rooms

Basement Unfinished, Laundry

Interior

Heating Electric, Baseboard

Exterior

Parking Features Off Site, Alley Access

Amenities Available Laundry

View Y/N true

Roof Type Flat

Building

Story 4

Structure Type Brick

Schools

Elementary Schools Roosevelt

Middle Schools Sacajawea

High Schools Lewis & Clark

School District Spokane Dist 81

Others

Acceptable Financing Conventional, Cash, Commercial

Listing Terms Conventional, Cash, Commercial

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(509) 290-8433

kathymray51@gmail.com

Learn More About LPT Realty

507 S Howard St Spokane, WA 99204