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Kathy Ray

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

Listed by Jeff Hornberger • The Hornberger Group, LLC

$ 575,000

Est. payment | -/mo

5,022 SqFt

Save

$ 575,000

Est. payment | -/mo

Save

5,022 SqFt

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 5,022 sqft

Price per Sqft $114

MLS Listing ID 202622248

Year Built 1940

Annual Tax Amount $5,328

Lot Size 7,840 Sqft

Lot Dimensions 0.18

Property Sub-Type Residential Income

Property Description

Exceptional value-add investment opportunity in a prime South Hill location! This 6-unit apartment building features five 1-bedroom/1-bath units and one studio, ideally situated directly across from Huckleberry's Natural Market and just minutes from Downtown Spokane, Sacred Heart, Deaconess, and other major employers. The property offers five covered off-street parking spaces, coin-operated laundry, and a history of stable, long-term tenants who are all current on rent. While the building has been well maintained, many units remain dated, providing an excellent opportunity to renovate and capture significant rental upside as units turn over. Strong location, dependable tenancy, and below-market rents make this an attractive investment with immediate income and long-term appreciation potential.

Location

State WA

County Spokane

Rooms

Basement Full, Finished

Interior

Heating Natural Gas, Hot Water

Appliance Free-Standing Range, Refrigerator

Exterior

Parking Features Detached

Garage Spaces 5.0

Amenities Available Laundry

View Y/N true

View Territorial

Roof Type Tile

Building

Lot Description Cross Fncd, Level, City Bus (w/in 6 blks)

Story 3

Structure Type Brick

Schools

Elementary Schools Roosevelt

Middle Schools Sacajawea

High Schools Lewis & Clark

School District Spokane Dist 81

Others

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

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

1019 S Monroe St Spokane, WA 99204