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Listed by Dallas Lightner • LT Real Estate
$ 2,000,000
Est. payment | /mo
14,353 SqFt
$ 2,000,000
Est. payment | /mo
14,353 SqFt
Key Details
Property Type Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 14,353 sqft
Price per Sqft $139
MLS Listing ID 202622778
Year Built 1914
Lot Size 0.410 Acres
Lot Dimensions 0.41
Property Sub-Type Residential Income
Property Description
This 20-unit multifamily investment property offers a mix of 1 three-bedroom unit, 11 one-bedroom units, and 8 studios, with gross monthly income of $21,740.46. Located near Downtown Spokane, the property features off-street parking, on-site laundry, and a roof replaced in 2025. The 14,353 SF building was built in 1914 and is offered at $2,000,000, or $100,000 per unit, with a reported NOI of $143,038.07 and a 7.15% cap rate.
Location
State WA
County Spokane
Rooms
Basement Partial, Partially Finished
Interior
Heating Natural Gas, Hot Water
Exterior
Parking Features Off Site
Amenities Available Laundry
View Y/N true
Roof Type See Remarks
Building
Story 3
Structure Type Brick
Schools
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Schools and Properties Nearby
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