1515-1519 W Sharp Ave, Spokane, WA 99201
1515-1519 W Sharp Ave, Spokane, WA 99201
1515-1519 W Sharp Ave, Spokane, WA 99201
1515-1519 W Sharp Ave, Spokane, WA 99201
1515-1519 W Sharp Ave, Spokane, WA 99201
1515-1519 W Sharp Ave, Spokane, WA 99201
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Kathy Ray

Kathy Ray

+1(509) 290-8433
Listed by Jordan Lester • SVN Cornerstone
$ 1,900,000
Est. payment | /mo

0.39 Acres Lot

Save
$ 1,900,000
Est. payment | /mo
Save

0.39 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202623781

Year Built 1977

Lot Size 0.390 Acres

Lot Dimensions 0.39

Property Sub-Type Residential Income

Property Description

SVN Cornerstone is pleased to present Sharp Apartments, a 16-unit multifamily investment opportunity in Spokane, Washington. Originally constructed in 1977, the property offers a well-maintained apartment community with stable in-place cash flow and attractive value-add potential. The unit mix consists of twelve 1-bed, 1-bath units averaging 576 square feet and four 2-bed, 1-bath units averaging 720 square feet. 12 of the 16 units have already been renovated, with the remaining four offered in classic condition. All units feature in-wall air conditioning, baseboard heat, dishwashers and ample closet space, and the property offers onsite laundry and covered parking at the rear. Offered at $1,900,000 ($118,750 per unit / $194 per NRSF), Sharp Apartments generates a 5.77% in-place capitalization rate at 100% occupancy, demonstrating strong tenant demand and operational stability.

Location

State WA

County Spokane

Rooms

Basement None

Interior

Heating Baseboard

Cooling Wall Unit(s)

Appliance Dishwasher

Exterior

Parking Features Carport

Carport Spaces 4

Amenities Available Laundry

View Y/N true

Roof Type Composition

Building

Lot Description Fencing, Treed, Level

Story 3

Structure Type Wood Siding

Schools

Elementary Schools Homes

Middle Schools Yasuhara

High Schools North Central

School District Spokane Dist 81

Others

Acceptable Financing Cash, Commercial

Listing Terms Cash, Commercial

Schools and Properties Nearby

Kathy Ray

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

+1(509) 290-8433

kathymray51@gmail.com

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1515-1519 W Sharp Ave