Bought with Kidder Mathews
$2,650,000
$3,350,000
20.9%For more information regarding the value of a property, please contact us for a free consultation.
27,224 SqFt
SOLD DATE : 10/08/2025
Key Details
Sold Price $2,650,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 27,224 sqft
Price per Sqft $97
Subdivision Spokane
MLS Listing ID 2373176
Sold Date 10/08/25
Style 56 - 10+ Units
Year Built 1907
Annual Tax Amount $30,740
Lot Size 10,000 Sqft
Property Sub-Type Multi Family
Property Description
Located in the heart of Brownes Addition—one of Spokane's most desirable and historic neighborhoods—this well-maintained asset offers a rare chance to capture immediate and long-term value. With rents currently 21% below market and potential for a 37% increase through renovations, the property presents strong upside. Recent capital improvements, including a new roof and updated electrical panels, reduce near-term maintenance risk. Walkable access to transit and an optional 56-unit portfolio acquisition—including The Oak and Espanola Annex—make this an exceptional opportunity for scale and stability in a supply-constrained submarket.
Location
State WA
County Spokane
Area 561 - Spokane County
Interior
Flooring See Remarks
Fireplace false
Exterior
Exterior Feature Stucco
View Y/N No
Roof Type Composition
Building
Sewer Available
Water Community
New Construction No
Schools
School District Spokane
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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