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1017 W Montgomery Ave 6 Unit Apartment Building $1,100,000 ($183,333/Unit) Spokane, WA 99205
Investment Highlights
- Total land size is 0.43 acres or 18,731 SF
- Current rental income totals $5,150/month (contact listing agent for triplex financials)
- Available for sale or joint venture partnership
- Six total 1bed/1bath units across the two triplexes
- Redevelopment opportunity with flexible CC2-DC zoning (see zoning details on page 5 of the sale flyer)
- Seller financing available with 20% down payment and a 5 year term
Executive Summary
SVN Cornerstone is pleased to present the Monroe Street Triplexes and Development Site for sale, located at 1007 W Montgomery Ave in Spokane. This property is ideally situated in the vibrant Monroe District near a variety of amenities, including schools, restaurants, shopping, entertainment, and parks, making it an ideal location for developers, investors, and residents.
Property Facts
| Price | $1,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $183,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| No. Units | 6 | Building Size | 4,228 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2021 |
| Zoning | RSF | ||
| Price | $1,100,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 4,228 SF |
| No. Stories | 2 |
| Year Built | 2021 |
| Zoning | RSF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (83)
Property Taxes
| Parcel Numbers | Improvements Assessment | $470,100 | |
| Land Assessment | $205,600 | Total Assessment | $675,700 |
Property Taxes
Parcel Numbers
Land Assessment
$205,600
Improvements Assessment
$470,100
Total Assessment
$675,700
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1017 W Montgomery Ave
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