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1412 N Post St
Spokane, WA 99201
Natalie · Multifamily Property For Sale
·
20 Units
Investment Highlights
- Roof Replaced in 2025
- Located Near Downtown Spokane
- Off Street Parking
- On-Site Laundry
Executive Summary
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.
Property Facts
| Price Per Unit | $100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 7.15% | Building Size | 14,353 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1914 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RHD | ||
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 7.15% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 14,353 SF |
| No. Stories | 3 |
| Year Built | 1914 |
| Opportunity Zone |
Yes |
| Zoning | RHD |
Amenities
Site Amenities
- Laundry Facilities
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 3+1 | 3 | - | - |
| 2+1 | 5 | - | - |
Property Taxes
| Parcel Number | 35182.0809 | Improvements Assessment | $1,630,200 |
| Land Assessment | $106,500 | Total Assessment | $1,736,700 |
Property Taxes
Parcel Number
35182.0809
Land Assessment
$106,500
Improvements Assessment
$1,630,200
Total Assessment
$1,736,700
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