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1414 W 10th Ave
Spokane, WA 99204
10th Avenue Apartments · Multifamily Property For Sale
·
7 Units
Investment Highlights
- Targeted value-add opportunity by renovating remaining three unrenovated units
- Excellent South Hill location close to downtown, the Medical District, neighborhood parks and local employers
- Strong in-place income
Executive Summary
10th Avenue Apartments is a seven-unit multifamily property located in Spokane’s historic Cliff/Cannon neighborhood on the lower South Hill. Originally constructed in 1909, the property retains the architectural character and residential appeal associated with the surrounding neighborhood.
Four units have already been renovated, establishing a clear improvement standard for the three remaining unrenovated units and providing new ownership with a defined opportunity to increase rental income through targeted interior upgrades. The property offers immediate in-place income, an established tenant base, and a manageable renovation scope that does not require a full repositioning.
Its location near downtown Spokane, the Medical District, neighborhood parks, Huckleberry’s Natural Market, and major employment centers supports continued renter demand and provides residents with convenient access to shopping, dining, recreation, and public transportation.
Four units have already been renovated, establishing a clear improvement standard for the three remaining unrenovated units and providing new ownership with a defined opportunity to increase rental income through targeted interior upgrades. The property offers immediate in-place income, an established tenant base, and a manageable renovation scope that does not require a full repositioning.
Its location near downtown Spokane, the Medical District, neighborhood parks, Huckleberry’s Natural Market, and major employment centers supports continued renter demand and provides residents with convenient access to shopping, dining, recreation, and public transportation.
Property Facts
| Price Per Unit | $121,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 7.54% | Building Size | 7,249 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1909 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RMF | ||
| Price Per Unit | $121,286 |
| Sale Type | Investment |
| Cap Rate | 7.54% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,249 SF |
| No. Stories | 2 |
| Year Built | 1909 |
| Opportunity Zone |
Yes |
| Zoning | RMF |
Amenities
Unit Amenities
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | - |
Property Taxes
| Parcel Number | 25244.4114 | Improvements Assessment | $450,030 |
| Land Assessment | $132,770 | Total Assessment | $582,800 |
Property Taxes
Parcel Number
25244.4114
Land Assessment
$132,770
Improvements Assessment
$450,030
Total Assessment
$582,800
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