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1824 W 2nd Ave 5 Unit Apartment Building $750,000 ($150,000/Unit) 6.59% Cap Rate Spokane, WA 99201
Executive Summary
5 - 1 BD - 1 BA Units
2 Furnished Short Term Rentals
On Site Laundry Facilities
Located in Browne’s Addition Neighborhood
Monthly Rental Income of $5,285.00
Parcel: # 25241.1710
2 Furnished Short Term Rentals
On Site Laundry Facilities
Located in Browne’s Addition Neighborhood
Monthly Rental Income of $5,285.00
Parcel: # 25241.1710
Property Facts
| Price | $750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.59% | Building Size | 7,750 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1903 |
| Zoning | RHD | ||
| Price | $750,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 6.59% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 7,750 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1903 |
| Zoning | RHD |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 25241.1710 | Improvements Assessment | $510,900 |
| Land Assessment | $60,000 | Total Assessment | $570,900 |
Property Taxes
Parcel Number
25241.1710
Land Assessment
$60,000
Improvements Assessment
$510,900
Total Assessment
$570,900
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1824 W 2nd Ave
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