2923 N Hogan St | Spokane, WA 99207
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- LoopNet Team
2923 N Hogan St
Spokane, WA 99207
Hogan Apartments · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Competitive Price Point – Offered at $110,000/unit with a 6.46% cap rate, this asset outperforms market comps averaging $128,073/unit and a 6.07% cap
- Prime Central Location – Near Gonzaga Prep, Gonzaga University, SCC, Downtown, and major transit routes
- Strong Rental Demand – The 1 bed/1 bath layouts are ideal for singles, couples, and professionals, ensuring consistent occupancy and long-term income
- Stabilized Asset – With rents already at market rates, this turnkey property is already cash flowing. Light renovations including new flooring, paint,
- Valuable Amenities – Features like onsite laundry and dedicated parking for each unit boost tenant satisfaction and improve retention
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 2,712 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1978 |
| Building Class | C | Parking Ratio | 2.21/1,000 SF |
| Zoning | RMF | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,712 SF |
| No. Stories | 3 |
| Year Built | 1978 |
| Parking Ratio | 2.21/1,000 SF |
| Zoning | RMF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $972.50 | 500 |
PROPERTY TAXES
| Parcel Number | 35092.1002 | Improvements Assessment | $539,200 |
| Land Assessment | $66,000 | Total Assessment | $605,200 |
PROPERTY TAXES
Parcel Number
35092.1002
Land Assessment
$66,000
Improvements Assessment
$539,200
Total Assessment
$605,200
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