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Standard Street Oasis Apartments 6603 N Standard St 20 Unit Apartment Building $2,700,000 ($135,000/Unit) 6.49% Cap Rate Spokane, WA 99208
INVESTMENT HIGHLIGHTS
- 15 renovated units with new finishes; 5 feature in-unit washer/dryers plus shared laundry.
- New security gate and landscaped courtyard.
- Unit mix: (10) 3BR/1BA and (10) 2BR/1BA.
- 20 covered carports with guest and street parking.
- Roofs replaced 2016; updated outlets, switches, and shut-off valves.
- Expansion potential to 22 units by leasing owner’s unit and converting rec room.
EXECUTIVE SUMMARY
SVN Cornerstone is pleased to present the Standard Street Oasis Apartments for sale, a 20 unit apartment complex located in Spokane’s Nevada Lidgerwood neighborhood. The property offers 10 3bed/1bath units, 10 2bed/1bath units, 20 covered carports, a beautifully landscaped courtyard, and a brand new electric security gate.
PROPERTY FACTS Under Contract
| Price | $2,700,000 | Apartment Style | Garden |
| Price Per Unit | $135,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.30 AC |
| Cap Rate | 6.49% | Building Size | 22,800 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1971/2025 |
| Property Subtype | Apartment | ||
| Zoning | RMF | ||
| Price | $2,700,000 |
| Price Per Unit | $135,000 |
| Sale Type | Investment |
| Cap Rate | 6.49% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.30 AC |
| Building Size | 22,800 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2025 |
| Zoning | RMF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Hardwood Floors
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | - | 750 |
| 3+1 | 10 | - | 1,135 |
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PROPERTY TAXES
| Parcel Number | 36293.0087 | Improvements Assessment | $2,216,050 |
| Land Assessment | $339,250 | Total Assessment | $2,555,300 |
PROPERTY TAXES
Parcel Number
36293.0087
Land Assessment
$339,250
Improvements Assessment
$2,216,050
Total Assessment
$2,555,300
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Standard Street Oasis Apartments | 6603 N Standard St
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