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801 S Adams St 15 Unit Apartment Building $1,860,000 ($124,000/Unit) 7.53% Cap Rate Spokane, WA 99204
INVESTMENT HIGHLIGHTS
- 15 Unit Multifamily Property
- On Site Laundry Facilities
- Renovated Units
EXECUTIVE SUMMARY
An exceptional investment opportunity awaits with this 15-unit multifamily property, generating $18,430 in monthly income. Located in one of Spokane’s most desirable neighborhoods, this South Hill asset features renovated units with luxury vinyl plank flooring, modern kitchens outfitted with updated cabinetry and stainless steel appliances. Residents enjoy the convenience of on-site laundry facilities and easy access to shopping, dining, and transit. A strong performer in a high-demand rental market—this property is a turnkey addition to any portfolio.
PROPERTY FACTS
| Price | $1,860,000 | Building Class | B |
| Price Per Unit | $124,000 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 11,360 SF |
| Cap Rate | 7.53% | No. Stories | 2 |
| No. Units | 15 | Year Built/Renovated | 1947/1992 |
| Property Type | Multifamily | Parking Ratio | 0.88/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MF | ||
| Price | $1,860,000 |
| Price Per Unit | $124,000 |
| Sale Type | Investment |
| Cap Rate | 7.53% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 11,360 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1947/1992 |
| Parking Ratio | 0.88/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Walking/Biking Trails
- Storage Space
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $1,125 | 650 |
| 2+1 | 8 | $1,250 | 700 |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 35193.0701 | Improvements Assessment | $1,682,220 |
| Land Assessment | $143,280 | Total Assessment | $1,825,500 |
PROPERTY TAXES
Parcel Number
35193.0701
Land Assessment
$143,280
Improvements Assessment
$1,682,220
Total Assessment
$1,825,500
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801 S Adams St
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