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The Patrick Driscoll Mansion 927 S Adams St 6 Unit Apartment Building $729,485 ($121,581/Unit) 7.39% Cap Rate Spokane, WA 99204



INVESTMENT HIGHLIGHTS
- Rental Income of $6,479/Month
- On Site Laundry Facilities
- 5 - 1 Bed Units, 1 - 2 Bed Unit
EXECUTIVE SUMMARY
- 5 - 1 Bed Units, 1 - 2 Bed Unit
- Rental Income of $6,479/Month
- On Site Laundry Facilities
- Brick Exterior
- Late 19th-Century Style- Natural Oak
- Floors, Woodwork, and Large Windows
- Parcel # 35193.1108
This property offers individuality, uniqueness, and character. Located in Spokane’s historically upscale Lower South Hill neighborhood, this area was originally developed 120 years ago as an affluent district filled with historic homes and mansions. These homes were built during a time when craftsmanship and quality materials were highly valued.
Thanks to the lasting quality of the surrounding residences and the convenient access to downtown, this property sits in one of Spokane’s most desirable residential areas. It benefits from easy access to both East–West freeway routes and North–South corridors like Maple and Monroe.
Major employers—including Deaconess Hospital, Sacred Heart Hospital, Fairchild Air Force Base, and Downtown Spokane—are just minutes away. The property is centrally located with convenient access to major roads.
We encourage you to explore the Spokane City Crime Map to see the neighborhood firsthand. This property has minimal deferred maintenance, and it remains attractive and well cared for—something tenants take pride in.
Leases include clear rules: no parties, no loud music, and no smoking. A team of full-time maintenance staff ensures that all repairs are addressed promptly and that the property remains in excellent condition.
- Rental Income of $6,479/Month
- On Site Laundry Facilities
- Brick Exterior
- Late 19th-Century Style- Natural Oak
- Floors, Woodwork, and Large Windows
- Parcel # 35193.1108
This property offers individuality, uniqueness, and character. Located in Spokane’s historically upscale Lower South Hill neighborhood, this area was originally developed 120 years ago as an affluent district filled with historic homes and mansions. These homes were built during a time when craftsmanship and quality materials were highly valued.
Thanks to the lasting quality of the surrounding residences and the convenient access to downtown, this property sits in one of Spokane’s most desirable residential areas. It benefits from easy access to both East–West freeway routes and North–South corridors like Maple and Monroe.
Major employers—including Deaconess Hospital, Sacred Heart Hospital, Fairchild Air Force Base, and Downtown Spokane—are just minutes away. The property is centrally located with convenient access to major roads.
We encourage you to explore the Spokane City Crime Map to see the neighborhood firsthand. This property has minimal deferred maintenance, and it remains attractive and well cared for—something tenants take pride in.
Leases include clear rules: no parties, no loud music, and no smoking. A team of full-time maintenance staff ensures that all repairs are addressed promptly and that the property remains in excellent condition.
PROPERTY FACTS Under Contract
| Price | $729,485 | Apartment Style | Low-Rise |
| Price Per Unit | $121,581 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.39% | Building Size | 4,798 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1909 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RMF | ||
| Price | $729,485 |
| Price Per Unit | $121,581 |
| Sale Type | Investment |
| Cap Rate | 7.39% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,798 SF |
| No. Stories | 3 |
| Year Built | 1909 |
| Opportunity Zone |
Yes |
| Zoning | RMF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 35193.1108 | Improvements Assessment | $558,800 |
| Land Assessment | $105,600 | Total Assessment | $664,400 |
PROPERTY TAXES
Parcel Number
35193.1108
Land Assessment
$105,600
Improvements Assessment
$558,800
Total Assessment
$664,400
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The Patrick Driscoll Mansion | 927 S Adams St
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