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South Hill Multifamily Portfolio 13 Multifamily Properties Offered at $13,615,000 in Spokane, WA
INVESTMENT HIGHLIGHTS
- Rental Income of $123,594/month
- On Site Laundry Facilities at Each Property
- Walking Distance to Restaurants, Shopping & Parks
- Great Locations Close to I-90
- Recently Updated Units & Upside on Rents
EXECUTIVE SUMMARY
·15 South Hill Apartment Buildings
·112 Units
·Rental Income of $123,594/month
·Great Locations Close to I-90
·On Site Laundry Facilities at Each Property
·Recently Updated Units & Upside on Rents
·Walking Distance to Restaurants, Shopping & Parks
This portfolio of distinctive, character-filled buildings sits in Spokane’s historic Lower South Hill, a neighborhood that first rose to prominence over 120 years ago as an enclave of stately homes crafted with the finest materials. Today, each property in this collection preserves that legacy of quality while offering modern conveniences.
Situated just minutes from Sacred Heart and Deaconess hospitals, Fairchild Air Force Base, and downtown’s thriving business district, these assets enjoy seamless access to Spokane’s major east–west freeways and the north–south corridors of Maple and Monroe. Tenants appreciate the peace of mind that comes with minimal deferred maintenance, backed by our dedicated full-time maintenance team, and clear community guidelines—no parties, no loud music, no smoking—that help foster long-term residency and respectful living.
With strong rental demand, and buildings that truly stand out, this portfolio isn’t just a collection of properties—it’s a strategic investment in Spokane’s most desirable residential market. Take a look at the Spokane City Crime Map for an on-the-ground view of why the South Hill continues to outperform.
·112 Units
·Rental Income of $123,594/month
·Great Locations Close to I-90
·On Site Laundry Facilities at Each Property
·Recently Updated Units & Upside on Rents
·Walking Distance to Restaurants, Shopping & Parks
This portfolio of distinctive, character-filled buildings sits in Spokane’s historic Lower South Hill, a neighborhood that first rose to prominence over 120 years ago as an enclave of stately homes crafted with the finest materials. Today, each property in this collection preserves that legacy of quality while offering modern conveniences.
Situated just minutes from Sacred Heart and Deaconess hospitals, Fairchild Air Force Base, and downtown’s thriving business district, these assets enjoy seamless access to Spokane’s major east–west freeways and the north–south corridors of Maple and Monroe. Tenants appreciate the peace of mind that comes with minimal deferred maintenance, backed by our dedicated full-time maintenance team, and clear community guidelines—no parties, no loud music, no smoking—that help foster long-term residency and respectful living.
With strong rental demand, and buildings that truly stand out, this portfolio isn’t just a collection of properties—it’s a strategic investment in Spokane’s most desirable residential market. Take a look at the Spokane City Crime Map for an on-the-ground view of why the South Hill continues to outperform.
PROPERTY FACTS
| Price | $13,615,000 | Number of Properties | 13 |
| Price / SF | $149.72 / SF | Individually For Sale | 12 |
| Cap Rate | 7.50% | Total Building Size | 90,935 SF |
| Sale Type | Investment | Total Land Area | 2.84 AC |
| Status | Active |
| Price | $13,615,000 |
| Price / SF | $149.72 / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 13 |
| Individually For Sale | 12 |
| Total Building Size | 90,935 SF |
| Total Land Area | 2.84 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1204 W 8th Ave, Spokane, WA 99204 | Multifamily | 12,157 SF | 1907 | $1,675,000 |
| 1103 W 9th Ave, Spokane, WA 99204 | Multifamily | 10,568 SF | 1971 | $1,250,000 |
| 1818 W 8th Ave, Spokane, WA 99204 | Multifamily | 10,548 SF | 1910 | $1,250,000 |
| 2015 W 10th Ave, Spokane, WA 99204 | Multifamily | 10,455 SF | 1959 | - |
| 1428 W 10th Ave, Spokane, WA 99204 | Multifamily | 7,524 SF | 1909 | $1,300,000 |
| 903 S Adams St, Spokane, WA 99204 | Multifamily | 6,104 SF | 1917 | $1,000,000 |
| 1733 W 10th Ave, Spokane, WA 99204 | Multifamily | 5,750 SF | 1912 | $900,000 |
| 1627 W 7th Ave, Spokane, WA 99204 | Multifamily | 5,120 SF | 1956 | $895,000 |
| 1424 W 10th Ave, Spokane, WA 99204 | Multifamily | 4,984 SF | 1911 | $1,050,000 |
| 927 S Adams St, Spokane, WA 99204 | Multifamily | 4,798 SF | 1909 | $695,000 |
| 1828 W 9th Ave, Spokane, WA 99204 | Multifamily | 4,353 SF | 1908 | $725,000 |
| 2002 W 8th Ave, Spokane, WA 99204 | Multifamily | 4,296 SF | 1910 | $600,000 |
| 2003 W 10th Ave, Spokane, WA 99204 | Multifamily | 4,278 SF | 1900 | $575,000 |
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