Multi Family Home · Spokane, WA 99204
507 S Howard St, Spokane, WA 99204
Spokane, WA 99204
$4,250,000
ActiveMLS® 202526824
Prime mixed-use property in Spokane’s sought-after South Hill neighborhood. The building features 1,015 sqft retail space with a coffee tenant in place with five years left on the lease and twenty-nine apartments above. Located in an Opportunity Zone, the property offers valuable tax benefits and strong income potential. The unit mix includes eighteen one-bedroom and eleven two-bedroom apartments, all with spacious layouts and quality finishes. Rent upside of 10%-20% provides additional growth potential. A solid investment opportunity in a high-demand location close to downtown, shopping, and dining.
Interior
- Basement Unfinished, Laundry
- Heating Electric, Baseboard
Exterior and Construction
- Roofing Flat
- Construction Four Level
Land and Lot
- Lot size 0.32 acres (14,285 sq ft)
HOA and Community
- Amenities Laundry
Location and Zoning
- Road/Access City Street, Paved Road
- County Spokane
- Neighborhood Cliff/Cannon
- Zoning 35191.4301
Schools
- High School Lewis & Clark
- School District Spokane Dist 81
- Elementary School Roosevelt
- Junior High School Sacajawea
Tax and Legal
- Parcel number 35191.4301
Parking and Garage
- Garage Off Site, Alley Access
Listing Information
- Listing Agent
- Derek Raivio
- Listing Office
- LT Real Estate
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