Multi Family Home · Spokane, WA 99201
1515-1519 W Sharp Ave, Spokane, WA 99201
Spokane, WA 99201
$1,900,000
ActiveMLS® 202623781
SVN Cornerstone is pleased to present Sharp Apartments, a 16-unit multifamily investment opportunity in Spokane, Washington. Originally constructed in 1977, the property offers a well-maintained apartment community with stable in-place cash flow and attractive value-add potential. The unit mix consists of twelve 1-bed, 1-bath units averaging 576 square feet and four 2-bed, 1-bath units averaging 720 square feet. 12 of the 16 units have already been renovated, with the remaining four offered in classic condition. All units feature in-wall air conditioning, baseboard heat, dishwashers and ample closet space, and the property offers onsite laundry and covered parking at the rear. Offered at $1,900,000 ($118,750 per unit / $194 per NRSF), Sharp Apartments generates a 5.77% in-place capitalization rate at 100% occupancy, demonstrating strong tenant demand and operational stability.
Interior
- Appliances Dishwasher
- A/C Wall Unit(s)
- Heating Baseboard
Exterior and Construction
- Roofing Composition
- Construction Three Story
Land and Lot
- Lot size 0.39 acres (16,800 sq ft)
- Lot description Fencing, Treed, Level
HOA and Community
- Amenities Laundry
Location and Zoning
- Road/Access City Street, Paved Road
- County Spokane
- Neighborhood West Central
- Zoning 25131.1015
Schools
- High School North Central
- School District Spokane Dist 81
- Elementary School Homes
- Junior High School Yasuhara
Tax and Legal
- Parcel number 25131.1015
Parking and Garage
- Garage Carport
Listing Information
- Listing Agent
- Jordan Lester
- Listing Office
- SVN Cornerstone
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the applicable MLS if any and as amended from time to time
Based on information submitted to the MLS GRID as of date and time noted. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Copyright 2026 Spokane Association of REALTORS® MLS. All rights reserved. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.