Commercial · Spokane, WA 99201
224 S Howard St, Spokane, WA 99201
Spokane, WA 99201
$1,800,000
PendingMLS® 202611335
We are pleased to present the Howard Building for sale at 224 S Howard St in Downtown Spokane. This property offers 40 apartment units, 2 retail suites (one occupied by The Blessed Express Barbershop, one vacant) Significant Capital Improvements – Extensive upgrades include fresh paint, new flooring, updated bathrooms, modern light fixtures, and partial furnishings. Diverse Income Stream – 40 apartments and 2 ground-floor retail suites provide balanced residential and commercial revenue. Resident Amenities – Tenants enjoy shared laundry, communal space, and enhanced security in a walkable downtown location near dining, shopping, entertainment, third-party parking, and transit. Value-Add Potential – Lease the vacant retail suite, activate the basement, and optimize operations for increased NOI. Attractive Assumable Loan – Seller financing via an assumable note at 4.65% interest-only, maturing January 2028, with 24-month extension option.
Interior
- Basement Unfinished
- Heating Electric, Baseboard
Exterior and Construction
- Roofing See Remarks
Land and Lot
- Lot size 0.01 acres (436 sq ft)
Location and Zoning
- Road/Access City Street
- County Spokane
- Neighborhood Downtown Spokane
- Zoning 35191.3105
Schools
- School District Spokane Dist 81
Tax and Legal
- Parcel number 35191.3105
Listing Information
- Listing Agent
- Jordan Lester
- Listing Office
- SVN Cornerstone
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