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Listed by Ryan Towner • LT Real Estate
$ 1,350,000
Est. payment | /mo
7,524 SqFt
$ 1,350,000
Est. payment | /mo
7,524 SqFt
Key Details
Property Type Multi-Family
Sub Type Rental
Listing Status Active
Purchase Type For Sale
Square Footage 7,524 sqft
Price per Sqft $179
MLS Listing ID 202515275
Year Built 1909
Lot Size 6,969 Sqft
Lot Dimensions 0.16
Property Sub-Type Rental
Property Description
Situated in a prime South Hill location near I-90, this 12-unit apartment building offers a strong mix of unit types and consistent rental income. The property includes six one-bedroom units, one two-bedroom unit, and five studio units, generating a total monthly income of $11,316. Each unit showcases timeless charm with high ceilings, large windows, and classic hardwood floors. Recent remodels have enhanced the appeal of the interiors, blending historic character with modern updates. Tenants enjoy the convenience of on-site laundry facilities and off-street parking—amenities that further boost occupancy and satisfaction. With a strong rental history, excellent location, and continued upside, this well-maintained property is a standout investment opportunity.
Location
State WA
County Spokane
Rooms
Basement Laundry
Interior
Heating Electric, Baseboard, Ductless
Exterior
Parking Features Off Site, Alley Access
Amenities Available Laundry
View Y/N true
Roof Type Flat
Building
Story 3
Structure Type Brick
Schools
Elementary Schools Roosevelt
Middle Schools Sacajawea
High Schools Lewis & Clark
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash