1414 W Tenth AVE, Spokane, WA 99204
1414 W Tenth AVE, Spokane, WA 99204
1414 W Tenth AVE, Spokane, WA 99204
1414 W Tenth AVE, Spokane, WA 99204
1414 W Tenth AVE, Spokane, WA 99204
1414 W Tenth AVE, Spokane, WA 99204
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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787
Listed by:The Paragon Group • Peter Clark
$ 849,000
Est. payment | /mo

9 Beds

7 Baths

7,249 SqFt

Save
$ 849,000
Est. payment | /mo
Save

9 Beds

7 Baths

7,249 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,249 sqft

Price per Sqft $117

Subdivision Spokane

MLS Listing ID 2562023

Style 55 - 5-9 Units

Bedrooms 9

Year Built 1909

Annual Tax Amount $4,993

Lot Size 7,810 Sqft

Property Sub-Type Multi Family

Property Description

10th Avenue Apartments is a seven-unit multifamily property located in Spokane's historic Cliff/Cannon neighborhood on the lower South Hill. Offered at $849,000, or $121,286 per unit, the property provides immediate income at a 7.54% in-place cap rate with a path to an 8.02% pro forma cap rate. Four units have already been renovated, establishing a clear improvement standard for the three remaining unrenovated units. This defined renovation scope gives new ownership the opportunity to improve unit quality and increase rental income without undertaking a full property repositioning. The property is minutes from downtown Spokane, the Medical District, neighborhood parks, Huckleberry's Natural Market, and other South Hill amenities. Its established residential location provides convenient access to major employers, shopping, recreation, and transit while supporting continued renter demand.

Location

State WA

County Spokane

Area 561 - Spokane County

Interior

Fireplace false

Exterior

Exterior Feature Metal/Vinyl

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Spokane

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Schools & Businesses

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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787

Real Estate Firm | License ID: 17634

Real Estate Firm License ID: 17634

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