507 S Howard St, Spokane, WA 99204

$4,250,000 Active MLS® 202526824 Multi Family Home

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ActiveMLS® 202526824

507 S Howard St, Spokane, WA 99204 photo

Multi Family Home

MLS® 202526824

$4,250,000

507 S Howard St, Spokane, WA 99204

0.32 Acres 42,500 Sq.Ft. Built 1912

Description

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 features

Basement description Unfinished, Laundry
Lot dimension 0.32

Exterior features

Lot dimension 0.32
Roofing materials Flat

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Location