Homes for sale - 507 S Howard St, Spokane, WA 99204

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Sarah Hoverson

sarah.hoverson@exprealty.com +1(406) 690-8080

Listed by Derek Raivio • LT Real Estate

$ 4,250,000

Est. payment | -/mo

42,500 SqFt

Save

$ 4,250,000

Est. payment | -/mo

Save

42,500 SqFt

Key Details

Property Type Multi-Family

Sub Type Rental

Listing Status Active

Purchase Type For Sale

Square Footage 42,500 sqft

Price per Sqft $100

MLS Listing ID 202526824

Year Built 1912

Lot Size 0.320 Acres

Lot Dimensions 0.32

Property Sub-Type Rental

Property 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.

Location

State WA

County Spokane

Rooms

Basement Unfinished, Laundry

Interior

Heating Electric, Baseboard

Exterior

Parking Features Off Site, Alley Access

Amenities Available Laundry

View Y/N true

Roof Type Flat

Building

Story 4

Structure Type Brick

Schools

Elementary Schools Roosevelt

Middle Schools Sacajawea

High Schools Lewis & Clark

School District Spokane Dist 81

Others

Acceptable Financing Conventional, Cash, Commercial

Listing Terms Conventional, Cash, Commercial

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

9

Wilson Elementary

Public | PK - 6
9

Hamblen Elementary

Public | PK - 6
8

Jefferson Elementary

Public | PK - 6
8

Hutton Elementary

Public | PK - 6
6

Roosevelt Elementary

Public | PK - 6
5

Garfield Elementary

Public | PK - 6
5

Longfellow Elementary

Public | PK - 6
4

Holmes Elementary

Public | PK - 6
4

Audubon Elementary

Public | PK - 6
4

Logan Elementary

Public | PK - 6
4

Grant Elementary

Public | PK - 6
3

Stevens Elementary

Public | PK - 6
0

Bryant Center

Public | PK - 12
0

First Presbyterian Christian School

Private | PK - 4
0

Alternative Bancroft School

Public | 3 - 12
0

Shrine Hospital

Public | PK - 12
0

Cataldo Catholic School

Private | PK - 8
0

Enlightium Academy

Private | PK - 12
0

Sacred Heart Hospital

Public | 3 - 12
0

Southside Christian School

Private | PK - 8

Middle Schools 4

8

Sacajawea Middle School

Public | 7 - 8
0

Alternative Tamarack School

Public | 7 - 12
0

Structural Alternative Confinement School

Public | 8 - 12
0

Daybreak Alternative School

Public | 8 - 12

High Schools 6

7

North Central High School

Public | 9 - 12
5

Lewis and Clark High School

Public | 9 - 12
0

Institute for Extended Learning

Public | 9 - 12
0

The Community School

Public | 9 - 12
0

A-3 Multiagency Adolescent Program

Public | 9 - 12
0

Gonzaga Preparatory School

Private | 9 - 12

School and business data provided by Attom Data.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(406) 690-8080

sarah.hoverson@exprealty.com

507 S Howard St Spokane, WA 99204