224 S Howard St, Spokane, WA 99201
224 S Howard St, Spokane, WA 99201
224 S Howard St, Spokane, WA 99201
224 S Howard St, Spokane, WA 99201
224 S Howard St, Spokane, WA 99201
224 S Howard St, Spokane, WA 99201
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Sarah Hoverson

Sarah Hoverson

+1(406) 690-8080
Listed by Jordan Lester • SVN Cornerstone
$ 1,800,000
Est. payment | /mo

20,634 SqFt

Save
$ 1,800,000
Est. payment | /mo
Save

20,634 SqFt

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Pending

Purchase Type For Sale

Square Footage 20,634 sqft

Price per Sqft $87

MLS Listing ID 202611432

Year Built 1908

Lot Size 4,356 Sqft

Lot Dimensions 0.1

Property Sub-Type Residential Income

Property Description

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.

Location

State WA

County Spokane

Rooms

Basement Unfinished

Interior

Heating Electric, Baseboard

Exterior

Parking Features None

Amenities Available Laundry, Recreational Area

Waterfront Description See Remarks

View Y/N true

Roof Type See Remarks

Building

Structure Type Brick

Schools

School District Spokane Dist 81

Others

Acceptable Financing Cash, Owner Financing, Commercial

Listing Terms Cash, Owner Financing, Commercial

Nearby Locations

Sarah Hoverson

"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

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224 S Howard St