507 S Howard St, Spokane, WA 99204
- $4,250,000
- 42,500
- SqFt
- List Price
- $4,250,000
- Price Change
- ▼ $250,000 1765516825
- MLS#
- 202526824
- Property Sub-Type
- Residential Income
- Current MLS Listing Sale Status
- Active
- Financing Terms
- Conventional, Cash, Commercial
- City
- Spokane
- Acres
- 0.32
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.
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Additional Information
- Year Built
- 1912
- MLS Area/Grid
- SW Urban S I-90
- MLS Area/Grid Number
- A220/032
- Parcel Number
- 35191.4301
- School District
- Spokane Dist 81
- Elementary School
- Roosevelt
- Middle School
- Sacajawea
- High School
- Lewis & Clark
- Home Amenities
- Laundry
- Home Total Sq Ft
- 42,500
- Basement
- Unfinished, Laundry
- Heating/Cooling
- Electric, Baseboard
- Roof Style
- Flat
- Frontage
- City Street, Paved Road
- Acres MOL
- 0.32
- Lot Size
- 14,285
- Property Sub-Type
- Residential Income
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Listing courtesy of SARMLS / LT Real Estate
Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.