224 S Howard St, Spokane, WA 99201
- $1,800,000
- 20,634
- SqFt
- List Price
- $1,800,000
- Price Change
- ▼ $50,000 1776987513
- MLS#
- 202611432
- Property Sub-Type
- Residential Income
- Current MLS Listing Sale Status
- Pending
- Financing Terms
- Cash, Owner Financing, Commercial
- City
- Spokane
- Acres
- 0.10
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.
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Additional Information
- Year Built
- 1908
- MLS Area/Grid
- Downtown
- MLS Area/Grid Number
- A700/035
- Parcel Number
- 35191.3105
- School District
- Spokane Dist 81
- Home Amenities
- Laundry, Recreational Area
- Home Total Sq Ft
- 20,634
- Basement
- Unfinished
- Heating/Cooling
- Electric, Baseboard
- Roof Style
- See Remarks
- Waterfront Property
- See Remarks
- Frontage
- City Street
- Acres MOL
- 0.1
- Lot Size
- 4,356
- Property Sub-Type
- Residential Income
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Listing courtesy of SARMLS / SVN Cornerstone
Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.