1515-1519 W Sharp Ave, Spokane, WA 99201
- $1,900,000
- List Price
- $1,900,000
- MLS#
- 202623781
- Property Sub-Type
- Residential Income
- Current MLS Listing Sale Status
- New
- Financing Terms
- Cash, Commercial
- City
- Spokane
- Acres
- 0.39
Property Description
SVN Cornerstone is pleased to present Sharp Apartments, a 16-unit multifamily investment opportunity in Spokane, Washington. Originally constructed in 1977, the property offers a well-maintained apartment community with stable in-place cash flow and attractive value-add potential. The unit mix consists of twelve 1-bed, 1-bath units averaging 576 square feet and four 2-bed, 1-bath units averaging 720 square feet. 12 of the 16 units have already been renovated, with the remaining four offered in classic condition. All units feature in-wall air conditioning, baseboard heat, dishwashers and ample closet space, and the property offers onsite laundry and covered parking at the rear. Offered at $1,900,000 ($118,750 per unit / $194 per NRSF), Sharp Apartments generates a 5.77% in-place capitalization rate at 100% occupancy, demonstrating strong tenant demand and operational stability.
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Additional Information
- Year Built
- 1977
- MLS Area/Grid
- NW Urban N I-90
- MLS Area/Grid Number
- A330/020
- Parcel Number
- 25131.1015
- School District
- Spokane Dist 81
- Elementary School
- Homes
- Middle School
- Yasuhara
- High School
- North Central
- Home Amenities
- Laundry
- Basement
- None
- Heating/Cooling
- Baseboard
- Roof Style
- Composition
- Frontage
- City Street, Paved Road
- Acres MOL
- 0.39
- Lot Size
- 16,800
- Lot Information
- Fencing, Treed, Level
- 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.