1414 W Tenth Avenue, Spokane, WA 99204
- $849,000
- 7,249
- SqFt
Listing courtesy of The Paragon Group.
- List Price
- $849,000
- Status
- ACTIVE
- MLS#
- 2562023
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Building Condition
- Average
- Finished SqFt
- 7,249
- Area Total SqFt
- 7249
- Annual Tax Ammount
- 4993
- Lot Size (sq ft)
- 7,810
- Sewer
- Sewer Connected
Property Description
10th Avenue Apartments is a seven-unit multifamily property located in Spokane’s historic Cliff/Cannon neighborhood on the lower South Hill. Offered at $849,000, or $121,286 per unit, the property provides immediate income at a 7.54% in-place cap rate with a path to an 8.02% pro forma cap rate. Four units have already been renovated, establishing a clear improvement standard for the three remaining unrenovated units. This defined renovation scope gives new ownership the opportunity to improve unit quality and increase rental income without undertaking a full property repositioning. The property is minutes from downtown Spokane, the Medical District, neighborhood parks, Huckleberry’s Natural Market, and other South Hill amenities. Its established residential location provides convenient access to major employers, shopping, recreation, and transit while supporting continued renter demand.
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Additional Information
- List Date
- 2026-07-29 23:28:11
- Community
- Spokane
- Net Operating Income
- $64,007
- Gross Adjusted Income
- $80,028
- Gross Scheduled Income
- $97,200
- Total Monthly Income
- $6,669
- Insurance Expenses
- $3,588
- Water/Sewer/Garbage Expenses
- $1,700
- Gross Rent Multiplier
- 8.73
- Total Expenses
- $16,021
- Cap Rate
- 7.54
- Vacancy Rate
- 17172
- Total Number of Units
- 7
- Unit Name
- 1414 W
- Potential Terms
- Conventional
- Year Built
- 1909
- Roof
- Composition
- Other Expenses
- 5740
- Energy Source
- Electric
- School District
- Spokane
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,669
- Gross Scheduled Income
- $97,200
- Vacancy Rate
- 17172
- Gross Adjusted Income
- $80,028
- Tax Year
- 2026
- Insurance Expense
- $3,588
- W/S/G Expenses
- $1,700
- Total Expenses
- $16,021
- Net Operating Income
- $64,007
- Gross Rent Multiplier
- 8.73
- Cap Rate
- 7.54
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.