1023 W Knox Ave - Apartments FOR SALE


Spokane, WA 99205- Emerson Garfield
$900,000 USD
509-494-3116
1023 W Knox Ave, Spokane, WA for Sale
$900,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1023 W Knox Ave
Spokane, WA 99205
Emerson Garfield


HIGHLIGHTS

  • Turnkey buildings built in 2011 with updated building systems
  • Ability to acquire residential financing as an owner-occupy investment
  • Large, two-story townhomes demanding higher rent than standard apartment units
  • Opportunity to increase rents 22% with as-is unit finishes
  • Located in an amenity rich location surrounded by jobs, restaurants, schools, & more
  • Walking distance to multiple bus stops, making travel throughout town easily accessible

OVERVIEW

Exceptional opportunity to own turnkey two-story townhomes built in 2011, offering the rare advantage of qualifying for residential financing as an owner-occupied investment. These spacious units command premium rents compared to standard apartments, with immediate upside—current rents have a 22% growth potential without any renovations. Residents enjoy updated building systems, an amenity-rich neighborhood filled with jobs, restaurants, and schools, plus excellent transit access with multiple bus stops within walking distance. Don’t miss this chance to invest in quality, location, and long-term income growth.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$878 USD /SF

# OF UNITS

4

PRICE/UNIT

$225,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Knox Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2011

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

35073.1115

ASK ABOUT THIS PROPERTY

Max FrameKidder MathewsMore Info
509-494-3116

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Max FrameKidder MathewsMore Info
509-494-3116

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.