1103 W 9th Ave - Apartments FOR SALE


Spokane, WA 99204- Cliff Cannon
$1,375,000 USD
509-481-0373
1103 W 9th Ave, Spokane, WA for Sale
$1,375,000 USD
Apartments - FOR SALE
1/9
null | 7.54% Cap Rate

1103 W 9th Ave
Spokane, WA 99204
Cliff Cannon


HIGHLIGHTS

  • Two Buildings on One Lot
  • Rental Income of $11,603/Month
  • On Site Laundry Facilities

OVERVIEW

Apartments 1–4 feature ideal floor plans and were originally built as apartments. Units 1–3 at 912 S Madison are spacious 1,026 SF two-bedroom units, each with in-unit washers and dryers. The two-bedroom units also include fireplaces. Located across the street from Huckleberries in a prime South Hill location. Convenient access to the freeway and Monroe Street. Near Downtown Spokane, close to Deaconess Hospital, Sacred Heart Hospital, and Fairchild Air Force Base. Two Buildings on One Lot - Fourplex: 4 - 2 Bed Units - 7 Unit: 1 - Studio, 4 - 1 Bed Units, 2 - 2 Bed Units - Rental Income of $11,603/Month - On Site Laundry Facilities - Covered Carport Parking - Parcel # 35193.1001 This property offers individuality, uniqueness, and character. Located in Spokane’s historically upscale Lower South Hill neighborhood, this area was originally developed 120 years ago as an affluent district filled with historic homes and mansions. These homes were built during a time when craftsmanship and quality materials were highly valued. Thanks to the lasting quality of the surrounding residences and the convenient access to downtown, this property sits in one of Spokane’s most desirable residential areas. It benefits from easy access to both East–West freeway routes and North–South corridors like Maple and Monroe. Major employers—including Deaconess Hospital, Sacred Heart Hospital, Fairchild Air Force Base, and Downtown Spokane—are just minutes away. The property is centrally located with convenient access to major roads. We encourage you to explore the Spokane City Crime Map to see the neighborhood firsthand. This property has minimal deferred maintenance, and it remains attractive and well cared for—something tenants take pride in. Leases include clear rules: no parties, no loud music, and no smoking. A team of full-time maintenance staff ensures that all repairs are addressed promptly and that the property remains in excellent condition.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

11

PRICE/UNIT

$125,000

CAP RATE

7.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ninth Ave Mansion

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,199 SF

ZONING

RSF

APN/PARCEL ID

35193.1001

ASK ABOUT THIS PROPERTY

Ryan TownerLT Real EstateMore Info
509-481-0373

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Ryan TownerLT Real EstateMore Info
509-481-0373

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