1502 N Monroe St - Apartments FOR SALE


Spokane, WA 99201- Emerson Garfield
$3,590,000 USD
509-494-3116
1502 N Monroe St, Spokane, WA for Sale
$3,590,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1502 N Monroe St
Spokane, WA 99201
Emerson Garfield


HIGHLIGHTS

  • Well-maintained, prime value-add opportunity
  • Centrally located near schools, parks, shopping, & more
  • Majority of building systems updated including electrical panels
  • 7 ground floor retail units, offering landlords a diversified investment
  • Increase residential rents 31% as-is and 48% with renovations
  • Includes neighboring 9,431 sqft parcel offering ample parking & future development potential

OVERVIEW

This well-maintained, centrally located property features 24 residential units and 7 ground-floor retail spaces, offering a diversified income stream. Most major building systems, including electrical panels, have been updated. The listing includes a neighboring 9,431 sqft parcel—ideal for ample parking or future development. Positioned near schools, parks, and shopping, this is a prime value-add opportunity in a high-demand area.

FOR SALE DETAILS

PRICE

$3,590,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

24

PRICE/UNIT

$149,583

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St. Cloud Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

Commercial

APN/PARCEL ID

35182.0305,35182.0306

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.