1627 W 7th Ave - Apartments FOR SALE


Spokane, WA 99204- Cliff Cannon
$942,000 USD
509-315-8720
1627 W 7th Ave, Spokane, WA for Sale
$942,000 USD
Apartments - FOR SALE
1/16
null | 7% Cap Rate

1627 W 7th Ave
Spokane, WA 99204
Cliff Cannon


HIGHLIGHTS

  • On Site Laundry Facilities
  • Rental Income of $8,573/Month
  • Brick Exterior & Carport Parking

OVERVIEW

4 - 1 Beds, 2 - 2 Beds & 2 Studios On Site Laundry Facilities Rental Income of $8,573/Month Brick Exterior & Carport Parking Great South Hill Location Close to 1-90 Walking Distance to Restaurants, Shopping & Parks 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

$942,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

8

PRICE/UNIT

$117,750

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

MF

APN/PARCEL ID

25244.3506

ASK ABOUT THIS PROPERTY

Dallas LightnerLT Real EstateMore Info
509-315-8720

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Dallas LightnerLT Real EstateMore Info
509-315-8720

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