1818 W 8th Ave - Apartments FOR SALE


Spokane, WA 99204- Cliff Cannon
$1,300,000 USD
509-315-8720
1818 W 8th Ave, Spokane, WA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/7
null | 7.66% Cap Rate

1818 W 8th Ave
Spokane, WA 99204
Cliff Cannon


HIGHLIGHTS

  • 8 - 1 Bed Units, 1- 3 Bed Unit, 1- 2 Bed Unit
  • Rental Income of $11,816/Month
  • 7 Garages for Extra Income

OVERVIEW

From the front, this classic 120-year-old gem showcases timeless old-world charm with hardwood floors, a masonry fireplace, chandeliers, and spacious rooms. In the back, you’ll find modern apartments with ideal floor plans and extra storage. Tenants here tend to stay long-term, thanks to the comfortable, home-like feel these apartments offer. Previously, floor plans were drawn for two additional medium-sized ground-level units, featuring egress windows and partial plumbing, gas, and electrical—some of which are already in a finished space. This area is now primed for potential development. The property also includes additional potential rental income of $750/month from 7.5 garage stalls currently rented as mini-storage.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

10

PRICE/UNIT

$130,000

CAP RATE

7.66%

% 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

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,473 SF

ZONING

RMF

APN/PARCEL ID

25244.4511

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.