$2,000,000 USD
509-496-6922
224 S Howard St
Spokane, WA 99201
City Center Spokane
HIGHLIGHTS
- Capital Improvements – Fresh paint, new flooring, updated baths, lighting, and partial furnishings
- Diverse Income – 40 apartments plus 2 ground-floor retail suites
- Amenities & Location – Laundry, community space, security, walkable downtown access, nearby parking & transit
- Value-Add – Lease vacant retail, activate basement, optimize operations for NOI growth
- Assumable Loan – 4.65% interest-only through Jan 2028, with 24-month extension option
OVERVIEW
SVN Cornerstone is pleased to present the Howard Building for sale located at 224 S Howard St in Downtown Spokane. The Howard Building consists of 40 apartment units, 2 retail suites (one occupied by The Blessed Express Barbershop and one vacant), shared laundry facilities for the tenants, a communal gathering area for tenants, and a basement with value add opportunity for additional use.
FOR SALE DETAILS
PRICE
$2,000,000 USD
PRICE/SF
$117 USD /SF
# OF UNITS
42
PRICE/UNIT
$47,619
CAP RATE
6.42%
% LEASED
95%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Howard Building
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1908
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.1 AC
LAND SF
4,260 SF
ZONING
DTS
APN/PARCEL ID
35191.3105
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509-496-6922
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509-496-6922
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