206-519-4971
236 W Sprague Ave, Spokane, WA for Sale
Apartments - FOR SALE
1/26
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236 W Sprague Ave
Spokane, WA 99201
City Center Spokane


HIGHLIGHTS

  • The Wolfe and New Washington Apartments buildings provide a value-add multifamily portfolio with 150 units at the heart of Downtown Spokane.
  • These excellent locations are walking distance to Riverfront Park, the Metropolitan Theatre, the Mobius Discovery Center, and top-rated restaurants.
  • Both communities require rehabilitation, allowing a new owner to rejuvenate the properties and capture growing submarket rents.
  • Communities are easily accessible for commuters via nearby Interstate 95, and the Spokane Amtrak Station, which sits within walking distance.
  • Well-supported by a growing population of over 232,000 within 5 miles, with approximately 45% of these residents currently renting their homes.

FOR SALE DETAILS

PRICE

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# OF UNITS

300

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add Downtown Apts | Rehab Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1896

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

DTG

APN/PARCEL ID

35184.1212

ASK ABOUT THIS PROPERTY

Tyler Bretz, CCIMUrban Commercial Partners, LLCMore Info
206-519-4971

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Tyler Bretz, CCIMUrban Commercial Partners, LLCMore Info
206-519-4971

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