903 S Adams St - Apartments FOR SALE


Spokane, WA 99204- Cliff Cannon
$1,395,000 USD
509-481-0373
903 S Adams St, Spokane, WA for Sale
$1,395,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

903 S Adams St
Spokane, WA 99204
Cliff Cannon


HIGHLIGHTS

  • Potential for Seller Financing
  • On Site Laundry Facilities
  • 7 - 1 Bed Units, 1 - 2 Bed Unit, 1 -Studio

OVERVIEW

Step into a rare investment opportunity with this historic Tudor mansion—formerly the Martin Woldson mansion—now transformed into a high-performing multifamily asset. This iconic property includes 7 one-bedroom units, 1 spacious two-bedroom unit, and 1 charming studio, generating a combined monthly income of $9,438. Inside, residents enjoy vaulted 9-foot ceilings on the main and top floors, adding grandeur and openness to each unit. On-site laundry facilities provide added convenience, and the character-rich architecture offers timeless curb appeal and tenant retention. This is more than just a rental—it's a chance to own a piece of Spokane’s history while benefiting from stable cash flow and future upside. Seller financing available.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

9

PRICE/UNIT

$155,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,599 SF

ZONING

RMF

APN/PARCEL ID

35193.1105

ASK ABOUT THIS PROPERTY

Ryan TownerLT Real EstateMore Info
509-481-0373

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Ryan TownerLT Real EstateMore Info
509-481-0373

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