906 Ross St - Apartments FOR SALE


Davenport, WA 99122
$1,600,000 USD
206-826-5815
906 Ross St, Davenport, WA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/2
null | 5.45% Cap Rate

906 Ross St
Davenport, WA 99122


OVERVIEW

Marcus & Millichap is pleased to present the Ross Street Apartments, an 8-unit apartment complex located in Davenport, Washington. The property consists of 8 two bedroom, two-bathroom units, averaging approximately 900 square feet each. Amenities on the property include Stainless Steel Appliances, Washer & Dryer Hookups, Granite Countertops, and Mini-Splits The Property is located in Davenport, Washington, the county seat of Lincoln County and approximately 35 miles northwest of Spokane, Washington. Davenport serves as a regional service and employment hub for the surrounding agricultural communities, creating steady demand for workforce housing with limited competing rental supply. The local rental market benefits from a lack of new multifamily development, supporting stable occupancy and rent durability relative to larger, more volatile urban markets. The Property is well positioned to capture long-term tenancy driven by essential workers, government employees, and agricultural support services. This offering presents an opportunity for investors seeking predictable cash flow in a supply-constrained market.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

8

PRICE/UNIT

$200,000

CAP RATE

5.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ross Street Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R

APN/PARCEL ID

0304-074-001200

ASK ABOUT THIS PROPERTY

Keegan MaezMarcus & MillichapMore Info
206-826-5815

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Keegan MaezMarcus & MillichapMore Info
206-826-5815

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