927 S Adams St - Apartments FOR SALE


Spokane, WA 99204- Cliff Cannon
$729,485 USD
509-481-0373
927 S Adams St, Spokane, WA for Sale
$729,485 USD
Apartments - FOR SALE
1/8
null | 7.39% Cap Rate

927 S Adams St
Spokane, WA 99204
Cliff Cannon


HIGHLIGHTS

  • Rental Income of $6,479/Month
  • 5 - 1 Bed Units, 1 - 2 Bed Unit
  • On Site Laundry Facilities

OVERVIEW

- 5 - 1 Bed Units, 1 - 2 Bed Unit - Rental Income of $6,479/Month - On Site Laundry Facilities - Brick Exterior - Late 19th-Century Style- Natural Oak - Floors, Woodwork, and Large Windows - Parcel # 35193.1108 This property offers individuality, uniqueness, and character. Located in Spokane’s historically upscale Lower South Hill neighborhood, this area was originally developed 120 years ago as an affluent district filled with historic homes and mansions. These homes were built during a time when craftsmanship and quality materials were highly valued. Thanks to the lasting quality of the surrounding residences and the convenient access to downtown, this property sits in one of Spokane’s most desirable residential areas. It benefits from easy access to both East–West freeway routes and North–South corridors like Maple and Monroe. Major employers—including Deaconess Hospital, Sacred Heart Hospital, Fairchild Air Force Base, and Downtown Spokane—are just minutes away. The property is centrally located with convenient access to major roads. We encourage you to explore the Spokane City Crime Map to see the neighborhood firsthand. This property has minimal deferred maintenance, and it remains attractive and well cared for—something tenants take pride in. Leases include clear rules: no parties, no loud music, and no smoking. A team of full-time maintenance staff ensures that all repairs are addressed promptly and that the property remains in excellent condition.

FOR SALE DETAILS

PRICE

$729,485 USD

PRICE/SF

$152 USD /SF

# OF UNITS

6

PRICE/UNIT

$121,581

CAP RATE

7.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1909

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,551 SF

ZONING

RMF

APN/PARCEL ID

35193.1108

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.