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507 S Howard St

Spokane, WA 99204
  • $4,250,000
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: 202526824
Price Reduced
UPDATED: 84 min ago
$4,250,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 42,500
    SQFT
  • $100
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1912
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Prime mixed-use property in Spokane’s sought-after South Hill neighborhood. The building features 1,015 sqft retail space with a coffee tenant in place with five years left on the lease and twenty-nine apartments above. Located in an Opportunity Zone, the property offers valuable tax benefits and strong income potential. The unit mix includes eighteen one-bedroom and eleven two-bedroom apartments, all with spacious layouts and quality finishes. Rent upside of 10%-20% provides additional growth potential. A solid investment opportunity in a high-demand location close to downtown, shopping, and dining.

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© 2025 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2025-12-11T18:20:36.
www.kellerwilliamscda.com/homes/169967417
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507 S Howard St Spokane, WA 99204

  • Price: $4,250,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 84 min ago
  • ID#: 202526824
0
Beds
0
Baths
0
½ Baths
0.32
Acres
42,500
SQFT
$100
$/SQFT
1912
Built
Neighborhood:
A220/032
County:
Spokane
Area:
A220/032
Elementary School:
Roosevelt
Middle School:
Sacajawea
High School:
Lewis & Clark
School District:
Spokane Dist 81
Property Description
Prime mixed-use property in Spokane’s sought-after South Hill neighborhood. The building features 1,015 sqft retail space with a coffee tenant in place with five years left on the lease and twenty-nine apartments above. Located in an Opportunity Zone, the property offers valuable tax benefits and strong income potential. The unit mix includes eighteen one-bedroom and eleven two-bedroom apartments, all with spacious layouts and quality finishes. Rent upside of 10%-20% provides additional growth potential. A solid investment opportunity in a high-demand location close to downtown, shopping, and dining.
Exterior Features

Construction Materials Brick Parking Features Off SiteAlley Access Road Frontage Type City StreetPaved Road Roof Flat

Interior Features

Basement UnfinishedLaundry Basement YN Yes Heating ElectricBaseboard

Property Features

Association Amenities Laundry Building Area Total 42500 Listing Terms ConventionalCashCommercial Property Sub Type Rental Structure Type Four Level

Listing provided courtesy of LT Real Estate: .


© 2025 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2025-12-11T18:20:36.
 
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