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27304766
27304767

1424 West Tenth Avenue, Spokane, WA 99204 For Sale

RT
WA 24027253
LT Real Estate
DL
WA 26840
LT Real Estate
Listed by LT Real Estate
$950,000
290 days on market
Updated 50 days ago

1424 W 10th Ave, Spokane, WA 99204

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,524
Net Rentable (SqFt) 4,984
Units 8
Cap Rate 7.06%
NOI $67,106
Year Built 1911

Multifamily | 7.06% CAP | 8 Units

Marketing description

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.

Investment highlights

- 5 - 1 Bed Units, 2 - 2 Bed Units, & 1 - 3 Bed Unit

- Rental Income of $8,701/Month

- On Site Laundry Facilities

- Modern Upgrades & Open Floor Plans

- Overhead Dimmable Recessed Lighting

- Close to Maple St Freeway Access

- Walking Distance to Restaurants, Shopping & Parks

- Parcel # 25244.4106

Listing Contacts

RT
WA 24027253
LT Real Estate
DL
WA 26840
LT Real Estate
Listed by LT Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$67,106.00
$5,592.17/mo

Valuation Metrics

0
DSCR
7.06%
Cap Rate
7.06%
ROI

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Additional Information

Name
Ryan Towner
License
24027253
Brokerage
LT Real Estate
Title
Real Estate Broker
Brokerage Address
902 West Garland Avenue
Name
Dallas Lightner
License
26840
Brokerage
LT Real Estate
Title
Designated/Managing Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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