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Listed by Jordan Lester • SVN Cornerstone
$ 1,800,000
Est. payment | /mo
20,634 SqFt
$ 1,800,000
Est. payment | /mo
20,634 SqFt
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Pending
Purchase Type For Sale
Square Footage 20,634 sqft
Price per Sqft $87
MLS Listing ID 202611432
Year Built 1908
Lot Size 4,356 Sqft
Lot Dimensions 0.1
Property Sub-Type Residential Income
Property Description
We are pleased to present the Howard Building for sale at 224 S Howard St in Downtown Spokane. This property offers 40 apartment units, 2 retail suites (one occupied by The Blessed Express Barbershop, one vacant) Significant Capital Improvements – Extensive upgrades include fresh paint, new flooring, updated bathrooms, modern light fixtures, and partial furnishings. Diverse Income Stream – 40 apartments and 2 ground-floor retail suites provide balanced residential and commercial revenue. Resident Amenities – Tenants enjoy shared laundry, communal space, and enhanced security in a walkable downtown location near dining, shopping, entertainment, third-party parking, and transit. Value-Add Potential – Lease the vacant retail suite, activate the basement, and optimize operations for increased NOI. Attractive Assumable Loan – Seller financing via an assumable note at 4.65% interest-only, maturing January 2028, with 24-month extension option.
Location
State WA
County Spokane
Rooms
Basement Unfinished
Interior
Heating Electric, Baseboard
Exterior
Parking Features None
Amenities Available Laundry, Recreational Area
Waterfront Description See Remarks
View Y/N true
Roof Type See Remarks
Building
Structure Type Brick
Schools
School District Spokane Dist 81
Others
Acceptable Financing Cash, Owner Financing, Commercial
Listing Terms Cash, Owner Financing, Commercial
Nearby Schools & Businesses
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RSVP Real Estate Group
Real Estate Firm | License ID: 17634
Real Estate Firm License ID: 17634