1414 Tenth Avenue, Spokane, WA 99204

Spokane
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: peter clark
Office: the paragon group
MLS#:2562023
Source:NWMLS
1414 Tenth Avenue,Spokane, WA 99204
$799,000
  • - Beds
  • - Baths
  • 7,249 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$799,000
  • Price per sq. ft.:$110.22

About this home

Offered at $799,000, or $114,143/unit, 10th Avenue Apartments presents a compelling cash-flow opportunity in Spokane’s historic Cliff/Cannon neighborhood. Individually metered and 100% occupied, the property provides immediate, stable income. A recently signed lease brings total monthly revenue to $7,792. At the asking price, the property offers an 8.01% in-place cap rate, with a path to an 8.56% pro forma cap rate, and is well positioned for straightforward continued operation. Significant capital improvements have been completed, reducing near-term capital needs for new ownership, including a new roof in 2022, exterior paint, a new hot water heater, interior paint in the common areas, parking area updates, and a new electronic garage door opener. Residents also benefit from onsite laundry, garage storage, and off-street parking. Four of the seven units have been renovated, combining updated interiors with the character of the original construction. The residences feature a mix...

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Home facts

  • Year built:1909
  • Subdivision & Development:Spokane
  • Listing ID #:2562023
  • Updated:September 25, 2026 at 12:23 AM

Rooms and interior

  • Living area:7,249 sq. ft.

Heating and cooling

  • Heating:Radiators

Structure and exterior

  • Roof:Composition
  • Year built:1909
  • Building area:7,249 sq. ft.
  • Lot area:0.18 Acres
  • Construction Materials:Metal/Vinyl Exterior Finish

Schools

  • High school:Buyer To Verify
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$799,000
  • Price per sq. ft.:$110.22
  • Tax amount:$4,993 (2026)

Parking

  • Total parking spaces:3
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