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1428 W 10th Ave 12 Unit Apartment Building $1,849,594 CAD ($154,133 CAD/Unit) 7.57% Cap Rate Spokane, WA 99204



INVESTMENT HIGHLIGHTS
- 6 - 1 Bed Units, 1 - 2 Bed Unit, & 5 Studios
- On Site Laundry Facilities & Off Street Parking
- Rental Income of $11,607/Month
EXECUTIVE SUMMARY
- 6 - 1 Bed Units, 1 - 2 Bed Unit, & 5 Studios
- Rental Income of $11,437/Month
- On Site Laundry Facilities & Off Street Parking
- High Ceilings, Large Windows, & Hardwood Floors
- Recent Remodels
- Great South Hill Location Close to I-90
- Parcel # 25244.4105
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.
- Rental Income of $11,437/Month
- On Site Laundry Facilities & Off Street Parking
- High Ceilings, Large Windows, & Hardwood Floors
- Recent Remodels
- Great South Hill Location Close to I-90
- Parcel # 25244.4105
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.
PROPERTY FACTS Under Contract
| Price | $1,849,594 CAD | Building Class | B |
| Price Per Unit | $154,133 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 7,524 SF |
| Cap Rate | 7.57% | No. Stories | 3 |
| No. Units | 12 | Year Built | 1909 |
| Property Type | Multifamily | Parking Ratio | 1.06/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RMF | ||
| Price | $1,849,594 CAD |
| Price Per Unit | $154,133 CAD |
| Sale Type | Investment |
| Cap Rate | 7.57% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 7,524 SF |
| No. Stories | 3 |
| Year Built | 1909 |
| Parking Ratio | 1.06/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RMF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 1 | - | - |
| Studios | 5 | - | - |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 25244.4105 | Improvements Assessment | $1,489,922 CAD |
| Land Assessment | $160,188 CAD | Total Assessment | $1,650,111 CAD |
PROPERTY TAXES
Parcel Number
25244.4105
Land Assessment
$160,188 CAD
Improvements Assessment
$1,489,922 CAD
Total Assessment
$1,650,111 CAD
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1428 W 10th Ave
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