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801 S Adams St 15 Unit Apartment Building $2,596,411 CAD ($173,094 CAD/Unit) 7.53% Cap Rate Spokane, WA 99204
INVESTMENT HIGHLIGHTS
- 15 Unit Multifamily Property
- On Site Laundry Facilities
- Renovated Units
EXECUTIVE SUMMARY
An exceptional investment opportunity awaits with this 15-unit multifamily property, generating $18,430 in monthly income. Located in one of Spokane’s most desirable neighborhoods, this South Hill asset features renovated units with luxury vinyl plank flooring, modern kitchens outfitted with updated cabinetry and stainless steel appliances. Residents enjoy the convenience of on-site laundry facilities and easy access to shopping, dining, and transit. A strong performer in a high-demand rental market—this property is a turnkey addition to any portfolio.
PROPERTY FACTS
| Price | $2,596,411 CAD | Building Class | B |
| Price Per Unit | $173,094 CAD | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 11,360 SF |
| Cap Rate | 7.53% | No. Stories | 2 |
| No. Units | 15 | Year Built/Renovated | 1947/1992 |
| Property Type | Multifamily | Parking Ratio | 0.88/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MF | ||
| Price | $2,596,411 CAD |
| Price Per Unit | $173,094 CAD |
| Sale Type | Investment |
| Cap Rate | 7.53% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 11,360 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1947/1992 |
| Parking Ratio | 0.88/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Walking/Biking Trails
- Storage Space
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $1,570 CAD | 650 |
| 2+1 | 8 | $1,745 CAD | 700 |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 35193.0701 | Improvements Assessment | $2,358,876 CAD |
| Land Assessment | $200,913 CAD | Total Assessment | $2,559,789 CAD |
PROPERTY TAXES
Parcel Number
35193.0701
Land Assessment
$200,913 CAD
Improvements Assessment
$2,358,876 CAD
Total Assessment
$2,559,789 CAD
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801 S Adams St
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