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Ross Street Apartments 906 Ross St 8 Unit Apartment Building $2,267,520 CAD ($283,440 CAD/Unit) 5.45% Cap Rate Davenport, WA 99122
Executive Summary
Marcus & Millichap is pleased to present the Ross Street Apartments, an 8-unit apartment complex located in Davenport, Washington. The property consists of 8 two
bedroom, two-bathroom units, averaging approximately 900 square feet each. Amenities on the property include Stainless Steel Appliances, Washer & Dryer Hookups,
Granite Countertops, and Mini-Splits
The Property is located in Davenport, Washington, the county seat of Lincoln County and approximately 35 miles northwest of Spokane, Washington. Davenport serves
as a regional service and employment hub for the surrounding agricultural communities, creating steady demand for workforce housing with limited competing rental
supply.
The local rental market benefits from a lack of new multifamily development, supporting stable occupancy and rent durability relative to larger, more volatile urban
markets. The Property is well positioned to capture long-term tenancy driven by essential workers, government employees, and agricultural support services.
This offering presents an opportunity for investors seeking predictable cash flow in a supply-constrained market.
bedroom, two-bathroom units, averaging approximately 900 square feet each. Amenities on the property include Stainless Steel Appliances, Washer & Dryer Hookups,
Granite Countertops, and Mini-Splits
The Property is located in Davenport, Washington, the county seat of Lincoln County and approximately 35 miles northwest of Spokane, Washington. Davenport serves
as a regional service and employment hub for the surrounding agricultural communities, creating steady demand for workforce housing with limited competing rental
supply.
The local rental market benefits from a lack of new multifamily development, supporting stable occupancy and rent durability relative to larger, more volatile urban
markets. The Property is well positioned to capture long-term tenancy driven by essential workers, government employees, and agricultural support services.
This offering presents an opportunity for investors seeking predictable cash flow in a supply-constrained market.
Property Facts
| Price | $2,267,520 CAD | Building Class | C |
| Price Per Unit | $283,440 CAD | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 7,200 SF |
| Cap Rate | 5.45% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.11 | No. Stories | 2 |
| No. Units | 8 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 2.22/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R - Residential | ||
| Price | $2,267,520 CAD |
| Price Per Unit | $283,440 CAD |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| Gross Rent Multiplier | 11.11 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 2.22/1,000 SF |
| Zoning | R - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | $2,126 CAD | 900 |
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Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0304-074-001200 | Improvements Assessment | $485,448 CAD |
| Land Assessment | $85,032 CAD | Total Assessment | $570,480 CAD |
Property Taxes
Parcel Number
0304-074-001200
Land Assessment
$85,032 CAD
Improvements Assessment
$485,448 CAD
Total Assessment
$570,480 CAD
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Ross Street Apartments | 906 Ross St
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