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912 S Madison St 9 Unit Apartment Building $1,462,975 CAD ($162,553 CAD/Unit) 7.39% Cap Rate Spokane, WA 99204
Investment Highlights
- On Site Laundry Facility
- 9 Units total
- Covered Carport Parking
Executive Summary
Two Buildings on One Lot
Triplex: 3 - 2 Bed/1 Bath Units
6 Unit: 1 - Studio/1 Bath, 3 - 1 Bed/1 Bath Units, 2 - 2 Bed/1 Bath Units
Rental Income of $10,261/Month
On Site Laundry Facilities
Covered Carport Parking
Triplex: 3 - 2 Bed/1 Bath Units
6 Unit: 1 - Studio/1 Bath, 3 - 1 Bed/1 Bath Units, 2 - 2 Bed/1 Bath Units
Rental Income of $10,261/Month
On Site Laundry Facilities
Covered Carport Parking
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,462,975 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $162,553 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 7.39% | Building Size | 10,568 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RSF | ||
| Price | $1,462,975 CAD |
| Price Per Unit | $162,553 CAD |
| Sale Type | Investment |
| Cap Rate | 7.39% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 10,568 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Opportunity Zone |
Yes |
| Zoning | RSF |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 5 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 35193.1001 | Improvements Assessment | $1,371,280 CAD (2026) |
| Land Assessment | $204,257 CAD (2026) | Total Assessment | $1,575,538 CAD (2026) |
Property Taxes
Parcel Number
35193.1001
Land Assessment
$204,257 CAD (2026)
Improvements Assessment
$1,371,280 CAD (2026)
Total Assessment
$1,575,538 CAD (2026)
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912 S Madison St
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