1414 Tenth Avenue, Spokane, WA 99204

Spokane
Local realty services provided by:ERA Skyview Realty
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 per unit, 10th Avenue Apartments presents a compelling cash-flow opportunity in Spokane’s historic Cliff/Cannon neighborhood. The property is currently 100% occupied with high-quality tenants, providing immediate and stable income. A new lease was recently signed, bringing total monthly revenue to $7,792. At the current asking price, the property offers an 8.01% in-place cap rate, with a path to an 8.56% pro forma cap rate. Significant capital improvements have already been completed, reducing near-term capital needs for new ownership. Recent improvements include exterior paint, a new hot water heater, interior paint throughout the common areas, updates to the parking area, and more Four of the seven units have been renovated, establishing a clear improvement standard for the three remaining unrenovated units. This defined renovation scope provides new ownership with an opportunity to further improve unit quality and increase rental income...

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Home facts

  • Year built:1909
  • Subdivision & Development:Spokane
  • Listing ID #:2562023
  • Updated:September 14, 2026 at 11:13 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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