1515 W Sharp Ave, Spokane, WA 99201

Spokane
Local realty services provided by:ERA Shelman Realty
1515 W Sharp Ave,Spokane, WA 99201
$1,795,000
  • - Beds
  • - Baths
  • 10,944 sq. ft.
  • Multi-family
  • Active
Listed by: jordan lester
Office: svn cornerstone commercial
MLS#:26-10283
Source:ID_CDAR

Price summary

  • Price:$1,795,000
  • Price per sq. ft.:$164.02

About this home

SVN Cornerstone is pleased to present Sharp Apartments, a 16-unit multifamily investment opportunity in Spokane, WA. Built in 1977, the property features twelve 1-bed/1-bath units (~576 SF) and four 2-bed/1-bath units (~720 SF). 12 units have been renovated, leaving four classic units that offer an immediate ~17% upside in rents upon renovation. All units include in-wall A/C, baseboard heat, dishwashers, and ample closet space. Amenities include onsite laundry and covered rear parking. Offered at $1,900,000 ($118,750/unit | $194/NRSF), the asset delivers a 5.77% in-place cap rate at 100% occupancy. Located in Spokane's West Central neighborhood, the property offers quick access to I-90 and US-2/Division St, and is minutes from Downtown Spokane, the Spokane County Courthouse campus, Spokane Arena, and Riverfront Park--driving strong long-term tenant demand and stabilit

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Home facts

  • Year built:1977
  • Subdivision & Development:Spokane
  • Listing ID #:26-10283
  • Added:3 day(s) ago
  • Updated:October 20, 2026 at 03:39 PM

Rooms and interior

  • Basement:Yes
  • Living area:10,944 sq. ft.

Heating and cooling

  • Heating:Furnace

Structure and exterior

  • Roof:Aluminum
  • Year built:1977
  • Building area:10,944 sq. ft.
  • Lot area:0.38 Acres
  • Lot Features:Level
  • Foundation Description:Wood

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,795,000
  • Price per sq. ft.:$164.02
  • Tax amount:$15,287 (2025)
IDX information is provided by the Coeur d’Alene Multiple Listing Service exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data is deemed reliable but is not guaranteed accurate by the MLS

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