$799,000
 $4,289 est/mo Sourced by Back At You

1414 W Tenth Avenue,Spokane, WA 99204

Spokane, WA 99204

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Description

Offered at $799,000, or $114,143/unit, 10th Avenue Apartments presents a compelling cash-flow opportunity in Spokane's historic Cliff/Cannon neighborhood. Individually metered and 100% occupied, the property provides immediate, stable income. A recently signed lease brings total monthly revenue to $7,792. At the asking price, the property offers an 8.01% in-place cap rate, with a path to an 8.56% pro forma cap rate, and is well positioned for straightforward continued operation. Significant capital improvements have been completed, reducing near-term capital needs for new ownership, including a new roof in 2022, exterior paint, a new hot water heater, interior paint in the common areas, parking area updates, and a new electronic garage door opener. Residents also benefit from onsite laundry, garage storage, and off-street parking. Four of the seven units have been renovated, combining updated interiors with the character of the original construction. The residences feature a mix of high ceilings, original wood floors and LVP, skylights, fireplaces, and covered porches, distinguishing the property from more typical apartment offerings. Located on the lower South Hill, the property is minutes from downtown Spokane, the Medical District, neighborhood parks, Huckleberry's Natural Market, and other South Hill amenities. Its established location provides convenient access to major employers, shopping, recreation, and transit, supporting continued renter demand.

Details

MLS #2562023
Listing TypeFor Sale
Building NameCannon's Add
Sub-TypeResale
StatusActive
Year1909
Days On Site54
Listing Provided ByThe Paragon Group | Peter Clark

Features

SQ Feet7,249
Story(s)3
Units7
ZoningMulti-Family,Residential
Acreage0.18

Taxes

Property4993

Area Information

StateWA
CountySpokane
CitySpokane
Zip Code99204
Area561 Spokane County
Community NameSpokane
School DistrictBuyer To Verify
Elementary SchoolBuyer To Verify
High SchoolBuyer To Verify
Listing VS Median (in Spokane)
Price:
$799,000
low | high
Med:
$506,999
86.545807259074% of Average
sqft:
7,249
low | high
Med:
2,218
100% of Average
$ / sqft:
$110
low | high
Med:
$229
57.384780513514% of Average
On site:
54
low | high
Med:
19
100% of Average
Sourced by Back At You

Market Activity 99204

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Learn More About This Property

StateWA
CountySpokane
CitySpokane
Zip Code99204
Area561 Spokane County
Community NameSpokane
School DistrictBuyer To Verify
Elementary SchoolBuyer To Verify
High SchoolBuyer To Verify
Listing VS Median (in Spokane)
Price:
$799,000
low | high
Med:
$506,999
86.545807259074% of Average
sqft:
7,249
low | high
Med:
2,218
100% of Average
$ / sqft:
$110
low | high
Med:
$229
57.384780513514% of Average
On site:
54
low | high
Med:
19
100% of Average
Sourced by Back At You
Listing Updated: September 21, 2026 at 10:55:40 AM PDT