$2,000,000

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224 S Howard St Spokane, WA, United States 99201

We are pleased to present the Howard Building for sale at 224 S Howard St in Downtown Spokane. This property offers 40 apartment units, 2 retail suites (one occupied by The Blessed Express Barbershop, one vacant) Significant Capital Improvements – Extensive upgrades include fresh paint, new flooring, updated bathrooms, modern light fixtures, and partial furnishings. Diverse Income Stream – 40 apartments and 2 ground-floor retail suites provide balanced residential and commercial revenue. Resident Amenities – Tenants enjoy shared laundry, communal space, and enhanced security in a walkable downtown location near dining, shopping, entertainment, third-party parking, and transit. Value-Add Potential – Lease the vacant retail suite, activate the basement, and optimize operations for increased NOI. Attractive Assumable Loan – Seller financing via an assumable note at 4.65% interest-only, maturing January 2028, with 24-month extension option.

Amenities

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: Multifamily
  • Year Built: 1908
  • Built in 1908
  • Home size: 20,634 ft2 / 1,916.95 m2
  • MLS: 202524717
  • Status: Active

Property brokered by

Windermere Real Estate - Mountain West

(509) 468-9410

Get more listing details on brokerage site

Presented by Jim Lister

  • (509) 747-1051 (Office Phone)

Contact Jim Lister

Contact Agent

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