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Listed by Jim Lister • Windermere Manito, LLC
$ 1,900,000
Est. payment /mo
Pending
224 S Howard St Spokane, WA 99201
20,634 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Rental
Listing Status Pending
Purchase Type For Sale
Square Footage 20,634 sqft
Price per Sqft $92
MLS Listing ID 202524717
Year Built 1908
Lot Size 4,356 Sqft
Lot Dimensions 0.1
Property Sub-Type Rental
Property Description
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.
Location
State WA
County Spokane
Rooms
Basement Unfinished
Interior
Heating Electric, Baseboard
Exterior
Parking Features See Remarks
Amenities Available Laundry, Recreational Area
View Y/N true
Roof Type See Remarks
Building
Structure Type Brick
Schools
School District Spokane Dist 81
Others
Acceptable Financing Cash, Owner Financing, Commercial
Listing Terms Cash, Owner Financing, Commercial