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About the Listing 6730 - 155301
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.
Listing Highlights
Interior Details
- Bedrooms: 9
- Bathrooms: 7 Full
- Appliances:
- Air Cond:
- Heating: Radiator
- Fireplaces: 0
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Zoning: Multi-Family,Residential
- Garage Capacity: N/A
- Parking Spaces: 3
- Zoning: Multi-Family,Residential
- Roof: Composition
- Others: Metal/Vinyl,Average
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $4,993
- Taxes w/Assessments: N/A
- Tax/Property ID: 25244.4114
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
1414 W Tenth Ave Spokane, WA 99204
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