$1,200,000

11 Beds 10 Baths 6,164 SQFT 0.12 Acres
Type: Multi-Family

1927 W Riverside Avenue
Spokane, WA 99201

MLS#: 2585554
Presented by: The Paragon Group and NWMLS

Property Description

 

Riverside10 offers the opportunity to acquire a distinctive 10-unit multifamily property in Spokane’s historic Browne’s Addition neighborhood. Built in 1900, the property combines enduring architectural character with thoughtful updates and an established tenant base, creating an attractive alternative to conventional apartment product. The investment also offers multiple avenues for operational upside. Improved revenue management and active ownership provide an opportunity to enhance cash flow, while one unit’s established short-term rental use and private exterior entrance create additional flexibility beyond traditional apartment operations. Combined with a highly walkable location immediately west of Downtown Spokane, Riverside10 offers a differentiated investment with both existing appeal and future upside.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories4

General

Building Area Units0 sqft
Cap Rate5.61
Carport Spaces0
Carport Y/NNo
CitySpokane
CoolingWindow Unit(s)
CountySpokane
DirectionsFrom North Walnut Street head west on W Riverside Ave and the property is on the south side of W Riverside
Electric Expense4765
Elementary SchoolRoosevelt Elementary
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingWall Furnace
High SchoolLewis & Clark High
High School DistrictSpokane
Insurance Expense5840
Leasable Area6,000 sqft
Listing TermsConventional
Living Area0 sqft
Lot Size Square Feet5,350 sqft
Lot Size UnitsSquare Feet
MLS Area561 - Spokane County
Middle/Junior High SchoolSacajawea Mid
NWM_ShowMapLinkY
Net Operating Income67309
New ConstructionNo
Number Of Units Total10
PossessionClosing
Possible UseMulti-Family, Residential
Property ConditionAverage
Property Style56 - 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksRiverside10 offers the opportunity to acquire a distinctive 10-unit multifamily property in Spokanes historic Brownes Addition neighborhood. Built in 1900, the property combines enduring architectural
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameSpokane
Tax Annual Amount$8,757
Tax Year2026
Units Below Gradetrue
Units In Building Total10
ViewCity
Water Sewer Garbage10724
Year Built1900
Zoning DescriptionMulti-Family, Residential

Exterior

Building Area Total6,164 sqft
Covered Spaces0
Exterior AmenitiesStucco
Foundation DetailsBlock, Poured Concrete
Irrigation Water Rights Y/NNo
Lot Size Acres0.1228
Parking Uncovered Total0
Total Parking0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School Sacajawea Mid
High School Lewis & Clark High
Elementary School Roosevelt Elementary

  

Similar Properties

$1,200,000

11 Beds 10 Baths 6,164 SQFT 0.12 Acres
Type: Multi-Family

1927 W Riverside Avenue
Spokane, WA 99201

MLS#: 2585554