1515 W Sharp Ave, Spokane, WA 99201
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1515 W Sharp Ave, Spokane, WA 99201
1515 W Sharp Ave, Spokane, WA 99201
1515 W Sharp Ave, Spokane, WA 99201
1515 W Sharp Ave, Spokane, WA 99201
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1515 W Sharp Ave Spokane, WA 99201

10,944 SqFt


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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,944 sqft

Price per Sqft $164

Subdivision Spokane

MLS Listing ID 26-10283

Style Multi Level

HOA Y/N No

Year Built 1977

Annual Tax Amount $15,287

Tax Year 2025

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type Multi Family

Source Coeur d'Alene Multiple Listing Service

Property Description

SVN Cornerstone is pleased to present Sharp Apartments, a 16-unit multifamily investment opportunity in Spokane, WA. Built in 1977, the property features twelve 1-bed/1-bath units (~576 SF) and four 2-bed/1-bath units (~720 SF). 12 units have been renovated, leaving four classic units that offer an immediate ~17% upside in rents upon renovation. All units include in-wall A/C, baseboard heat, dishwashers, and ample closet space. Amenities include onsite laundry and covered rear parking.

Offered at $1,900,000 ($118,750/unit | $194/NRSF), the asset delivers a 5.77% in-place cap rate at 100% occupancy. Located in Spokane's West Central neighborhood, the property offers quick access to I-90 and US-2/Division St, and is minutes from Downtown Spokane, the Spokane County Courthouse campus, Spokane Arena, and Riverfront Park--driving strong long-term tenant demand and stabilit

Location

State WA

County Spokane

Community Spokane

Area Washington Counties

Zoning LI

Direction From I-90, take exit 280 for Maple St, cross the bridge north, and turn right on W Sharp Ave. 1515-1519 W Sharp is on the right between Ash & Walnut, minutes from Downtown Spokane & Kendall Yards.

Rooms

Basement None

Interior

Heating Electric, Furnace

Exterior

Garage Description 2 Car

View None

Roof Type Aluminum

Building

Lot Description Level

Foundation Wood

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Other

Others

Tax ID 25131.1015


Listed by SVN Cornerstone Commercial

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1515 W Sharp Ave