507 S Howard St
Spokane WA 99204
507 S Howard Street
507 S Howard St Spokane WA 99204
Listing #: 705247 | Status: Available | Last Modified: 11/17/2025 |
For Sale
- Phone:(360) 518-9381
- Email:derekraivio@gmail.com
- Office Name:LT Real Estate
- Office Phone:(509) 315-8720
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,500,000.0
- $/SF$ 4,433.5
- $/Unit$ 4,500,000.0
- Listing StatusAvailable
- Days on Market22
- Asset ClassRetail, Multi-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 6.23 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units30
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF42500
- Net Rentable Area1015
- Total Office SF
- Largest Contiguous SF
- Lot SF14288
- Acres0.33
- Property TypeMulti-Family
- Office Type
- Building ClassA
- CountySpokane
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaSouth Hill
- Tax ID #35191.4301
- Additional Parcels
- ZoningOR-150
- Year Built1912
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Knickerbocker Apartments
Prime mixed-use property in Spokane’s sought-after South Hill neighborhood. The building features 1,015 sqft retail space with a coffee tenant in place with five years left on the lease and twenty-nine apartments above. Located in an Opportunity Zone, the property offers valuable tax benefits and strong income potential. The unit mix includes eighteen one-bedroom and eleven two-bedroom apartments, all with spacious layouts and quality finishes. Rent upside of 10%-20% provides additional growth potential. A solid investment opportunity in a high-demand location close to downtown, shopping, and dining.
