1019 S Monroe St, Spokane, WA 99204

Description

Exceptional value-add investment opportunity in a prime South Hill location! This 6-unit apartment building features five 1-bedroom/1-bath units and one studio, ideally situated directly across from Huckleberry's Natural Market and just minutes from Downtown Spokane, Sacred Heart, Deaconess, and other major employers. The property offers five covered off-street parking spaces, coin-operated laundry, and a history of stable, long-term tenants who are all current on rent. While the building has been well maintained, many units remain dated, providing an excellent opportunity to renovate and capture significant rental upside as units turn over. Strong location, dependable tenancy, and below-market rents make this an attractive investment with immediate income and long-term appreciation potential.