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Listed by: Peter Clark (509) 943-0400 | The Paragon Group (509) 943-0400
$799,000
Monthly Est:$3,977
9 Beds
7 Baths
7,249sqft
1414 West 10th Ave, Spokane, WA 99204
$799,000
$3,977/moEst:
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Multi Family
Built in 1909
$-- HOA
7,810 sqft lot
$110/sq.ft
Description
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.
- Houzeo last checked: 5 hours ago
- Listing updated: September 21, 2026 at 6:43 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2562023
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1909
HOA Fees
-
Finished Area
7,249 sqft
Lot Size
7,810 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2562023
MLS Status
Active
Days on Market
72
Cumulative Days on Market
72
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 7
Interior
Sewer
Sewer Connected
Exterior Features
Metal/vinyl
Cooling
None
Heating
Radiator
Construction
Year Built
Year Built: 1909
Home type
Multi Family
Construction Materials
Metal/vinyl
Property Condition
Average
Roof
Composition
Utilities & Energy
Water Source
Public
Other Features
Subdivision Name
Spokane
Price History
| Date | Event | Price |
|---|---|---|
07/29/2026 Source: | Price Increased | $849,000 +6.26% $117/sqft |
07/29/2026 Source: | Listed for Sale | $799,000 $110/sqft |
Cliff-Cannon Ranks #20 in Spokane, WA
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 09, 2026, 02:32PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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