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Price Drop: $105K (10/23)
Street View
$1,795,000
Monthly Est:$8,934
3 Beds
2 Baths
--sqft
1515-1519 W Sharp Ave, Spokane, WA 99201
$1,795,000
$8,934/moEst:
Get Pre-Approved
Multi Family
Built in 1977
$-- HOA
16,800 sqft lot
--/sqft
Description
SVN Cornerstone is pleased to present Sharp Apartments, a 16-unit multifamily investment opportunity in Spokane, Washington. Originally constructed in 1977, the property offers a well-maintained apartment community with stable in-place cash flow and attractive value-add potential. The unit mix consists of twelve 1-bed, 1-bath units averaging 576 square feet and four 2-bed, 1-bath units averaging 720 square feet. 12 of the 16 units have already been renovated, with the remaining four offered in classic condition. All units feature in-wall air conditioning, baseboard heat, dishwashers and ample closet space, and the property offers onsite laundry and covered parking at the rear. Offered at $1,900,000 ($118,750 per unit / $194 per NRSF), Sharp Apartments generates a 5.77% in-place capitalization rate at 100% occupancy, demonstrating strong tenant demand and operational stability.
- Houzeo last checked: 7 minutes ago
- Listing updated: October 23, 2026 at 7:23 am
- Listing Provided by: Jordan Lester | SVN Cornerstone (509) 321-2000
- Source: Spokane MLS-WA as distributed by MLS GRID | MLS#: 202623781
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1977
HOA Fees
-
Finished Area
- sqft
Lot Size
16,800 sqft lot
Basement Area
- sqft
MLS Name
Spokane MLS
MLS Number
202623781
MLS Status
Active
Days on Market
64
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Interior
Heating
Baseboard
Appliances
Dishwasher
Cooling
Wall Unit(s)
Construction
Year Built
Year Built: 1977
Home type
Multi Family
Roof
Composition
Construction Materials
Wood Siding
Utilities & Energy
Basement
None
Association Amenities
Laundry
Parking Features
Carport
Other Features
Lot Features
Fencing, Treed, Level
Price History
| Date | Event | Price |
|---|---|---|
10/16/2026 Source: | Price Decreased | $1,795,000 -5.53% $0/sqft |
09/04/2026 Source: | Listed for Sale | $1,900,000 +5.61% $0/sqft |
02/14/2022 Source: | Price Increased | $1,799,000 +143.71% $0/sqft |
04/04/2017 Source: | Sold | $738,163 $0/sqft |
West Central Ranks #37 in Spokane, WA
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Based on information from the Spokane Association of REALTORS® through Nov 07, 2026, 11:15PM as submitted to and distributed by MLS GRID. All data is obtained from various sources and may not have been verified by the 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 non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. 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. ©2026 Spokane Association of REALTORS®. All Rights Reserved.
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