Property Details
1414 W Tenth Avenue
Spokane, WA 99204
$849,000
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Property Overview
10th Avenue Apartments is a seven-unit multifamily property located in Spokane’s historic Cliff/Cannon neighborhood on the lower South Hill. Offered at $849,000, or $121,286 per unit, the property provides immediate income at a 7.54% in-place cap rate with a path to an 8.02% pro forma cap rate. Four units have already been renovated, establishing a clear improvement standard for the three remaining unrenovated units. This defined renovation scope gives new ownership the opportunity to improve unit quality and increase rental income without undertaking a full property repositioning. The property is minutes from downtown Spokane, the Medical District, neighborhood parks, Huckleberry’s Natural Market, and other South Hill amenities. Its established residential location provides convenient access to major employers, shopping, recreation, and transit while supporting continued renter demand.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Spokane
Neighborhood
Spokane
Listed
Jul 29, 2026
Structure Type
Multi Family
Parcel Number
25244.4114
Tax & HOA
Annual Property Tax
$4,993 (2026)
Est. Monthly Tax
$416/mo
Financial Summary
Cap Rate
7.54%
Net Operating Income
$64,007
Gross Scheduled Income
$97,200
Gross Rent Multiplier
8.73
Total Expenses
$16,021
Vacancy Rate
17,172.0%
Building & Use
Building Sq Ft
7,249
Leasable Area
7,249 sqft
Total Units
7
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
7,810 sqft
Year Built
1909
Exterior & Lot
Lot Size
0.18 sqft
Year Built
1909
Exterior Materials
Metal/Vinyl
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Metal/Vinyl
Community & Access
Directions
From S Walnut St turn east on W Tenth Ave and the property is on the north side of the road.
Location
City
Spokane
County
Spokane
Coordinates
47.64656, -117.43304
Additional Information
Tax Year
2026
Annual Taxes
$4,993
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 11:30 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
