Property Details

720 S Jefferson St

Spokane, WA 99204

$2,000,000

Pending

CBA# 713504 courtesy of CBA Listing firm: LT Real Estate

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Commercial

Property Type

17,907

Bldg Sq Ft

Units

7.00%

Cap Rate

1907

Year Built

Property Overview

This South Hill multifamily portfolio offers a unique opportunity to acquire 19 units across three buildings on two parcels in one of Spokane’s most desired neighborhoods. The portfolio features a diverse unit mix of seven 1-bedroom units, ten 2-bedroom units, and two 3-bedroom units.The properties generate strong cash flow with additional income from 13 garages, while tenant amenities include on-site laundry. Many units have been updated, and residents enjoy a highly desirable location within walking distance of neighborhood amenities, parks, restaurants, and shopping, with convenient access to downtown Spokane and I-90.Combining scale, unit diversity, supplemental garage income, and a prime South Hill location, this portfolio presents an exceptional opportunity for investors seeking a well-positioned multifamily asset with both stable returns and future upside potential.