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1019 S Monroe St

Spokane, WA 99204
  • $575,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: 202622248
UPDATED: 53 min ago
$575,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,022
    SQFT
  • $114
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1940
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

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.

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© 2026 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data 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. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2026-09-05T07:20:56.097.
www.topagentteam.com/homes/179906931
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1019 S Monroe St Spokane, WA 99204

  • Price: $575,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 53 min ago
  • ID#: 202622248
0
Beds
0
Baths
0
½ Baths
0.18
Acres
5,022
SQFT
$114
$/SQFT
1940
Built
Neighborhood:
A220/040
County:
Spokane
Area:
A220/040
Elementary School:
Roosevelt
Middle School:
Sacajawea
High School:
Lewis & Clark
School District:
Spokane Dist 81
Property 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.
Exterior Features

Carport Spaces 0 Construction Materials Brick Lot Features Cross FncdLevelCity Bus (w/in 6 blks) Parking Features Detached Road Frontage Type City StreetPaved Road Roof Tile

Interior Features

Appliances Free-Standing RangeRefrigerator Basement FullFinished Heating Natural GasHot Water

Property Features

Additional Parcels YN No Association Amenities Laundry Building Area Total 5022 Electric Breakers High Speed Internet Yes Listing Terms ConventionalCash Other Structures See Remarks Property Sub Type Residential Income Structure Type Three Story Tax Annual Amount 5328 View Territorial Water Sewer Expense 560

Listing provided courtesy of The Hornberger Group, LLC: .


© 2026 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data 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. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2026-09-05T07:20:56.097.
 
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Spokane WA, 99202