Description
We are pleased to present the Howard Building for sale at 224 S Howard St in Downtown Spokane. This property offers 40 apartment units, 2 retail suites (one occupied by The Blessed Express Barbershop, one vacant) Significant Capital Improvements Extensive upgrades include fresh paint, new flooring, updated bathrooms, modern light fixtures, and partial furnishings. Diverse Income Stream 40 apartments and 2 ground-floor retail suites provide balanced residential and commercial revenue. Resident Amenities Tenants enjoy shared laundry, communal space, and enhanced security in a walkable downtown location near dining, shopping, entertainment, third-party parking, and transit. Value-Add Potential Lease the vacant retail suite, activate the basement, and optimize operations for increased NOI. Attractive Assumable Loan Seller financing via an assumable note at 4.65% interest-only, maturing January 2028, with 24-month extension option.
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0BEDS
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0.1ACRES
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0BATHS
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01/2 BATHS
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20,634SQFT
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$92$/SQFT
Description
We are pleased to present the Howard Building for sale at 224 S Howard St in Downtown Spokane. This property offers 40 apartment units, 2 retail suites (one occupied by The Blessed Express Barbershop, one vacant) Significant Capital Improvements Extensive upgrades include fresh paint, new flooring, updated bathrooms, modern light fixtures, and partial furnishings. Diverse Income Stream 40 apartments and 2 ground-floor retail suites provide balanced residential and commercial revenue. Resident Amenities Tenants enjoy shared laundry, communal space, and enhanced security in a walkable downtown location near dining, shopping, entertainment, third-party parking, and transit. Value-Add Potential Lease the vacant retail suite, activate the basement, and optimize operations for increased NOI. Attractive Assumable Loan Seller financing via an assumable note at 4.65% interest-only, maturing January 2028, with 24-month extension option.
© 2025 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 2025-11-06T15:20:43.757.