Multifamily Property for Sale in Spokane, WA
Altura
930 N Washington St, Spokane, WA 99201, Spokane County
Price
$12,000,000
Listing Information
- # Units 85
- Total Bldg SF 87,960
- Parcel SF 65,610
- Year Built/ Renovated 1972 / 1991
- Price/SF $136.43
- Price/Unit $141,176.47
- Cap Rate 6.61%
- Average Unit SF 1035
Property Information
- Property Type Multifamily
- Acres 1.51
- Parcel # 35181.1108
- Zoning -
Altura Apartments is a premier 84-unit value-add opportunity located in Spokane’s highly desirable Riverside neighborhood, offering residents walkable access to popular bars, restaurants, shopping, parks, and downtown amenities. The property features large unit layouts with unobstructed views of downtown Spokane, complemented by an attractive amenity package including a pool, resident lounge, BBQ area, private balconies, and air conditioning. With strong in-place rents and the potential to achieve approximately 6% upside to market rents and up to 34% through unit renovations, Altura Apartments presents investors with significant operational and revenue growth potential in one of Spokane’s most central and sought-after locations.