$2,000,000

Estimated payment $12,604/month

Total Views 157
-- Bed
-- Bath
20,634 Sq Ft
$97 Price per Sq Ft

Highlights

  • Baseboard Heating
  • Sacajawea Middle School Rated A-
  • Laundry Facilities

About This Home

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.

Listing Agent

Jim Lister

Windermere Manito, LLC License #38327 Listed on: 09/26/2025

Windermere Manito, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Home Design

  • 20,634 Sq Ft Home
  • Brick Exterior Construction

Additional Features

  • 4,356 Sq Ft Lot
  • Baseboard Heating
  • Unfinished Basement

Community Details

  • 42 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Year Built: 1908
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • Lot Size Acres: 0.1
  • Road Frontage Type: City Street
  • Reso Association Amenities: Laundry, Recreational Area
  • Co List Office Phone: +1 (509) 747-10
  • MLS Status: New
  • Reso Structure Type: See Remarks
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished

Exterior Features

  • Roof: See Remarks
  • Construction Type: Brick

Garage/Parking

  • Parking Features: See Remarks

Utilities

  • Heating: Electric, Baseboard

Lot Info

  • Lot Size Sq Ft: 4356

Multi Family

  • Number Of Units Total: 42

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2025 09/26/25 For Sale $2,000,000 -- $97 / Sq Ft
Source: Spokane Association of REALTORS®

Source: Spokane Association of REALTORS®

MLS Number: 202524717

Spokane Association of REALTORS®