2923 N Hogan St Spokane, WA 99207
Logan NeighborhoodEstimated payment $4,176/month
About This Home
The Hogan Apartments! Low-maintenance, value-add building with strong upside potential. The property includes six 1BD/1BA units, onsite laundry, and dedicated parking for each unit plus street parking. Competitive price point offered at $110,000/unit with a 6.40% cap rate, this asset outperforms market comps averaging $128,073/unit and a 6.07% cap rate. Stabilized Asset – With rents already at market rates, this turnkey property is already cash flowing. Light renovations include: New flooring, paint, and windows across units, reducing upfront capital needs. Situated in the Logan neighborhood, residents benefit from quick access to Gonzaga Prep High School, Gonzaga University, Spokane Community College, Downtown Spokane, and major transit routes. Features like onsite laundry and dedicated parking for each unit boost tenant satisfaction and improve retention. Strong rental demand. The 1 BD/1BA layouts are ideal for singles, couples, & professionals, ensuring consistent occupancy and long-term stability.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1978
Lot Details
- 6,534 Sq Ft Lot
Parking
- Shared Driveway
Home Design
- Vinyl Siding
Interior Spaces
- 3,144 Sq Ft Home
- 3-Story Property
Community Details
- 6 Units
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 35092.1002
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | Price Changed | $660,000 | -5.0% | $210 / Sq Ft |
| 05/05/2025 05/05/25 | For Sale | $695,000 | 0.0% | $221 / Sq Ft |
| 04/15/2025 04/15/25 | Pending | -- | -- | -- |
| 01/10/2025 01/10/25 | For Sale | $695,000 | 0.0% | $221 / Sq Ft |
| 11/07/2024 11/07/24 | Pending | -- | -- | -- |
| 08/27/2024 08/27/24 | Price Changed | $695,000 | -4.1% | $221 / Sq Ft |
| 07/31/2024 07/31/24 | For Sale | $725,000 | +11.5% | $231 / Sq Ft |
| 11/24/2021 11/24/21 | Sold | $650,000 | 0.0% | $302 / Sq Ft |
| 10/15/2021 10/15/21 | Pending | -- | -- | -- |
| 10/13/2021 10/13/21 | For Sale | $650,000 | +75.7% | $302 / Sq Ft |
| 08/29/2020 08/29/20 | Sold | $370,000 | +1.4% | $172 / Sq Ft |
| 08/28/2020 08/28/20 | Pending | -- | -- | -- |
| 08/28/2020 08/28/20 | For Sale | $365,000 | -- | $170 / Sq Ft |
Source: Spokane Association of REALTORS®
MLS Number: 202420591
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