Eight-Unit Apartment
104 S Oak St Spokane, WA 99201
New
104 S Oak St, Spokane, WA, 99201
$995,000
For Sale
$995,000
Eight-unit residential income property with four 1-bedroom and four 2-bedroom units, on-site laundry, and six garages.
Property Size5,397 SF
Lot Size0.12 Acres
Price / SF$184.36
Days on Market6
Property Features for 104 S Oak St
General Information
- Standard status
- Active
- Size
- 5,397 SF
- Lot size
- 0.12 Acres
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1939
Listing agency
LT Real Estate
(509) 315-8720
Listed by
Dallas Lightner · License #26840
Source
Clearwaterproperties
Added: Jul 16 Updated: Jul 20 at 6:13PM Checked: Jul 21 at 4:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LT Real Estate
Investment Insights
Based on property information with market context.
This eight-unit apartment building offers a balanced unit mix of four 1-bedroom and four 2-bedroom residences. The property includes on-site laundry and six garages, supporting convenient tenant parking and everyday operations.
Built in 1939, the building sits on a 5,350 SF lot and totals approximately 5,397 SF. The asset is positioned in Browne’s Addition, with proximity to downtown Spokane and nearby dining, shopping, and transit.
For buyers seeking a straightforward multi-family investment, the existing layout and unit mix provide an immediate rental offering, supported by the on-site laundry amenity and garage parking.
Built in 1939, the building sits on a 5,350 SF lot and totals approximately 5,397 SF. The asset is positioned in Browne’s Addition, with proximity to downtown Spokane and nearby dining, shopping, and transit.
For buyers seeking a straightforward multi-family investment, the existing layout and unit mix provide an immediate rental offering, supported by the on-site laundry amenity and garage parking.
Key Highlights
- 8‑unit residential income property with four 1‑bed and four 2‑bed units
- Approximately 5,397 SF total on a 5,350 SF lot
- Built in 1939
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.3k | $19.32 |
| − Vacancy | −$6.7k | −$1.24 |
| EGI | $97.6k | $18.08 |
| − OpEx | −$43.9k | −$8.14 |
| NOI | $53.7k | $9.95 |
5,397 SF · lease $19.32/SF/yr · vacancy 6.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$766.8K
$671.0K – $894.6K
NOI $53,678 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,470 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Eight-unit residential income property with four 1-bedroom and four 2-bedroom units, on-site laundry, and six garages.
Where is this apartment building located?
The property is located at 104 S Oak St Spokane, WA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 8‑unit residential income property with four 1‑bed and four 2‑bed units; Approximately 5,397 SF total on a 5,350 SF lot; Built in 1939
