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    218-224 S Howard St Spokane, WA 99201

    For Sale
    $1,900,000

    40 apartments and 2 retail suites in downtown Spokane.

    Property size:
    20,634 SF
    Lot size:
    0.10 Acres

    Property Features for 218-224 S Howard St

    General Information

    Size
    20,634 SF
    Lot size
    0.10 Acres

    Source: SVN Cornerstone LLC Agent Jordan Lester, CCIM, MBA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Spokane Mixed-Use Building

    The Howard Building, located at 224 S Howard St in Downtown Spokane, is available for sale. The property includes 40 apartment units and 2 retail suites. One retail suite is occupied by The Blessed Express Barbershop, and the other is vacant. The building also features shared laundry facilities for tenants, a communal gathering area, and a basement with potential for additional use. Significant capital improvements have been completed, including fresh interior paint, new flooring, updated bathrooms, new light fixtures, and partial furnishings. Tenants have access to shared laundry facilities, a communal gathering space, and enhanced building security. The location provides walkable access to restaurants, shopping, entertainment, nearby third-party parking, and transit. Opportunities exist to lease the vacant retail suite, activate the underutilized basement space, and further optimize operations. The property offers a diverse income stream from its residential and commercial spaces. The building has a total size of 20,634 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Dental Office Hair Salon Realty agency Spa & Massage Building Supply Nail Salon Auto Repair Shop Clothing Store Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4207771
    Latitude
    47.6596896

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    FAQs

    What type of property is this?
    Apartment building - 40 apartments and 2 retail suites in downtown Spokane.
    Where is this apartment building located?
    The property is located at 218-224 S Howard St Spokane, WA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Attractive assumable loan at 4.65% interest-only with maturity in January 2028, plus an option to extend for 24 months.; - Significant capital improvements including fresh interior paint, new flooring, updated bathrooms, new light fixtures, and partial furnishings.; - Value-add potential through leasing the vacant retail suite and activating underutilized basement space.
    (509) 321-2000
    Request Owner's contact information
    218-224 S Howard St Spokane, WA 99201
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    Spokane, WA 99201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    218-224 S Howard St Spokane, WA 99201
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