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    1306 N Monroe St Spokane, WA 99201

    For Sale
    $2,500,000

    Two buildings with development potential in Spokane's downtown periphery.

    Lot size:
    0.89 Acres

    Property Features for 1306 N Monroe St

    General Information

    Lot size
    0.89 Acres

    Source: Kiemle Hagood Agent Tim Kestell

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

    Overview

    Spokane Multifamily Investment Opportunity

    This offering includes two buildings and a parking lot, presenting a multifamily investment opportunity in the northern periphery of Downtown Spokane. The property comprises approximately 38,340 square feet (approximately 0.88 acres) of land. The total building area is approximately 29,934 square feet, which includes a main building of approximately 27,634 square feet and a garage/shop of approximately 2,300 square feet. The location offers multiple access points, spanning approximately half a city block. Zoning is CC2 – DC (Center & Corridor District Center). The property benefits from an excellent periphery location and potential location development benefits. Additional incentives include New Market Tax Credit, General Facilities Connection Waiver, Multi-Family Tax Exemption, Tax Increment Financing, Opportunity Zone Benefits, Spokane Target Investment Area, and Low Income Housing Tax Credit. Floor plans and drawings are available with a signed NDA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4263871
    Latitude
    47.6694101

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    FAQs

    What type of property is this?
    Apartment building - Two buildings with development potential in Spokane's downtown periphery.
    Where is this apartment building located?
    The property is located at 1306 N Monroe St Spokane, WA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Large Land Size: ± 38,340 SF (± .88 Acres) with two buildings totaling ± 29,934 SF of building area.; - Excellent Periphery Location on the Northern periphery of Downtown Spokane with multiple access points.; - Zoning: CC2 – DC (Center & Corridor District Center) allowing for a variety of development options.
    (509) 755-7542
    Request Owner's contact information
    1306 N Monroe 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
    1306 N Monroe St Spokane, WA 99201
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