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    207 E Sprague Ave Spokane, WA 99202

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    For Sale
    $750,000

    Fully leased property with retail, apartments, and storage units.

    Lot size:
    0.15 Acres

    Property Features for 207 E Sprague Ave

    General Information

    Lot size
    0.15 Acres

    Source: LT Real Estate Agent Dallas Lightner

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

    Overview

    Leased Investment Property For Sale

    This fully leased investment property generates $7,545 per month in rental income. The property includes a total of seven condo units. There are two retail spaces, each with approximately 1,200 square feet and 14-foot ceilings. Additionally, the property features three apartments, including one 2-bedroom, 1-bathroom unit and two 1-bedroom, 1-bathroom units. Two shop/storage units with a fenced yard provide additional income and utility. The TPO roof was replaced in 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.407868
    Latitude
    47.6575048

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    FAQs

    What type of property is this?
    Retail space - Fully leased property with retail, apartments, and storage units.
    Where is this retail space located?
    The property is located at 207 E Sprague Ave Spokane, WA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Fully leased investment property generating $7,545 monthly rental income.; - Features seven condo units.; - Two retail spaces boast 14’ ceilings (approx. 1,200 SF each).
    (509) 315-8720
    Request Owner's contact information
    207 E Sprague Ave Spokane, WA 99202
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    Spokane, WA 99202
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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
    207 E Sprague Ave Spokane, WA 99202
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