Mixed-Use Property in South
For Sale
$4,250,000
507 Howard, Spokane, WA 99204
Mixed-use property with retail and apartments in Spokane's South Hill.
Property Size42,500 SF
Price / SF$100
Days on Market289
Property Features for 507 Howard
General Information
Standard status
Active
Size
42,500 SF
Property subtype
Multi Family Home
Amenities
Garage: Off Site, Alley Access
Garage Spaces: 0
Off Site, Alley Access
Building Details
Year Built
1912
Listing Agency:
LT Real Estate
Listed By:
Derek Raivio · License #21030903
(360) 518-9381
Source:
Clearwaterproperties
Added: Nov 24, 2025
Changed: Sep 8
Last Checked: Sep 8 at 6:12AM
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 mixed-use property is located in Spokane’s South Hill neighborhood. The building includes 1,015 square feet of retail space, currently occupied by a coffee tenant with five years remaining on the lease. Above the retail space are twenty-nine apartments. The unit mix consists of eighteen one-bedroom and eleven two-bedroom apartments, all featuring spacious layouts and quality finishes. Located in an Opportunity Zone, the property offers potential tax benefits. The property has a total size of 42,500 square feet and offers income potential. There is potential for rent upside of 10%-20%. The property is positioned in a high-demand location near downtown, shopping, and dining.
Key Highlights
- High‑demand South Hill location in Spokane, close to downtown, shopping, and dining.
- Existing retail tenant (coffee shop) with five years remaining on the lease provides immediate income.
- Opportunity Zone location offers valuable tax benefits.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,075
Businesses Nearby
Explore this area
Business Placement
Demographics for 99204, WA
7,000
Population
4,357
Households
1.6
Avg Household Size
34
Median Age
37%
College-Educated
93%
High-School Grad
1.0 sq mi
ZIP Area
7,000
Density / Sq Mi
$50,266
Median Household Income
$39,036
Median Earnings
$1,103
Median Rent
$355,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail and apartments in Spokane's South Hill.
Where is this mixed-use property located?
The property is located at 507 Howard Spokane, WA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: High‑demand South Hill location in Spokane, close to downtown, shopping, and dining.; Existing retail tenant (coffee shop) with five years remaining on the lease provides immediate income.; Opportunity Zone location offers valuable tax benefits.
