1212 W 7th Ave/618 S Jefferson St, Spokane, WA 99204

Building Details

Year Built

1910

Listing office SVN Cornerstone LLC j***@svn.com Show Phone

Listing date Jun 24, 2026

Source Svncornerstone

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Overview

This 25-unit apartment complex includes two buildings with a unit mix of 1 studio, 9 one-bedroom/one-bath, 11 two-bedroom/one-bath, and 1 three-bedroom/one-bath layout across the properties. The seller reports new roofs installed in 2021, new boilers added in 2010, and upgraded electrical in both buildings. The interiors also include baseboard electric heaters and upgraded outlets in every room. Each building provides 25 storage units located in the basements.

The property is offered for sale via owner contract, with terms described as 20% down, 5% interest, and a 30-year amortization schedule.

From an operations standpoint, the configuration supports a broad mix of tenant types, including studios through three-bedroom units. The current leasing profile is described as having 12+ months of minimum rental history, with screening indicators cited as 650+ credit scores, income at least 3x rent, and no prior evictions or felonies. The seller also notes rent increase potential of 32.9%, alongside the possibility of RUBS.

Suggested Use

Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

Location Insight

• Map
• Local Demand

City

Spokane

County

Spokane

State

Washington

Longitude

-117.4296055

Latitude

47.6441256

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FAQs

What type of property is this?

Apartment building - Modernized 25-unit multifamily with new roofs and upgraded systems, plus basement storage for tenants.

Where is this apartment building located?

The property is located at 1212 W 7th Ave/618 S Jefferson St Spokane, WA.

What is the asking price?

The asking price for this property is $4,000,000.

What are key features of this property?

This property features: 25‑unit apartment complex built in 1910; Unit mix: 1 three‑bedroom/one‑bath, 11 two‑bedroom/one‑bath, 9 one‑bedroom/one‑bath, and 4 studios; New roofs in 2021; new boilers in 2010