Updated Four-Unit
For Sale
Contact for pricing
1308 W Boone Ave, Spokane, WA 99201
Four updated units feature separate electric heat and baseboard systems, with a recently replaced roof.
Property SizeContact for details
Days on Market120
Property Features for 1308 W Boone Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
7%
Multifamily Units
4
Building Details
Year Built
1901
Tenancy
Multi
Listing Agency:
NAI Black
Listed By:
James S. Black III, CCIM · License #WA
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 10:19PM
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 NAI Black
Investment Insights
Based on property information with market context.
This for-sale four-unit apartment complex offers a unit mix of (2) two-bedroom units, (1) one-bedroom unit, and (1) 1.5-bedroom unit. All units have been updated within the last 15 months, and the property has a brand-new roof. The heating is baseboard electric and is separately metered by unit.
Built in 1901, the property includes owner-provided tenant notice of 90 days to vacate. Historical gross income is listed at $57,360 per year, with pro forma NOI of $30,885 and a pro forma cap rate of 7%. The adjacent property is also for sale, and details are available from the listing broker.
Built in 1901, the property includes owner-provided tenant notice of 90 days to vacate. Historical gross income is listed at $57,360 per year, with pro forma NOI of $30,885 and a pro forma cap rate of 7%. The adjacent property is also for sale, and details are available from the listing broker.
Key Highlights
- 4‑unit apartment complex with updated unit mix: (2) 2BR, (1) 1BR, (1) 1.5BR
- All units updated within the last 15 months
- Brand new roof
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 99201, WA
15,716
Population
8,842
Households
1.8
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
5,239
Density / Sq Mi
$35,286
Median Household Income
$36,599
Median Earnings
$883
Median Rent
$259,800
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?
Quadplex - Four updated units feature separate electric heat and baseboard systems, with a recently replaced roof.
Where is this quadplex located?
The property is located at 1308 W Boone Ave Spokane, WA.
What are key features of this property?
This property features: 4‑unit apartment complex with updated unit mix: (2) 2BR, (1) 1BR, (1) 1.5BR; All units updated within the last 15 months; Brand new roof
