20-Unit Apartment
New
For Sale
$2,000,000
1412 N Post St, Spokane, WA 99201
MultiFamily, Multi Level, Spokane, WA
Property Size14,353 SF
Lot Size0.41 Acres
Price / SF$139.34
Days on Market2
Property Features for 1412 N Post St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RHD
Bedrooms
14
Full bathrooms
3
Rooms
Bedroom 10, Bedroom 13, Bedroom 14, Bedroom 12, Bedroom 2, Bathroom 1, Bedroom 9, Bathroom 2, Bedroom 11, Bedroom 5, Bedroom 8, Bedroom 7, Bedroom 4, Bedroom 3, Bathroom 3, Basement, Bedroom 1, Bedroom 6
Basement
Finished
Lot features
Level
View
City
Directions
GPS is accurate
Subdivision
Washington Counties
Standard status
Active
APN
35182.0809
Size
14,353 SF
Lot size
0.41 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
See attached exhibit A
Tax Annual Amount
17361
Legal Description
See attached exhibit A
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
off-street parking
on-site laundry
Building Details
Year built
1914
Number of units
20
Building materials
Brick, Frame
Roof type
Rubber
Architectural style
Other
Buildings
1
Listing Agency:
LT Real Estate
Listed By:
Ryan Towner · License #24027253
(509) 481-0373
Added: Oct 27
Last Checked: Oct 28 at 8:06PM
MLS# 26-10538
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 20-unit apartment property contains 1 three-bedroom unit, 11 one-bedroom units, and 8 studios across 14,353 square feet. Built in 1914, the building has brick and frame construction, natural gas hot water heating, and a rubber roof replaced in 2025. The property also includes off-street parking and on-site laundry.
The 0.41-acre site is near Downtown Spokane. Public water and sewer serve the property, which is zoned RHD.
The 0.41-acre site is near Downtown Spokane. Public water and sewer serve the property, which is zoned RHD.
Key Highlights
- 20 units: 1 three‑bedroom, 11 one‑bedroom, and 8 studios
- 14,353 SF building on a 0.41‑acre site
- 7.15% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,754
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,855,080
$2.9M
Cap Rate 7%
$2,039,343
$2.0M
Cap Rate 9%
$1,586,156
$1.6M
Market Conditions
NOI Build-Up for 14,353 SF
Gross rent
$277.3K $19.32/SF
− Vacancy
−$17.7K −$1.24/SF
EGI
$259.6K $18.08/SF
− OpEx
−$116.8K −$8.14/SF
NOI
$142.8K $9.95/SF
Area
Spokane, WA
Vacancy
6.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,855,080
Cap Rate 7%
$2,039,343
Cap Rate 9%
$1,586,156
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.78M – $2.38M
NOI $142,754 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.70M
$3.24M – $4.32M
NOI $259,215 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
2,683
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied unit mix, on-site laundry, and off-street parking support the building’s multifamily configuration.
Where is this apartment building located?
The property is located at 1412 N Post St Spokane, WA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 20 units: 1 three‑bedroom, 11 one‑bedroom, and 8 studios; 14,353 SF building on a 0.41‑acre site; 7.15% cap rate
