Downtown Mixed-Use Apartment
For Sale
Contact for pricing
Pending
218-224 S Howard St, Spokane, WA 99201
40-unit apartment building with two ground-floor retail suites and shared laundry facilities.
Property Size20,634 SF
Days on Market366
Property Features for 218-224 S Howard St
General Information
Standard status
Pending
Size
20,634 SF
Property subtype
MULTIFAMILY
Listing Agency:
SVN Cornerstone LLC
(509) 321-2000
Listed By:
Jordan Lester, CCIM, MBA · License ##21008495
(509) 496-6922
Source:
Moodyscre
Added: Sep 26, 2025
Changed: Sep 12
Last Checked: Sep 26 at 10:07AM
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 SVN Cornerstone LLC
Investment Insights
Based on property information with market context.
The Howard Building is a mixed-use property featuring 40 apartment units along with two ground-floor retail suites. One retail suite is currently occupied, and the other is vacant. The building includes shared laundry facilities for residents and a communal gathering area, and it also has a basement with value-add opportunity for additional use.
Ownership has completed significant capital improvements, including fresh interior paint, new flooring, updated bathrooms, new light fixtures, and partial furnishings. The property is described as being in downtown Spokane with walkable access to restaurants, shopping, entertainment, nearby third-party parking, and transit.
As presented for sale, the property offers a diversified income stream through the combination of residential units and retail space, with potential to lease the vacant retail suite and further activate basement space.
Ownership has completed significant capital improvements, including fresh interior paint, new flooring, updated bathrooms, new light fixtures, and partial furnishings. The property is described as being in downtown Spokane with walkable access to restaurants, shopping, entertainment, nearby third-party parking, and transit.
As presented for sale, the property offers a diversified income stream through the combination of residential units and retail space, with potential to lease the vacant retail suite and further activate basement space.
Key Highlights
- Howard Building at 224 S Howard St in Downtown Spokane: 40 apartment units plus 2 ground‑floor retail suites
- One retail suite is occupied by The Blessed Express Barbershop; the second retail suite is vacant for leasing
- Shared laundry facilities for tenants and a communal tenant gathering area
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,146
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?
Apartment building - 40-unit apartment building with two ground-floor retail suites and shared laundry facilities.
Where is this apartment building located?
The property is located at 218-224 S Howard St Spokane, WA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Howard Building at 224 S Howard St in Downtown Spokane: 40 apartment units plus 2 ground‑floor retail suites; One retail suite is occupied by The Blessed Express Barbershop; the second retail suite is vacant for leasing; Shared laundry facilities for tenants and a communal tenant gathering area
