Fully Occupied 6-Unit Apartment
2214 W Northwest Blvd, Spokane, WA 99204
For Sale
$479,900
Residential Income, Spokane, WA
Property Size2,832 SF
Lot Size0.22 Acres
Price / SF$169.46
Days on Market143
Property Features for 2214 W Northwest Blvd
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Appliances
Lot features
View
Elementary school
Middle school
High school
Elementary school district
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Amenities
on-site laundry facilities
tenant storage in the basement
off-street parking
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
Keller Williams Spokane - Main · Keller Williams Realty
Listed By:
Lenae Thornton · License WA #27451
(509) 458-4000
Added: Jun 26
Changed: Oct 28
Last Checked: Nov 15 at 6:06AM
MLS# 202619942
Copyright © 2026 Spokane Association of REALTORS®. 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 6-unit apartment building contains six single-level residences, each configured with 1 bedroom and 1 bathroom. The property totals 2,832 square feet on a 0.22-acre site and was built in 1939. Interior features include hot water service, while individual units are equipped with a free-standing range and refrigerator. Stucco construction, a composition roof, baseboard heating, and electric heating complete the existing improvements.
The building is fully occupied and includes on-site laundry facilities, basement tenant storage, and off-street parking accessed from the alley and offsite areas. Located at 2214 W Northwest Blvd in Spokane, the property is within ZIP Code 99204.
The building is fully occupied and includes on-site laundry facilities, basement tenant storage, and off-street parking accessed from the alley and offsite areas. Located at 2214 W Northwest Blvd in Spokane, the property is within ZIP Code 99204.
Key Highlights
- Fully occupied 6‑unit apartment building
- Six 1‑bedroom, 1‑bathroom single‑level units
- 2,832 square feet on a 0.22‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,167
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,340
$563.3K
Cap Rate 7%
$402,386
$402.4K
Cap Rate 9%
$312,967
$313.0K
Market Conditions
NOI Build-Up for 2,832 SF
Gross rent
$54.7K $19.32/SF
− Vacancy
−$3.5K −$1.24/SF
EGI
$51.2K $18.08/SF
− OpEx
−$23.0K −$8.14/SF
NOI
$28.2K $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%
$563,340
Cap Rate 7%
$402,386
Cap Rate 9%
$312,967
Alternative Uses
Best Use
Apartment 5plus
$402.4K
$352.1K – $469.5K
NOI $28,167 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$730.7K
$639.3K – $852.4K
NOI $51,146 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
311
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
$355,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Spokane, WA
Properties on Market for Apartment buildings in Spokane
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Six single-level residences offer one bedroom and one bathroom each, with laundry, basement storage, and off-street parking.
Where is this apartment building located?
The property is located at 2214 W Northwest Blvd Spokane, WA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Fully occupied 6‑unit apartment building; Six 1‑bedroom, 1‑bathroom single‑level units; 2,832 square feet on a 0.22‑acre site
