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Mixed-Use Apartment and Retail
For Sale
$1,800,000
Pending

224 Howard, Spokane, WA 99201

Forty apartment units above two ground-floor retail suites, including one vacant suite, plus shared laundry and a communal gathering area.

Property Size20,634 SF
Days on Market185

Property Features for 224 Howard

General Information

Standard status Pending
Size 20,634 SF
Property subtype Multi Family Home

Additional Details

Multifamily Units 40

Taxes and HOA fees

Annual Taxes $12,417

Amenities

0.00

Building Details

Year Built 1908
Listing Agency: SVN Cornerstone Commercial
Listed By: Jordan Lester · License #1271842
Source: Clearwaterproperties
Added: Apr 16 Changed: Oct 16 Last Checked: Oct 16 at 9:12AM

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 Commercial

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Investment Insights

Based on property information with market context.

The Howard Building offers a mixed-use configuration with 40 apartment units and two ground-floor retail suites. One retail suite is occupied by The Blessed Express Barbershop, while the second suite is vacant. Residents have access to shared laundry facilities and a communal gathering area. The building also includes a basement identified as having value-add opportunity for additional use.

Ownership has completed extensive upgrades, including fresh interior paint, new flooring, updated bathrooms, new light fixtures, and partial furnishings.

Located in Downtown Spokane with walkable access to restaurants, shopping, entertainment, nearby third-party parking, and transit, the property combines residential income with retail exposure.

Key Highlights

  • 40 apartment units plus 2 ground‑floor retail suites (1 occupied and 1 vacant) at 224 S Howard St, Downtown Spokane
  • Year built: 1908; basement included with potential for additional use
  • Ownership has completed upgrades including fresh interior paint, new flooring, updated bathrooms, and new light fixtures

Property Analytics

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Current Use

Salon Nouveau Hair Salon

Suggested Use

Top Pick Building Supply Carpet & Flooring Store Locksmith Pet Grooming Service Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

40
Residential units

Location Intelligence

Trade Area within ½ mile

6,146
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Forty apartment units above two ground-floor retail suites, including one vacant suite, plus shared laundry and a communal gathering area.
Where is this apartment building located?
The property is located at 224 Howard 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: 40 apartment units plus 2 ground‑floor retail suites (1 occupied and 1 vacant) at 224 S Howard St, Downtown Spokane; Year built: 1908; basement included with potential for additional use; Ownership has completed upgrades including fresh interior paint, new flooring, updated bathrooms, and new light fixtures
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