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40-Unit Mixed-Use Apartment Building
For Sale
$1,800,000
Pending

224 S Howard St, Spokane, WA 99201

Two ground-floor retail suites complement the residential units, with shared laundry and a tenant gathering area.

Property Size20,634 SF
Days on Market200

Property Features for 224 S Howard St

General Information

Standard status Pending
Size 20,634 SF
Property subtype Residential Income

Site & Location

Neighborhood Riverside
Public Transit Yes

Additional Details

Multifamily Units 40
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $12,417

Amenities

shared laundry facilities
communal gathering area
enhanced building security
Listing Agency: SVN Cornerstone Commercial
Listed By: Jordan Lester · License ##21008495
Source: Exprealty
Added: Apr 14 Changed: Oct 28 Last Checked: Oct 28 at 4:13PM

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

Rey
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Investment Insights

Based on property information with market context.

The Howard Building combines 40 apartment units with two ground-floor retail suites. One retail suite is occupied by The Blessed Express Barbershop; the other is vacant. Shared laundry facilities and a communal gathering area serve residents. Recent work includes interior paint, flooring, bathroom updates, new light fixtures, and partial furnishings. The building also has a basement that may support additional use.

At 224 S Howard St in Downtown Spokane, the property offers walkable access to restaurants, shopping, entertainment, and transit. Nearby third-party parking is available.

Key Highlights

  • 40 apartment units and 2 ground‑floor retail suites
  • One retail suite is occupied by The Blessed Express Barbershop; the other is vacant
  • Shared tenant laundry and communal gathering area

Property Analytics

Current Use

Salon Nouveau Hair Salon

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store Butcher Carpet & Flooring 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

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 - Two ground-floor retail suites complement the residential units, with shared laundry and a tenant gathering area.
Where is this apartment building located?
The property is located at 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: 40 apartment units and 2 ground‑floor retail suites; One retail suite is occupied by The Blessed Express Barbershop; the other is vacant; Shared tenant laundry and communal gathering area
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