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Multi-Family Apartment Building
For Sale
Contact for pricing
Pending

2702 E 55th Ave, Spokane, WA 99223

1995-built 38-unit apartment property with 2- and 3-bedroom layouts, two baths, and in-unit washer/dryer.

Property SizeContact for details
Days on Market146

Property Features for 2702 E 55th Ave

General Information

Standard status Pending
Total Parking Spaces 38
Property subtype Multifamily

Additional Details

Multifamily Units 38

Building Details

Year Built 1995
Listing Agency: Kestell Company Realtors
Listed By: kevin warner · License #16908
Source: Crexi
Added: Apr 12 Changed: Sep 3 Last Checked: Sep 1 at 8:05PM

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 Kestell Company Realtors

Investment Insights

Based on property information with market context.

This 1995-built apartment property offers 38 residential units in a multi-building configuration. Unit mix includes 2- and 3-bedroom layouts, and each unit includes two bathrooms and a one-car garage. All units also have full-size washer and dryer. Updates include a new roof across all four buildings, with most units updated and three units described as brand new from the studs out.

The property is located in a South Hill area. The listing notes the project has been previously approved for a condo conversion.

An adjacent 0.87-acre parcel is also available, providing an additional option for expansion or site planning depending on buyer goals.

Key Highlights

  • 1995‑built 38‑unit apartment building in the South Hill area
  • All units feature 2 or 3 bedrooms and 2 full bathrooms
  • Each unit has a 1‑car garage plus a full‑size in‑unit washer and dryer

Property Analytics

Current Use

Regal Heights Apartments Apartment Complex ARK HOME RENOVATIONS ... Hardware & Home Improvement

Suggested Use

Top Pick Law Firm Building Supply Hair Salon Parking Lot & Garage Electrical Service Kitchen & Bath Showroom

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

38
Residential units

Location Intelligence

Trade Area within ½ mile

464
Businesses Nearby

Demographics for 99223, WA

34,201
Population
15,252
Households
2.2
Avg Household Size
41
Median Age
51%
College-Educated
96%
High-School Grad
32.1 sq mi
ZIP Area
1,065
Density / Sq Mi
$91,377
Median Household Income
$53,132
Median Earnings
$1,221
Median Rent
$457,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 1995-built 38-unit apartment property with 2- and 3-bedroom layouts, two baths, and in-unit washer/dryer.
Where is this apartment building located?
The property is located at 2702 E 55th Ave Spokane, WA.
What are key features of this property?
This property features: 1995‑built 38‑unit apartment building in the South Hill area; All units feature 2 or 3 bedrooms and 2 full bathrooms; Each unit has a 1‑car garage plus a full‑size in‑unit washer and dryer
More about this property
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