2823 W Sharp Ave Spokane, WA 99201
MULTI_FAMILY - Craftsman - Spokane, WA
- Added:
- Jul 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 11 at 4:06 am
Property Features for 2823 W Sharp Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Basement, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 2, Bedroom 4
- Parking features
- Alley, Offsite
- Patio and Porch features
- Deck
- Interior features
- Hot Water
- Fireplace
- 1
- Basement
- Unfinished, Partial
- Appliances
- Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
- Standard status
- Active
- APN
- 25132.2329
- Size
- 2,174 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3489
Utilities
- Heating system
- Hot Water(Heating), Forced Air
Building Details
- Year built
- 1902
- Number of units
- 1
- Building materials
- Vinyl Siding
- Roof type
- Composition
- Architectural style
- Craftsman
Listing agent Cody Fenske License #SP54854 (360) 339-5093
Listing office eXp Realty, LLC 601 W 1st Ave Ste 1400, Seattle, WA (888) 317-5197
Listing date Jul 9, 2026
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.
Investment Insights
Based on property information with market context.
The property is located at 2823 W Sharp Ave in Spokane, WA 99201. It sits on a lot size of 0.1136 acres and has an indicated total building size of 2,174 square feet. The listing is offered for purchase as an individual investment.
For buyers looking for an established room-rental setup, the current configuration and operating model may offer an efficient path to continue the existing strategy with minimal operational changes. The flexible month-to-month lease structure is also positioned to allow for easier tenant turnover decisions, whether the buyer intends to continue the room-by-room approach or transition to a simpler, more traditional strategy such as a single-family rental or a mid-term rental arrangement. The seller notes the property may also be available as part of a larger rental portfolio.
Key Highlights
- 6‑bedroom, 2‑bathroom single‑family investment property currently rented by the room
- Flexible month‑to‑month leases for all tenants
- Hot water heating and forced‑air heating
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.0k | $19.32 |
| − Vacancy | −$2.7k | −$1.24 |
| EGI | $39.3k | $18.08 |
| − OpEx | −$17.7k | −$8.14 |
| NOI | $21.6k | $9.95 |
