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Contemporary 18-Unit Apartment Building
For Sale
$4,497,700

505 E Hawthorne Rd, Spokane, WA 99218

Residential Income, Spokane, WA

Property SizeContact for details
Lot Size0.70 Acres
Days on Market98

Property Features for 505 E Hawthorne Rd

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Bedrooms 6
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 3, Laundry Room, Utility Room, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 5
Parking 29
Parking features Carport
Window features Vinyl Frames
Patio and Porch features Patio
Interior features High Speed Internet
Appliances Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer, Dryer, Hard Surface Counters
Lot features Sprinkler - Automatic, Level, City Bus (w/in 6 blks), Surveyed
Elementary school Evergreen
Middle school Highland
High school Mead
Elementary school district Mead
Standard status Active
APN 36172.2402
Lot size 0.70 Acres

Taxes and HOA fees

Tax Annual Amount 31050

Utilities

Heating system Ductless (Heating), Electric (Heating)
Cooling system Wall Unit(s)

Building Details

Year built 2025
Floors in Building 3
Number of units 18
Building materials Fiber Cement
Roof type Composition
Architectural style Contemporary
Listing Agency: Keller Williams Realty Coeur d
Listed By: Seth Maefsky · License #25177
Added: Jun 17 Changed: Sep 13 Last Checked: Sep 22 at 3:06AM
MLS# 202619428

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.

Sienna Terrace is an 18-unit apartment community at 505 E Hawthorne Rd in Spokane, Washington. The contemporary property is under construction and was built in 2025, with a unit mix comprising six one-bedroom/one-bath homes, nine two-bedroom/two-bath homes, and three three-bedroom/two-bath homes. Residences feature open-concept layouts, contemporary finishes, large windows, hard-surface counters, and in-unit washers and dryers. Additional features include free-standing ranges, dishwashers, refrigerators, microwaves, ductless electric heating, wall-unit cooling, high-speed internet, patios, composition roofing, fiber-cement construction, and carport parking.

The 0.7-acre property is located in north Spokane, less than 1/2 mile from Whitworth University and 7 miles from downtown Spokane. Shopping, dining, recreation, and daily-service options are located within 1/2 mile, including Target, Best Buy, Dick's Sports, Olive Garden, Red Robin, and the YMCA.

Key Highlights

  • 18‑unit apartment community with six 1BR/1BA, nine 2BR/2BA, and three 3BR/2BA units
  • 0.7‑acre property at 505 E Hawthorne Rd, Spokane, WA 99218
  • Less than 1/2 mile from Whitworth University and 7 miles from downtown Spokane

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Law Firm Plumbing Service HVAC Service Grocery & Convenience Store (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

18
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,252
Businesses Nearby

Demographics for 99218, WA

15,591
Population
6,464
Households
2.4
Avg Household Size
38
Median Age
37%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
2,293
Density / Sq Mi
$73,723
Median Household Income
$40,854
Median Earnings
$1,147
Median Rent
$404,500
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Contemporary residences feature open layouts, natural light, patios, and carport parking.
Where is this apartment building located?
The property is located at 505 E Hawthorne Rd Spokane, WA.
What is the asking price?
The asking price for this property is $4,497,700.
What are key features of this property?
This property features: 18‑unit apartment community with six 1BR/1BA, nine 2BR/2BA, and three 3BR/2BA units; 0.7‑acre property at 505 E Hawthorne Rd, Spokane, WA 99218; Less than 1/2 mile from Whitworth University and 7 miles from downtown Spokane
More about this property
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