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

505 E Hawthorne Rd, Spokane, WA 99218

MULTI_FAMILY - Contemporary - Spokane, WA

Property SizeContact for details
Lot Size0.70 Acres
Days on Market51

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 4, Utility Room, Bathroom 2, Bathroom 5, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 6, Laundry Room, Bedroom 3, Bedroom 1
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 Electric (Heating), Ductless (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: Jul 31 Last Checked: Aug 6 at 3:06PM
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 a contemporary, under-construction 18-unit apartment complex on a 0.7-acre lot, with completion planned for 2025. The unit mix includes six 1BR/1BA apartments, nine 2BR/2BA apartments, and three 3BR/2BA apartments. Interiors are designed with open-concept floor plans, contemporary finishes, and large windows intended to bring in natural light.

The community is located in north Spokane, just a few short blocks from Whitworth University and less than 1/2 mile from the campus. Downtown Spokane is about 7 miles away. Shopping and dining options are described as within 1/2 mile, including Target, Best Buy, Dick's Sports, Olive Garden, Red Robin, and the YMCA.

Building materials include fiber cement and a composition roof. Heating is electric and ductless, with wall-unit cooling. Each residence is described as having high-speed internet, with in-unit appliances including a free-standing range, dishwasher, refrigerator, microwave, and washer/dryer. Parking is provided via carports, and units include a patio.

Key Highlights

  • 18‑unit apartment complex under construction on a 0.7‑acre lot
  • Unit mix: 6 one‑bedroom, 9 two‑bedroom, and 3 three‑bedroom apartments
  • Contemporary construction with fiber cement exterior and composition roof

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Law Firm HVAC Service Plumbing 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

994
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

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 - New 18-unit apartment complex under construction with one-, two-, and three-bedroom layouts near Whitworth University.
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 complex under construction on a 0.7‑acre lot; Unit mix: 6 one‑bedroom, 9 two‑bedroom, and 3 three‑bedroom apartments; Contemporary construction with fiber cement exterior and composition roof
More about this property
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