Mixed-Use Property in South
For Sale
$4,250,000
507 Howard, Spokane, WA 99204
Mixed-use property with retail and apartments in Spokane's South Hill.
Property Size42,500 SF
Price / SF$100
Days on Market340
Property Features for 507 Howard
General Information
Standard status
Active
Size
42,500 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Riverside
Amenities
Garage: Off Site, Alley Access
Garage Spaces: 0
Off Site, Alley Access
Building Details
Year Built
1912
Listing Agency:
LT Real Estate
Listed By:
Derek Raivio · License #21030903
(360) 518-9381
Source:
Clearwaterproperties
Added: Nov 24, 2025
Changed: Oct 28
Last Checked: Oct 28 at 4:34AM
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 LT Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property is located in Spokane’s South Hill neighborhood. The building includes 1,015 square feet of retail space, currently occupied by a coffee tenant with five years remaining on the lease. Above the retail space are twenty-nine apartments. The unit mix consists of eighteen one-bedroom and eleven two-bedroom apartments, all featuring spacious layouts and quality finishes. Located in an Opportunity Zone, the property offers potential tax benefits. The property has a total size of 42,500 square feet and offers income potential. There is potential for rent upside of 10%-20%. The property is positioned in a high-demand location near downtown, shopping, and dining.
Key Highlights
- High‑demand South Hill location in Spokane, close to downtown, shopping, and dining.
- Existing retail tenant (coffee shop) with five years remaining on the lease provides immediate income.
- Opportunity Zone location offers valuable tax benefits.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,075
Businesses Nearby
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Business Placement
Demographics for 99204, WA
7,000
Population
4,357
Households
1.6
Avg Household Size
34
Median Age
37%
College-Educated
93%
High-School Grad
1.0 sq mi
ZIP Area
7,000
Density / Sq Mi
$50,266
Median Household Income
$39,036
Median Earnings
$1,103
Median Rent
$355,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail and apartments in Spokane's South Hill.
Where is this mixed-use property located?
The property is located at 507 Howard Spokane, WA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: High‑demand South Hill location in Spokane, close to downtown, shopping, and dining.; Existing retail tenant (coffee shop) with five years remaining on the lease provides immediate income.; Opportunity Zone location offers valuable tax benefits.
