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Apartment Complex with 13 Units
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621 S Cannon St, Spokane, WA 99204

Seven-building apartment complex with 13 units, spanning the west end of the block.

Property SizeContact for details
Days on Market124

Property Features for 621 S Cannon St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 13
Listing Agency: RenCorp Realty
Listed By: Justin Folkins · License #WA 116167
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 10:10AM

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 RenCorp Realty

Investment Insights

Based on property information with market context.

Located at 621 S Cannon St in Spokane, WA, this apartment complex comprises 7 buildings and 13 total units. The property is described as a quaint little complex that encompasses the entire west end of the block.

The listing also notes value-add characteristics, with most rents reported to be below market. This configuration provides a straightforward foundation for investors seeking an income stream within a multi-building apartment setting.

Buyers considering this property should review unit-level rent details and building-by-building conditions to fully understand the scope behind the below-market rent note.

Key Highlights

  • Seven‑building apartment complex spanning the west end of the block
  • Total of 13 units across the property’s seven buildings
  • Value‑add opportunity with rents noted as mostly below market

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Daycare Center Storage Facility (Bike/Boat/Book/etc) Store Barber Shop Carpet & Flooring 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

13
Residential units

Location Intelligence

Trade Area within ½ mile

543
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Seven-building apartment complex with 13 units, spanning the west end of the block.
Where is this apartment building located?
The property is located at 621 S Cannon St Spokane, WA.
What are key features of this property?
This property features: Seven‑building apartment complex spanning the west end of the block; Total of 13 units across the property’s seven buildings; Value‑add opportunity with rents noted as mostly below market
(509) 991-8387 Call to check price and availability
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