Brick Multifamily
927 S Adams St Spokane, WA 99204
New
927 S Adams St, Spokane, WA, 99204
$600,000
Pending
For Sale
$600,000
Pending
Multifamily building with five one-bedroom units, one two-bedroom unit, and on-site laundry facilities.
Property Size4,798 SF
Days on Market5
Property Features for 927 S Adams St
General Information
- Standard status
- Pending
- Size
- 4,798 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1909
Listing agency
LT Real Estate
(509) 315-8720
Listed by
Ryan Towner · License #24027253
Source
Clearwaterproperties
Added: Jul 17 Updated: Jul 20 at 4:34PM Checked: Jul 21 at 4:28AM
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
Investment Insights
Based on property information with market context.
This brick multifamily building includes five one-bedroom units and one two-bedroom unit. The interior features natural oak floors, original woodwork, and large windows designed to bring natural light into each unit. On-site laundry facilities are available for tenant convenience.
The property is presented as a well-maintained investment opportunity with classic late 19th-century architectural details and timeless exterior character.
The unit mix supports a residential income configuration across the six total apartments, with consistent historic features throughout the building.
The property is presented as a well-maintained investment opportunity with classic late 19th-century architectural details and timeless exterior character.
The unit mix supports a residential income configuration across the six total apartments, with consistent historic features throughout the building.
Key Highlights
- Multifamily building with 5 one‑bedroom units and 1 two‑bedroom unit
- On‑site laundry facilities for tenant convenience
- Classic brick exterior
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 | $92.7k | $19.32 |
| − Vacancy | −$5.9k | −$1.24 |
| EGI | $86.8k | $18.08 |
| − OpEx | −$39.0k | −$8.14 |
| NOI | $47.7k | $9.95 |
4,798 SF · lease $19.32/SF/yr · vacancy 6.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$681.7K
$596.5K – $795.4K
NOI $47,721 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,652 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Multifamily building with five one-bedroom units, one two-bedroom unit, and on-site laundry facilities.
Where is this apartment building located?
The property is located at 927 S Adams St Spokane, WA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Multifamily building with 5 one‑bedroom units and 1 two‑bedroom unit; On‑site laundry facilities for tenant convenience; Classic brick exterior
