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    2314 2Nd Ave Spokane, WA 99201

    For Sale
    $595,000

    Historic Browne's Addition, 3-unit building, high potential.

    Property size:
    1,728 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a charming 1,728 square foot, three-unit apartment building nestled in the heart of Spokane's desirable Browne's Addition neighborhood. Built in 1897, this single-story building sits on a sizable 0.26-acre lot, presenting significant potential for expansion. The property's current configuration offers three units, providing immediate rental income. However, the substantial vacant lot offers a unique opportunity for significant development. Conceptual plans indicate the potential to add up to twelve more units, substantially increasing the property's value and rental income. This is a rare chance to acquire a well-located property with considerable upside potential in a thriving Spokane neighborhood. The property's parcel number is 25242.0306. The existing structure is classified as Class C. This property is being offered at $595,000. Don't miss this chance to capitalize on the growing Spokane real estate market.

    Property Features for 2314 2Nd Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,728 SF
    Class
    C
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1897
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • $595,000 asking price for a three‑unit apartment building.
    • 1,728 square foot triplex located in Spokane, WA's Browne's Addition neighborhood.
    • 0.26‑acre lot with potential for significant expansion (up to 12 additional units).
    • Built in 1897, this Class C property features one building and one story.
    • APN: 25242.0306.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4468105
    Latitude
    47.6548069

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    FAQs

    What type of property is this?
    Multifamily property - Historic Browne's Addition, 3-unit building, high potential.
    Where is this multifamily property located?
    The property is located at 2314 2Nd Ave Spokane, WA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: $595,000 asking price for a three-unit apartment building.; 1,728 square foot triplex located in Spokane, WA's Browne's Addition neighborhood.; 0.26-acre lot with potential for significant expansion (up to 12 additional units).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2314 2Nd Ave Spokane, WA 99201
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