$600,000 2,056 SF

927 Adams St, Spokane, WA 99204
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A brick multifamily building featuring late 19th-century architectural character, with six residential units total: five one-bedroom units and one two-bedroom unit. Interiors include natural oak flooring, original woodwork, and large windows intended to provide natural light within each unit. The building also includes on-site laundry facilities for tenant use. Historic details and characteristic exterior features are consistent throughout the property.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$5k

Tax billed · 2023

Assessed value · 2024$554k

Assessed land$106k

Assessed improvement$448k

Effective rate0.98%

Value estimate

· Oct 2026

$720k

$648k – $792k

AI approach$710k

Submarket $/SF estimate$684k

NOI build-up

Gross scheduled income$93k

Vacancy & credit loss−$6k

Operating expenses−$39k

NOI · 7.95% cap applied$48k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$552/SF

Submarket average, outlier-cleaned · 88 recorded sales of this use type

Observed band · Q1–Q3$228 – $1,045

Cap rate analysis

How does the asset earn?

7.95%

$48k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPOKANE

Location intelligence

Which uses thrive at this corner?

Best fit: Carpet & Flooring Store

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Carpet & Flooring Store9.2

Watch Repair Shop8.8

Laundromat8.3

927 Adams St Spokane, WA 99204

County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby

Address Sale price Sold Size

1218 10th, Spokane, WA 99204-3978 $962,500 Apr 2025 2,640 SF

1004 Lincoln, Spokane, WA 99204-3854 $335,000 Jun 2023 2,690 SF

212 7th, Spokane, WA 99204-2434 $1,085,000 Apr 2023 2,520 SF

617 Bernard, Spokane, WA 99204-2542 $377,500 Jan 2022 2,682 SF

1415 9th, Spokane, WA 99204-3336 $525,000 Nov 2020 1,680 SF

1723 8th, Spokane, WA 99204-3549 $603,600 Oct 2020 1,668 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

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Ask anything about this address in plain English.

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927 Adams St Spokane, WA 99204

Property summary