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Financial
Distress signals
Property profile

1019 Monroe St Spokane, WA 99204

FOR SALE
Other apartment buildings
Property ID
US90-1544639
1,674 SF 0.19 ac lot Built 1940
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 1019 S Monroe St in Spokane’s South Hill area is a multi-family apartment building totaling 5,022 square feet and configured with six residential units: five one-bedroom, one-bath apartments and one studio. The building provides five covered off-street parking spaces and includes coin-operated laundry facilities. It is located directly across from Huckleberry's Natural Market, with proximity to Downtown Spokane and nearby healthcare and employment centers such as Sacred Heart…

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$535k
Assessed land$129k
Assessed improvement$406k
Effective rate0.98%

Value estimate

· Oct 2026
$290k
$261k – $319k
AI approach$290k
NOI build-up
Gross scheduled income$97k
Vacancy & credit loss−$6k
Operating expenses−$41k
NOI · 8.69% cap applied$50k

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?
8.69%
$50k estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
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
Locksmith9.1
Watch Repair Shop8.8

Location

1019 Monroe St Spokane, WA 99204
County assessor Recorded deeds · not on file 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
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
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
927 Adams, Spokane, WA 99204-3980 $500,000 May 2020 2,056 SF
1320 8th, Spokane, WA 99204-3237 $560,000 Mar 2020 1,440 SF
1219 Monroe, Spokane, WA 99204-3857 $599,000 Feb 2020 1,344 SF
1518 9th, Spokane, WA 99204-3450 $296,005 Aug 2019 1,530 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.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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