Property profile

6603 Standard St Spokane, WA 99208

OFF-MARKET
Residential income homes
Property ID
US90-0043607
4,560 SF 1.3 ac lot Built 1971
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The Standard Street Oasis Apartments is a 20-unit multifamily apartment complex located in a gated community in North Spokane, spanning 1.3 acres with a total building area of 22,800 square feet. The unit mix consists of ten 3-bedroom, 1-bath units and ten 2-bedroom, 1-bath units. The property provides 20 covered parking spaces in carports and features a landscaped courtyard. It is accessed through an electric security gate that was installed as a new feature, and the buildings include roof replacements completed in 2016. Electrical infrastructure includes Cutler-Hammer electrical panels with aluminum wiring; although the wiring is original, outlets and light switches have been updated. Fifteen units have been remodeled with updated interior finishes and components, including flooring, windows, cabinets, counters, appliances, paint, water heaters, lighting, and doors; five units include in-unit washer/dryers, and a common laundry area is also available. The property layout supports rental flexibility, including the ability to rent an owner’s unit and the option to convert a former recreation room into an additional apartment, for up to 22 rentable units. The property is suitable for residential income and multifamily use.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1971
Total area 4,560 SF
Lot 1.3 ac (56,542 SF)
APN 36293.0087
UPID US90-0043607

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Plumbing Service General Contractor

Location

6603 Standard St Spokane, WA 99208-5228
Spokane metro Census 11103 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$805k
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.03M

Owner & transaction history

since 2019
5 recorded transactions
2019
$1.7M
2015
$461,875
2006
$548,750
2005
$840,000
2004
$650,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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