Skip to main content

Multifamily

Sharp Avenue Apartments

1515 W Sharp Ave, Spokane, WA 99201

Listing Price: $2,300,000

Cap Rate
5.71%
Number of Units
16
Occupancy
95.0%
Price/Unit
$143,750
Price/Gross SF
$210.16
Gross SF
10,944

Investment Overview

Sharp Avenue Apartments is a sixteen-unit, three-story apartment complex located at 1515 & 1519 W Sharp Ave, Spokane, Washington 99201. Sharp Avenue Apartments was originally constructed in 1977, totals 9,792 rentable square feet, and features twelve (12) one-bed/one-bath and four (4) two-bed/one-bath floorplans. Sharp Avenue Apartments offers on-site laundry, on-site covered parking, and a secured building. Select units have been updated with new flooring, A/C, kitchen appliances, countertops, refinished cabinets, and bathroom vanity and fixtures. Located in the foothills of the Rockies and just 25 miles from the Coeur d’Alene Mountains, Spokane provides residents a high quality of life and convenient access to outdoor recreation. These amenities are a relative bargain to tenants. As the large West Coast cities continue to experience migration to the inland Pacific Northwest in search of affordability, Spokane, Washington has become a popular destination to relocate. Sharp Avenue Apartments is conveniently located less than 10 minutes from Downtown Spokane or 20 minutes from Spokane International Airport.

Investment Highlights

  • Select units have been updated with new flooring, A/C, kitchen appliances, countertops, refinished cabinets, and bathroom vanity & fixtures
  • Less than 10 minutes from Downtown Spokane or 20 minutes from Spokane International Airport
  • Desirable 1970s vintage with recent interior renovations

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Financing By

Multifamily

Sharp Avenue Apartments

Listing Price: $2,300,000

Cap Rate
5.71%
Number of Units
16
Occupancy
95.0%
Price/Unit
$143,750
Price/Gross SF
$210.16
Gross SF
10,944

Investment Highlights

  • Select units have been updated with new flooring, A/C, kitchen appliances, countertops, refinished cabinets, and bathroom vanity & fixtures
  • Less than 10 minutes from Downtown Spokane or 20 minutes from Spokane International Airport
  • Desirable 1970s vintage with recent interior renovations

Investment Overview

Sharp Avenue Apartments is a sixteen-unit, three-story apartment complex located at 1515 & 1519 W Sharp Ave, Spokane, Washington 99201. Sharp Avenue Apartments was originally constructed in 1977, totals 9,792 rentable square feet, and features twelve (12) one-bed/one-bath and four (4) two-bed/one-bath floorplans. Sharp Avenue Apartments offers on-site laundry, on-site covered parking, and a secured building. Select units have been updated with new flooring, A/C, kitchen appliances, countertops, refinished cabinets, and bathroom vanity and fixtures. Located in the foothills of the Rockies and just 25 miles from the Coeur d’Alene Mountains, Spokane provides residents a high quality of life and convenient access to outdoor recreation. These amenities are a relative bargain to tenants. As the large West Coast cities continue to experience migration to the inland Pacific Northwest in search of affordability, Spokane, Washington has become a popular destination to relocate. Sharp Avenue Apartments is conveniently located less than 10 minutes from Downtown Spokane or 20 minutes from Spokane International Airport.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

MM Texture Background
MM Textured Background Lower