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Multifamily

Riverton East

2024 E South Riverton Ave, Spokane, WA 99207

Listing Price: Request For Offer

Number of Units
51
Occupancy
95.0%
Gross SF
36,540

Investment Overview

51-unit value-add apartment community located in the Chief Gary Park neighborhood of Spokane, Washington, just 10 minutes from downtown Spokane. On the market for the first time since 2009, Riverton East is ideally situated to capitalize on the historic rent growth being experienced in Spokane with proven comparables in the immediate area.

Investment Highlights

  • Value-Add Waterfront Opportunity in the booming Spokane market
  • Positioned directly between Gonzaga University and Spokane Community College (one mile to each, less than 5-minute drive)
  • Nearby properties achieving nearly double current in-place rents at Riverton East for comparable product
  • Median rents have increased 29.8% in Spokane over the past 12 months
  • Easy access to downtown Spokane and I-90
  • Located directly across the street from the Spokane River with select units boasting water views

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
51
Occupancy
95.0%
Gross SF
36,540

Investment Highlights

  • Value-Add Waterfront Opportunity in the booming Spokane market
  • Positioned directly between Gonzaga University and Spokane Community College (one mile to each, less than 5-minute drive)
  • Nearby properties achieving nearly double current in-place rents at Riverton East for comparable product
  • Median rents have increased 29.8% in Spokane over the past 12 months
  • Easy access to downtown Spokane and I-90
  • Located directly across the street from the Spokane River with select units boasting water views

Investment Overview

51-unit value-add apartment community located in the Chief Gary Park neighborhood of Spokane, Washington, just 10 minutes from downtown Spokane. On the market for the first time since 2009, Riverton East is ideally situated to capitalize on the historic rent growth being experienced in Spokane with proven comparables in the immediate area.

Exclusively Listed By

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