Property Description

We are pleased to present the Howard Building for sale at 224 S Howard St in Downtown Spokane. This property offers 40 apartment units, 2 retail suites (one occupied by The Blessed Express Barbershop, one vacant) Significant Capital Improvements ? Extensive upgrades include fresh paint, new flooring, updated bathrooms, modern light fixtures, and partial furnishings. Diverse Income Stream ? 40 apartments and 2 ground-floor retail suites provide balanced residential and commercial revenue. Resident Amenities ? Tenants enjoy shared laundry, communal space, and enhanced security in a walkable downtown location near dining, shopping, entertainment, third-party parking, and transit. Value-Add Potential ? Lease the vacant retail suite, activate the basement, and optimize operations for increased NOI. Attractive Assumable Loan ? Seller financing via an assumable note at 4.65% interest-only, maturing January 2028, with 24-month extension option.

Property Features

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