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Alice Apartments
On the Market
Pricing: $725,000
Tour Dates: Contact Broker
Offers Date: To be Announced
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Site Details
Opportunity
The Alice Apartments is a 5-unit apartment building located in Spokane, WA. Built in 1961, the property features large units with back patios and yard space, offering a unique living experience in a family-friendly neighborhood. The building includes blueprints to add a 6th unit, providing a potential value-add opportunity for investors.
Location
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Alice Apartments
805 W Alice Ave
Spokane, WA
Units: 5 (Blueprints for 6th unit)
Price: $725,000
About the Area
The Spokane area, one of Washington’s fastest-growing and most dynamic rental markets. Spokane serves as the economic, medical, and cultural hub of Eastern Washington, driven by a diverse employment base that includes major healthcare systems, universities, and Fairchild Air Force Base. Residents of the properties enjoy immediate access to major transportation routes, top-rated schools, parks, shopping, and dining options.
With a steadily expanding population, high occupancy rates, and a landlord-friendly environment, Spokane provides an exceptional setting for multifamily investment — supporting both stable cash flow today and strong rent growth potential over the long term.
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