Listings/Lee Apartments

Lee Apartments

Sale Price: $1,400,000

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Download the Lee Apartments Case Study at the link below:

Sale Summary

Our buyer faced the challenge of finding a suitable apartment building in the Eastern region with limited inventory, particularly for a 15+ unit property. To overcome this, our team focused on the city of Spokane, tracking and investigating deals under contract. We discovered a property that had fallen out of contract and engaged with the listing broker to understand the issues and determine an enticing offer for the owner. Our buyer presented aggressive pricing and a swift closing within 21 days, surpassing the appeal of the previous deal. The result was a seamless process, with our team submitting a Purchase and Sale Agreement for the Lee Apartments and successfully closing the deal in record time. The sale details include a sales price of $1.4 million, $93,000 per unit, and $130 per net square foot.

Property Details

2406 W 3rd Ave
City, State
Spokane, WA
year built

Sale Details

Sale date
February 12, 2021
sale price
Price per unit
price per SF


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Lee Apartments

2406 W 3rd Ave
Spokane, WA 99201
Units: 15
Price: $1,400,000

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