Listings/South Hill 14

South Hill 14

Sale Price: $1,570,000

For more information about this property, please contact the listing broker.

Please visit our Listings page to view apartment buildings and development land currently on the market.

Property Details

1320 & 1324 W 5th Ave, Spokane, WA
Highland Halls
Year BUilt
Net Rentable SF
Average Unit Size
746 SF
Approx. 6 Spaces
Land Size
9,352 SF

Sale Details

Sale Date
November 17, 2023
Sale Price
Price per Unit


Take Advantage of one of Spokane’s top rental markets.

The South Hill’s close proximity to amenities coupled with excellent quality of life has led to strong rental rates and year-over-year rent growth. The buyer of The South Hill 14 Unit is perfectly positioned to take advantage of this renter demand.

Value-Add Opportunity

Update Unit Finishes

  • Stainless Steel Appliances
  • New Cabinet Faces & Modern Countertops
  • Modern Lighting and Fixtures
  • Updated Bathrooms

Improve Exterior & Common Spaces

  • Modernize Hallways
  • Update Laundry Room and Storage
  • Utilize Parking Lot with Striping
  • Update Signage and Branding

Prime Living for Healthcare Professionals

South Hill 14 is located within walking distance to Spokane’s top hospitals and medical centers, making this prime living for healthcare professionals.

Opportunity to raise rents 66% upon turnover

Located in the highly desired South Hill Neighborhood

Situated just down the street from multiple hospitals and medical centers

Well maintained, prime value-add opportunity

Both buildings feature a new roof installed
in 2022

Majority of tenants on either month-to-month or short term leases


Open Google Maps

South Hill 14

1324 W 5th Ave
Spokane, WA 99204
Units: 14
Price: $1,570,000

Conveniently Located

South Hill 14 is conveniently located near countless jobs, restaurants, schools, parks, and more. Whether it’s exploring the unique boutiques and restaurants in downtown Spokane, enjoying the natural beauty of the nearby parks and trails, or immersing in the city’s cultural attractions and events, living at South Hill 14 means being surrounded by an array of amenities that cater to various interests and preferences.

Spokane’s Growing Market

Spokane has witnessed a surge in its rental market, creating a favorable investment climate for apartment owners.

With a steadily increasing population drawn by abundant job prospects and a vibrant cultural scene. Spokane has become a hotbed for workforce growth. This surge in population has sparked a rising demand for rental properties, resulting in a flourishing rental market. Apartment owners and investors have been quick to seize this opportunity, benefiting from high occupancy rates and the potential for rental income growth. The city’s diverse economy and the presence of major employers further contribute to a stable job market, ensuring a consistent pool of renters. Spokane’s growing rental market presents an enticing investment climate for those seeking to enter or expand their presence in the rental property market, making it a prime destination for both workforce opportunities and lucrative investments.


Largest city in Eastern Washington


Largest city in Washington State


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