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Listings/West Spofford Apartments

West Spofford Apartments

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On the Market

Price: $1,100,000

Offers Date: Reviewed Upon Receipt. Offer Review Date TBA

Tour Date: Wednesday 2/26: 10AM-2PM

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Site Details

Address
903 W Spofford Ave
City, State
Spokane, WA
Neighborhood
Emerson Garfield
Units
10
Year Built
1951
Parking
6 Garage Stalls & Ample Street Parking
Laundry
Shared
Parcels
1 (35073.3805)

Unit Mix

Studio + Den
6 Units
1x1
3 Units
3x2
1 Unit

Opportunity

The West Spofford Apartments, located at 903 W Spofford Ave in Spokane, WA, offer a prime value-add investment opportunity with significant upside potential. This well-maintained 10-unit building, constructed in 1951, features spacious studio, one-bedroom, and three-bedroom units with dens, making it highly desirable in Spokane’s thriving rental market. The property has received key upgrades, including a new roof, boiler, electrical panels, and updated flooring, reducing immediate capital expenditure needs.

Strong Value-Add Potential

Immediate rent growth potential of 18% with current unit interiors or 38% with targeted renovations and enhancements.

Strategic Location

Centrally located near major employers, schools, public transit, and Spokane’s downtown, offering tenants easy access to amenities and entertainment.

Development Potential

Detached garage offers future development flexibility

Location

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on the market

West Spofford Apartments

903 W Spofford Ave,
Spokane, WA 99205
Units: 10
Price: $1,100,000

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Call/Text: 509.494.3116