1515 W Sharp Ave Spokane, WA 99201 New
UPDATED: 10/16/2026 08:55 PM ON SITE: New on site today
$1,795,000
10,944 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,944 sqft
Price per Sqft $164
Subdivision Spokane
MLS Listing ID 26-10283
Style Multi Level
HOA Y/N No
Year Built 1977
Annual Tax Amount $15,287
Tax Year 2025
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Multi Family
Source Coeur d'Alene Multiple Listing Service
Property Description
SVN Cornerstone is pleased to present Sharp Apartments, a 16-unit multifamily investment opportunity in Spokane, WA. Built in 1977, the property features twelve 1-bed/1-bath units (~576 SF) and four 2-bed/1-bath units (~720 SF). 12 units have been renovated, leaving four classic units that offer an immediate ~17% upside in rents upon renovation. All units include in-wall A/C, baseboard heat, dishwashers, and ample closet space. Amenities include onsite laundry and covered rear parking.
Offered at $1,900,000 ($118,750/unit | $194/NRSF), the asset delivers a 5.77% in-place cap rate at 100% occupancy. Located in Spokane's West Central neighborhood, the property offers quick access to I-90 and US-2/Division St, and is minutes from Downtown Spokane, the Spokane County Courthouse campus, Spokane Arena, and Riverfront Park--driving strong long-term tenant demand and stabilit