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Listing provided courtesy of SVN CornerstoneMLS# SAR202611432MLS Provider
  • 151 days on site
  • 7 views

We are pleased to present the Howard Building for sale at 224 S Howard St in Downtown Spokane. This property offers 40 apartment units, 2 retail suites (one occupied by The Blessed Express Barbershop, one vacant) Significant Capital Improvements – Extensive upgrades include fresh paint, new flooring, updated bathrooms, modern light fixtures, and partial furnishings. Diverse Income Stream – 40 apartments and 2 ground-floor retail suites provide balanced residential and commercial revenue. Resident Amenities – Tenants enjoy shared laundry, communal space, and enhanced security in a walkable downtown location near dining, shopping, entertainment, third-party parking, and transit. Value-Add Potential – Lease the vacant retail suite, activate the basement, and optimize operations for increased NOI. Attractive Assumable Loan – Seller financing via an assumable note at 4.65% interest-only, maturing January 2028, with 24-month extension option.

Source: Spokane MLS, MLS#: SAR202611432

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  • Property Type
    Residential Income
  • Lot
    0.10 acres

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BethAnn Long

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  • Median Age
    40
  • Population Density
    4,159
  • College Educated
    37%
  • Estimated Median Income
    $27,398
  • Estimated Total Home Owners
    2,081
  • Estimated Total Renters
    5,279
  • Owner / Renter Divide
    28% / 72%
  • Estimated Average Household Size
    2
  • Total Population
    13,256
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 224 S Howard St

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/29/2026Source: Spokane MLS Status Change
Pending
4/29/2026Source: Spokane MLS Status Change
Pending
4/24/2026Source: Spokane MLS Status Change
BOM
4/23/2026Source: Spokane MLS Status Change
BOM
4/23/2026Source: Spokane MLS Price Reduction
$1,800,000 -2.7%
4/23/2026Source: Spokane MLS Price Reduction
$1,800,000 -2.7%
2/26/2026Source: Spokane MLS Status Change
Pending
2/26/2026Source: Spokane MLS Status Change
Pending
2/10/2026Source: Spokane MLS Status Change
Active
2/4/2026Source: Spokane MLS Status Change
Active
2/4/2026Source: Spokane MLS Price Reduction
$1,850,000 -2.6%
2/4/2026Source: Spokane MLS Price Reduction
$1,850,000 -2.6%
2/4/2026Source: Spokane MLS Status Change
Chg price
2/2/2026Source: Spokane MLS Status Change
Active
1/29/2026Source: Spokane MLS Added to Database
January 29, 2026
1/27/2026Source: Spokane MLS Added to Database
January 27, 2026
7/28/2025Source: Spokane MLS Added to Database
September 30, 2024
7/28/2025Source: Spokane MLS Status Change
Active
7/28/2025Source: Spokane MLS Status Change
Pending-Inspection
7/28/2025Source: Spokane MLS Status Change
Pending
7/28/2025Source: Spokane MLS Status Change
Sold