1515-1519 W Sharp Ave, Spokane, WA 99201
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1515-1519 W Sharp Ave, Spokane, WA 99201
1515-1519 W Sharp Ave, Spokane, WA 99201
1515-1519 W Sharp Ave, Spokane, WA 99201
1515-1519 W Sharp Ave, Spokane, WA 99201
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Nick Grishko

Nick Grishko

+1(509) 203-4550
Listed by Jordan Lester • SVN Cornerstone
$ 1,795,000
Est. payment /mo
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Active

1515-1519 W Sharp Ave Spokane, WA 99201

0.39 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202623781

Year Built 1977

Lot Size 0.390 Acres

Lot Dimensions 0.39

Property Sub-Type Residential Income

Property Description

SVN Cornerstone is pleased to present Sharp Apartments, a 16-unit multifamily investment opportunity in Spokane, Washington. Originally constructed in 1977, the property offers a well-maintained apartment community with stable in-place cash flow and attractive value-add potential. The unit mix consists of twelve 1-bed, 1-bath units averaging 576 square feet and four 2-bed, 1-bath units averaging 720 square feet. 12 of the 16 units have already been renovated, with the remaining four offered in classic condition. All units feature in-wall air conditioning, baseboard heat, dishwashers and ample closet space, and the property offers onsite laundry and covered parking at the rear. Offered at $1,900,000 ($118,750 per unit / $194 per NRSF), Sharp Apartments generates a 5.77% in-place capitalization rate at 100% occupancy, demonstrating strong tenant demand and operational stability.

Location

State WA

County Spokane

Rooms

Basement None

Interior

Heating Baseboard

Cooling Wall Unit(s)

Appliance Dishwasher

Exterior

Parking Features Carport

Carport Spaces 4

Amenities Available Laundry

View Y/N true

Roof Type Composition

Building

Lot Description Fencing, Treed, Level

Story 3

Structure Type Wood Siding

Schools

Elementary Schools Homes

Middle Schools Yasuhara

High Schools North Central

School District Spokane Dist 81

Others

Acceptable Financing Cash, Commercial

Listing Terms Cash, Commercial

Nearby Schools & Properties

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1515-1519 W Sharp Ave

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Jared Urbick
Jared Urbick

Real Estate Broker License ID: 24022549

+1(509) 262-4178 | jared@kindhomegroup.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Kind Home Group at Kelly Right Real Estate, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

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