1927 W Riverside Avenue Spokane, WA $ 1,200,000
1927 W Riverside Avenue
$ 1,200,000
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1927 W Riverside Avenue

Spokane, WA, 99201
$ 1,200,000
Bedrooms11 Baths10.0 Sq 6,164

Monthly Estimate*

$ 8,288

Listed by Peter Clark, The Paragon Group, 509-943-0400, peter@multifamilymason.com
1927 W Riverside Avenue, Spokane, WA 99201 - Image 1
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Multi-Family Home for sale in Spokane, WA

for $1,200,000 with 11 bedrooms and 10 full baths. This 6,164 square foot home was built in 1900 on a lot size of 0.1228.

Riverside10 offers the opportunity to acquire a distinctive 10-unit multifamily property in Spokane’s historic Browne’s Addition neighborhood. Built in 1900, the property combines enduring architectural character with thoughtful updates and an established tenant base, creating an attractive alternative to conventional apartment product. The investment also offers multiple avenues for operational upside. Improved revenue management and active ownership provide an opportunity to enhance cash flow, while one unit’s established short-term rental use and private exterior entrance create additional flexibility beyond traditional apartment operations. Combined with a highly walkable location immediately west of Downtown Spokane, Riverside10 offers a differentiated investment with both existing appeal and future upside.

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

11

Full Bath

10

Property Type

Multi-Family

Taxes

$ 8,757

Style

10+ Units

Lot Size

0.1228

Year Built

1900

Town/City

Spokane

County/Region

Spokane

MLS | Web ID

2585554

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Furnace
Cooling Window Unit(s)
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1900
View City
Property Subtype Multi Family
Tax Year 2026
County Spokane
Net Operating Income 67309
Insurance Expense 5840
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Spokane
Possible Use Multi-Family Residential
Special Listing Conditions None
Status Active
Directions From North Walnut Street head west on W Riverside Ave and the property is on the south side of W Riverside
High School Lewis & Clark High
City Spokane
Senior Community Y/N N
High School District Spokane
Zoning Description Multi-Family Residential
Number Of Units Total 10
MLS Area 561 - Spokane County
Lot Size Units Square Feet
Lot Size Square Feet 5350
Carport Spaces 0
Carport Y/N N
Listing Terms Conventional
Elementary School Roosevelt Elementary
Tax Annual Amount 8757
Electric Expense 4765
Fuel Expense 0
Middle/Junior High School Sacajawea Mid
Property Condition Average
Public Remarks Riverside10 offers the opportunity to acquire a distinctive 10-unit multifamily property in Spokanes historic Brownes Addition neighborhood. Built in 1900 the property combines enduring architectural
Leasable Area 6000
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Units Below Grade true
Units In Building Total 10
Water Sewer Garbage 10724
Property Style 56 - 10+ Units
Cap Rate 5.61
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Exterior
Exterior Amenities Stucco
Water Source Public
Total Parking 0
Foundation Details Block Poured Concrete
Building Area Total 6164
Lot Size Acres 0.1228
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 0
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Interior
Total Fireplaces 0
Total Stories 4
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2585554
Street Number 1 1927
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* Excluded Features
List By
Peter Clark

Listing Agent

The Paragon Group

Broker

peter@multifamilymason.com

Email

Affordability Calculator

$9,018
Per Month
92%
8%
0%
Monthly Principal & Interest
$8,288
Monthly Property Taxes
$730
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5568368 Elementary School
4515129 Middle School
Lewis & Clark High High School
Pricing History
DatePricePrice ChangeDescription
9/22/2026$1,200,000 Listed Price

Map


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1927 W Riverside Avenue, Spokane, WA, 99201 is a Multi-Family Home for sale at $1,200,000 with 6,164 sqft and a lot size of 0.1228. 1927 W Riverside Avenue has 11 bedrooms, 10.0 baths, and was built in 1900. The property's zip code is 99201 which is in Spokane, WA