1515 W Sharp Ave
Spokane, WA 99201
For more information on this listing, contact us at: (208) 669-2018
Active
$1,795,000
1515 W Sharp Ave Spokane, WA 99201
Multi-Family
Property Type
10,944
Sq. Ft.
1977
Year Built
Spokane
County
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
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
MLS #
26-10283
Monthly HOA
N/A
On Site
6 Days
Last Updated
10/16/2026
Location
Contact Agent
Wyatt Johnson
(208) 669-2018Property Details
Community Information
Architecture
Year Built
1977
Style
Multi Level
Construction Materials
Steel Siding, Concrete
Roof
Aluminum
Foundation
Wood
Garage Spaces
2 Car
Features / Amenities
Heating
Electric, Furnace
Property Features
Lot Size
0.38 Acres
Lot Features
Level
Lot Type
Duplex/Multi
Sewer
Public Sewer
Water
Public
Road Surface
Paved
Zoning
LI
Directions
From I-90, take exit 280 for Maple St, cross the bridge north, and turn right on W Sharp Ave. 1515-1519 W Sharp is on the right between Ash & Walnut, minutes from Downtown Spokane & Kendall Yards.
Tax and Financial Info
Tax Year
2025
Tax Annual Amount
$15,287
Legal Description
CHAMBERLIN ADD E30FT LT 4 & W40FT LT 5 BLK 10
CHAMBERLIN ADD ALL LT 3 & W20FT LT 4 BLK 10
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Listing Information Last Updated 10/16/2026
Listing provided courtesy of Svn Cornerstone Commercial.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
