$2,100,000
Est. $11,381/mo7,263 sq ft
176 S Howard Street, Spokane, WA 99201
• Listed Jun 16, 2026•49 days active · 49 cumulative
Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
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Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
About this home
The Metropole is a fully renovated, historic mixed-use property in the heart of Downtown Spokane featuring 16 residential units and 4 ground-floor commercial suites. Renovated in 2007 with upgraded plumbing, electrical, heating, and major systems, the asset offers stable in-place income with immediate upside through rent growth and operational improvements. Ideally located near Spokane’s hospital district, downtown employers, Riverfront Park, WSU Spokane, and Gonzaga University, Metropole provides investors with a well-located, character-rich asset in one of Eastern Washington’s strongest rental markets.
Listed by Max Frame • Kidder Mathews
Listing updated: September 21, 2026 at 11:33pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2541142
Open houses
No upcoming open houses scheduled for this property.
Around this home
How much should you offer?
176 S Howard Street, Spokane, WA 99201
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 10+ Units
Flooring
- Vinyl
- Carpet
Heating & cooling
- Ductless heating
- None cooling
Schools
Ratings via SchoolDigger- Roosevelt ElementaryPublic · Grades PK-6 · 0.9 mi · State rank 385 of 1,1386/10
- Sacajawea Middle SchoolPublic · Grades 6-8 · 2.2 mi · State rank 58 of 5148/10
- Lewis & Clark High SchoolPublic · Grades 9-12 · 0.2 mi · State rank 66 of 3968/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 3
- Units in building
- 20
- Units below grade
- false
- Building square feet
- 7,263 sq ft
Income & expenses
- Gross scheduled income
- $176,825
- Total monthly income
- $19,880
- Gross adjusted income
- $227,660
- Net operating income
- $119,456
- Cap rate
- 5.7%
- Gross rent multiplier
- 17
- Vacancy rate
- 5%
- Total expenses
- $108,204
- Insurance
- $15,994
- Electric
- $5,839
- Fuel
- $5,839
- Other expenses
- $53,388
- Water / sewer / garbage paid by
- 5839
Taxes & assessment
- Annual taxes
- $21,305
- Tax year
- 2026
- Financing
- Cash
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Mortgage payment forecast
$13,681 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: Kidder Mathews; Max Frame; 360-705-2800; max.frame@kidder.com
Market pulse
Spokane is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 36 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Nov 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of November 9, 2026 at 12:01 PM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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HO
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