$725,000
Est. $3,929/moPrice reduced $124,000 from the original $849,000 asking price
7,249 sq ft
1414 W Tenth Avenue, Spokane, WA 99204
• Listed Jul 29, 2026•103 days active · 103 cumulative
Listing Broker: The Paragon Group; Peter Clark; 509-471-6805; peter@multifamilymason.com
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Listing Broker: The Paragon Group; Peter Clark; 509-471-6805; peter@multifamilymason.com
About this home
Offered at $725,000, or $103,571/unit, 10th Avenue Apartments presents a compelling cash-flow opportunity in Spokane’s historic Cliff/Cannon neighborhood. Individually metered, the property is currently 100% occupied, with total monthly revenue at $7,797. At the current asking price, the property offers a path to a 9.52% pro forma cap rate, while remaining well positioned for straightforward continued operation. Significant capital improvements have been completed, reducing near-term capital needs for new ownership, including a new roof in 2022, exterior paint, a new hot water heater, interior paint in the common areas, parking area updates, and a new electronic garage door opener. Residents also benefit from onsite laundry, garage storage, and off-street parking. Four of the seven units have been renovated, combining updated interiors with the character of the original construction. The residences feature a mix of high ceilings, original wood floors and LVP, skylights, fireplaces, and covered porches, distinguishing the property from more typical apartment offerings. Located on the lower South Hill, the property is minutes from downtown Spokane, the Medical District, neighborhood parks, Huckleberry’s Natural Market, and other South Hill amenities. Its established location provides convenient access to major employers, shopping, recreation, and transit, supporting continued renter demand.
Listed by Peter Clark • The Paragon Group
Listing updated: November 4, 2026 at 01:46pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2562023
Open houses
No upcoming open houses scheduled for this property.
Around this home
How much should you offer?
1414 W Tenth Avenue, Spokane, WA 99204
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
- 5-9 Units
Heating & cooling
- Radiator heating
- None cooling
Schools
Ratings via SchoolDiggerSpokane School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · Grades High—
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 7
- Units in building
- 7
- Units below grade
- true
- Building square feet
- 7,249 sq ft
Income & expenses
- Gross scheduled income
- $97,200
- Total monthly income
- $7,797
- Gross adjusted income
- $80,028
- Net operating income
- $64,007
- Cap rate
- 8.82%
- Gross rent multiplier
- 7.46
- Vacancy rate
- 17,172%
- Total expenses
- $16,021
- Insurance
- $3,588
- Other expenses
- $5,740
- Water / sewer / garbage paid by
- 1700
Parking & storage
- Parking spaces
- 3
- Uncovered parking
- 3
Taxes & assessment
- Annual taxes
- $4,993
- Tax year
- 2026
- Financing
- Conventional
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.
Down payment assistance
6 programs may be available to provide you with up to $36,250 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$4,526 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: The Paragon Group; Peter Clark; 509-471-6805; peter@multifamilymason.com
Market pulse
Spokane is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: Sale-vs-list ratio data not available for this area.
Time on market: The average home goes pending in around 103 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 11:35 AM 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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