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$500,000
Est. payment /mo
0.33 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home, Vacant Land
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
Subdivision Spokane
MLS Listing ID 26-10811
HOA Y/N No
Annual Tax Amount $78,400
Tax Year 2025
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Commercial Land
Source Coeur d'Alene Multiple Listing Service
Property Description
SVN Cornerstone is pleased to present the Madison and Sharp 40 Unit Multifamily Land and Duplexes for sale, located at 1232 N Madison St and 1009 W Sharp Ave in Spokane's West Central neighborhood. The offering consists of two parcels. The first, 1009 W Sharp Ave, is a 0.33 acre parcel zoned R2 with completed building plans for a proposed 40 unit apartment development consisting of two 4 story buildings with 20 units each. The development includes 38 1bed/1bath units and 2 studios, along with a courtyard, picnic area, community garden, bicycle parking, and two common laundry rooms. The second parcel, 1232 N Madison St, features two fully renovated duplexes that underwent complete remodels down to the studs in 2020 and generate strong rental income. The properties are being offered together but may be purchased separately.
The parcels are packaged together for $1,375,000.
The parcels are packaged together for $1,375,000.
Location
State WA
County Spokane
Community Spokane
Area Washington Counties
Zoning R2
Direction From Downtown Spokane, head north on N Monroe St across the river. Turn left onto W Sharp Ave; the destination at 1009 W Sharp Ave will be on your right just past N Monroe St
Exterior
View None
Building
Lot Description Level
Sewer Public Sewer
Water Public
Schools
School District Spokane - 81
Others
Tax ID 35182.3212
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Listed by SVN Cornerstone Commercial
Jason Eitel, Real Broker LLC