Exceptional value-add investment opportunity in a prime South Hill location! This 6-unit apartment building features five 1-bedroom/1-bath units and one studio, ideally situated directly across from Huckleberry's Natural Market and just minutes from Downtown Spokane, Sacred Heart, Deaconess, and other major employers. The property offers five covered off-street parking spaces, coin-operated laundry, and a history of stable, long-term tenants who are all current on rent. While the building has been well maintained, many units remain dated, providing an excellent opportunity to renovate and capture significant rental upside as units turn over. Strong location, dependable tenancy, and below-market rents make this an attractive investment with immediate income and long-term appreciation potential.
Pending
$575,000
1019 S Monroe St, Spokane, WA 99204
5beds
6baths
5,022sqft
MultiFamily
Built in 1940
-- sqft lot
$549,100 Zestimate®
$114/sqft
$-- HOA
What's special
Coin-operated laundryOne studio
- 69 days
- 158
- 3
Zillow last checked:
Listing updated:
Listed by:
Jeff Hornberger 509-994-5007,
The Hornberger Group, LLC
Source: SMLS as distributed by MLS GRID,MLS#: 202622248
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
Heating
- Natural Gas, Hot Water
Appliances
- Included: Free-Standing Range, Refrigerator
Features
- Basement: Full,Finished
- Has fireplace: No
Interior area
- Total structure area: 5,022
- Total interior livable area: 5,022 sqft
Property
Parking
- Total spaces: 5
- Parking features: Detached
- Garage spaces: 5
Features
- Levels: Three Story
- Stories: 3
- Fencing: Cross Fenced
- Has view: Yes
- View description: Territorial
Lot
- Size: 8,063 Square Feet
- Features: Level, Near Public Transit
Details
- Additional structures: See Remarks
- Parcel number: 35193.3607
Construction
Type & style
- Home type: MultiFamily
Materials
- Brick
- Roof: Tile
Condition
- Year built: 1940
Community & HOA
HOA
- Amenities included: Laundry
Location
- Region: Spokane
Financial & listing details
- Price per square foot: $114/sqft
- Annual tax amount: $5,328
- Date on market: 8/7/2026
- Listing terms: Conventional,Cash
- Road surface type: Paved
Estimated market value
$549,100
$522,000 - $577,000
$1,841/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2026 | Pending sale | $575,000$114/sqft |
Source:  SMLS as distributed by MLS GRID #202622248 Report a problem | ||
| 8/7/2026 | Listed for sale | $575,000$114/sqft |
Source: SMLS as distributed by MLS GRID #202622248 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Cliff-Cannon
Nearby schools
Schools provided by the listing agent
- Elementary: Roosevelt
- Middle: Sacajawea
- High: Lewis & Clark
- District: Spokane Dist 81
Source: SMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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