Prime mixed-use property in Spokane’s sought-after South Hill neighborhood. The building features 1,015 sqft retail space with a coffee tenant in place with five years left on the lease and twenty-nine apartments above. Located in an Opportunity Zone, the property offers valuable tax benefits and strong income potential. The unit mix includes eighteen one-bedroom and eleven two-bedroom apartments, all with spacious layouts and quality finishes. Rent upside of 10%-20% provides additional growth potential. A solid investment opportunity in a high-demand location close to downtown, shopping, and dining.
Active
$4,250,000
507 S Howard St, Spokane, WA 99204
40beds
29baths
42,500sqft
MultiFamily
Built in 1912
-- sqft lot
$-- Zestimate®
$100/sqft
$-- HOA
What's special
Quality finishesSpacious layouts
- 307 days
- 565
- 24
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Derek Raivio 360-518-9381,
LT Real Estate
Source: SMLS as distributed by MLS GRID,MLS#: 202526824
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 40
- Bathrooms: 29
Heating
- Electric, Baseboard
Appliances
- Laundry: In Basement
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 42,500
- Total interior livable area: 42,500 sqft
Property
Parking
- Parking features: Off Site, Alley Access
Features
- Levels: Four Level
- Stories: 4
Lot
- Size: 0.33 Acres
Details
- Parcel number: 35191.4301
Construction
Type & style
- Home type: MultiFamily
Materials
- Brick
- Roof: Flat
Condition
- Year built: 1912
Community & HOA
HOA
- Amenities included: Laundry
Location
- Region: Spokane
Financial & listing details
- Price per square foot: $100/sqft
- Date on market: 11/14/2025
- Listing terms: Conventional,Cash,Commercial
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,468/mo
Price history
| Date | Event | Price |
|---|---|---|
| 12/11/2025 | Price change | $4,250,000-5.6%$100/sqft |
Source:  SMLS as distributed by MLS GRID #202526824 Report a problem | ||
| 11/14/2025 | Listed for sale | $4,500,000+66.1%$106/sqft |
Source: SMLS as distributed by MLS GRID #202526824 Report a problem | ||
| 7/7/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 6/6/2022 | Listed for rent | $1,295+52.4% |
Source: Zillow Rental Manager Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/2/2018 | Sold | $2,710,000-9.6%$64/sqft |
Source: SMLS as distributed by MLS GRID #201724871 Report a problem | ||
| 4/1/2018 | Listing removed | $850 |
Source: Owner Report a problem | ||
| 3/23/2018 | Price change | $850-15% |
Source: Owner Report a problem | ||
| 3/20/2018 | Listed for rent | $1,000 |
Source: Owner Report a problem | ||
| 10/20/2017 | Price change | $2,999,000-4.8%$71/sqft |
Source: John L Scott, Spokane, Inc. #201724871 Report a problem | ||
| 9/21/2017 | Listed for sale | $3,150,000$74/sqft |
Source: John L Scott, Spokane, Inc. #201724871 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.
