$1,200,000

1428 W 10th Ave

Spokane, WA 99204

Listed by Ryan Towner, LT Real Estate

Pending
Units
12
Built
1909
Size
7,524 sq ft
On market
263 days
Cap rate~7.0%
Cash-on-cash~1.3%
Cash flow+$360
Aaron Beal

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Purchase details

Purchase price
Closing costs 2.5%
Repairs and remodel

Loan details

Down payment
Interest rateour standard rate

Rents

Rents coming in⁠not on the MLS, confirmed with the listing agent

Expenses

Principal & interest6,623
Property tax 2026⁠Left blank
Insurance⁠No spot on MLS
Sewer⁠Left blank
Water⁠Left blank
Garbage⁠No spot on MLS
Left over after mortgage and expenses2,057

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance1,697

What is left

Cash left over each month+$360

The units

UnitBedsBathsSq ftRent / moRentometerestimatedRentCastestimated
111550$950estimated Rentometer $1,200 · RentCast $911$1,200$911
211550$950estimated Rentometer $1,200 · RentCast $911$1,200$911
311550$950estimated Rentometer $1,200 · RentCast $911$1,200$911
411550$950estimated Rentometer $1,200 · RentCast $911$1,200$911
511550$950estimated Rentometer $1,200 · RentCast $911$1,200$911
611550$950estimated Rentometer $1,200 · RentCast $911$1,200$911
711550$950estimated Rentometer $1,200 · RentCast $911$1,200$911
811550$950estimated Rentometer $1,200 · RentCast $911$1,200$911
911550$950estimated Rentometer $1,200 · RentCast $911$1,200$911
1011550$950estimated Rentometer $1,200 · RentCast $911$1,200$911
1111550$950estimated Rentometer $1,200 · RentCast $911$1,200$911
1221780$1,200estimated Rentometer $1,643 · RentCast $911$1,643$911

These 12 units add up to $11,650 a month. Those rents were confirmed with the listing agent.

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Price history

  1. Apr 18, 2025Listed for sale$1,350,000$112,500/unit

About the building

Situated in a prime South Hill location near I-90, this 12-unit apartment building offers a strong mix of unit types and consistent rental income. The property includes six one-bedroom units, one two-bedroom unit, and five studio unit. Each unit showcases timeless charm with high ceilings, large windows, and classic hardwood floors. Recent remodels have enhanced the appeal of the interiors, blending historic character with modern updates. Tenants enjoy the convenience of on-site laundry facilities and off-street parking—amenities that further boost occupancy and satisfaction. With a strong rental history, excellent location, and continued upside, this well-maintained property is a standout investment opportunity.

Where it is

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Listed by Ryan Towner, LT Real Estate · MLS# 202515275 · Pending

Cap rate, cash flow and cash-on-cash are Beal Estate NW’s own analysis, not MLS data — they follow the financing assumptions shown on this page, and they are not a valuation of the property and not investment advice. Talk to your lender, your accountant and your own advisers before you rely on any of it. MLS GridListings courtesy of Spokane REALTORS® as distributed by MLS Grid. Based on information submitted to the MLS GRID as of 9/29/2026, 3:45:00 PM. 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 is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing; any other use or search of the data on this site is prohibited. Deemed reliable but not guaranteed accurate by MLS Grid. Verify everything before you write an offer. Report a copyright problem.