$645,000

1427 W 7th Ave

Spokane, WA 99204

Listed by Jordan Lester, SVN Cornerstone

Units
6
Built
1902
Size
3,919 sq ft
On market
183 days
Cap rate~6.7%
Cash-on-cash~0.1%
Cash flow+$17
Aaron Beal

Have any questions about this listing? Want to visit?

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 & interest3,560
Property tax 2026⁠Left blank
Insurance⁠No spot on MLS
Sewer⁠Left blank
Water⁠Left blank
Garbage⁠No spot on MLS
Left over after mortgage and expenses868

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance850

What is left

Cash left over each month+$17

The units

UnitBedsBathsSq ftRent / moRentometerestimatedRentCastestimated
111653$945estimated Rentometer $1,224 · RentCast $1,060$1,224$1,060
211653$945estimated Rentometer $1,224 · RentCast $1,060$1,224$1,060
311653$945estimated Rentometer $1,224 · RentCast $1,060$1,224$1,060
411653$945estimated Rentometer $1,224 · RentCast $1,060$1,224$1,060
511653$945estimated Rentometer $1,224 · RentCast $1,060$1,224$1,060
601653$945estimated Rentometer $1,178 · RentCast $910$1,178$910

These 6 units add up to $5,670 a month. Those rents were confirmed with the listing agent.

What a free account adds Free account

Every figure above is the same one Beal Estate NW works from — the same cap rate, the same cash flow, the same ledger. What a free account adds is the ability to change them, and the four things below.

Put in your own numbersyour down payment, your rate, your reserves — and watch every figure move
Sign up free
Sale historywhat it last sold for, and when
Sign up free
Documentsthe rent roll and the operating statement, when the seller shares them
Sign up free
The records behind each figurethe county and city screenshots we worked from
Sign up free
Saved searches, liked and hiddenand an email when something new fits
Sign up free
Put in your own numbers — free

Price history

  1. Mar 30, 2026Listed for sale$645,000$107,500/unit

About the building

SVN Cornerstone is pleased to present the Seventh Apartments for sale located at 1427 W 7th Ave in Spokane's Cliff Cannon neighborhood. The Seventh Apartments consist of six total units including five 1bed/1bath units and 1 studio. The property features three on site parking spaces, ample street parking, and a dedicated room that can be converted into a laundry room. Highilights - 100% Occupied – Fully occupied property providing immediate and stable cash flow. - Over $30K in Recent CapEx – Recent improvements include new water heaters and fresh exterior paint. - Upgraded Copper Electrical Wiring – Copper electrical wiring reduces insurance concerns and future capital needs. - Unique Property Layout – One unit is located in a separate building, offering added privacy and a distinctive unit mix. - Prime Central Location – Conveniently located near a bus stop, hospitals, downtown Spokane, I-90, shopping, dining, and major employers.

Where it is

Looking for what else is nearby…

Look it up yourself

Listed by Jordan Lester, SVN Cornerstone · MLS# 202614397 · Active

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, 4:15:01 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.