$4,497,700

505 E Hawthorne Rd

Spokane, WA 99218

Listed by Seth Maefsky, Keller Williams Realty Coeur d

Units
18
Built
2025
On market
104 days
Cap rate6.15%
Cash-on-cash-1.7%
Cash flow−$1,754
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 & interest24,822
Property tax 2026⁠$2,588
Insurance⁠No spot on MLS
Sewer⁠In water
Water⁠$268 with sewer
Garbage⁠No spot on MLS
Left over after mortgage and expenses2,992

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance4,746

What is left

Cash left over each month−$1,754

The units

UnitBedsBathsSq ftRent / moRentometerestimatedRentCastestimated
111750$1,500estimated Rentometer $1,218 · RentCast $1,170$1,218$1,170
211750$1,500estimated Rentometer $1,218 · RentCast $1,170$1,218$1,170
311750$1,500estimated Rentometer $1,218 · RentCast $1,170$1,218$1,170
411750$1,500estimated Rentometer $1,218 · RentCast $1,170$1,218$1,170
511750$1,500estimated Rentometer $1,218 · RentCast $1,170$1,218$1,170
611750$1,500estimated Rentometer $1,218 · RentCast $1,170$1,218$1,170
7221,005$1,750estimated Rentometer $1,603 · RentCast $1,600$1,603$1,600
8221,005$1,750estimated Rentometer $1,603 · RentCast $1,600$1,603$1,600
9221,005$1,750estimated Rentometer $1,603 · RentCast $1,600$1,603$1,600
10221,005$1,750estimated Rentometer $1,603 · RentCast $1,600$1,603$1,600
11221,005$1,750estimated Rentometer $1,603 · RentCast $1,600$1,603$1,600
12221,005$1,750estimated Rentometer $1,603 · RentCast $1,600$1,603$1,600
13221,005$1,750estimated Rentometer $1,603 · RentCast $1,600$1,603$1,600
14221,005$1,750estimated Rentometer $1,603 · RentCast $1,600$1,603$1,600
15221,005$1,750estimated Rentometer $1,603 · RentCast $1,600$1,603$1,600
16321,270$2,297estimated Rentometer $2,016 · RentCast $1,970$2,016$1,970
17321,270$2,297estimated Rentometer $2,016 · RentCast $1,970$2,016$1,970
18321,270$2,297estimated Rentometer $2,016 · RentCast $1,970$2,016$1,970

These 18 units add up to $31,641 a month. Those rents were confirmed with the listing agent.

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About the building

Welcome to Sienna Terrace, a new 18-unit apartment complex currently at 100% occupancy! Located in north Spokane and just a few short blocks from Whitworth University, this thoughtfully designed community offers a collection of 1BR, 2BR, and 3BR units. Each luxury apartment features an open-concept floor plan, contemporary finishes, and large windows that fill the interiors with natural light. There are 6- one bed/one bath units; 9- two bed/two bath units; and 3- three bed/two bath units. This prime location is just 7 miles from downtown Spokane and less than 1/2 mile from the Whitworth University campus, which has a current enrollment of over 2500 students. Tenants will love the numerous shopping and dining options nearby, with Target, Best Buy, Dick's Sports, Olive Garden, Red Robin and the YMCA among the many businesses and restaurants within 1/2 mile.

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Listed by Seth Maefsky, Keller Williams Realty Coeur d · MLS# 202619428 · 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, 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.