1515-1519 W Sharp Ave
Spokane, WA 99201
Listed by Jordan Lester, SVN Cornerstone
- Units
- 16
- Built
- 1977
- On market
- 25 days
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Purchase details
Loan details
Rents
Expenses
Set aside
What is left
The units
| Unit | Beds | Baths | Sq ft | Rent / mo |
|---|---|---|---|---|
| 1 | 1 | 1 | 576 | $1,030 |
| 2 | 1 | 1 | 576 | $1,030 |
| 3 | 1 | 1 | 576 | $1,030 |
| 4 | 1 | 1 | 576 | $1,030 |
| 5 | 1 | 1 | 576 | $1,030 |
| 6 | 1 | 1 | 576 | $1,030 |
| 7 | 1 | 1 | 576 | $1,030 |
| 8 | 1 | 1 | 576 | $1,030 |
| 9 | 1 | 1 | 576 | $1,030 |
| 10 | 1 | 1 | 576 | $1,030 |
| 11 | 1 | 1 | 576 | $1,030 |
| 12 | 1 | 1 | 576 | $1,030 |
| 13 | 2 | 1 | 720 | $1,160 |
| 14 | 2 | 1 | 720 | $1,160 |
| 15 | 2 | 1 | 720 | $1,160 |
| 16 | 2 | 1 | 720 | $1,160 |
These 16 units add up to $17,000 a month. Those rents were confirmed with the listing agent.
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Price history
- Sep 4, 2026Listed for sale$1,900,000$118,750/unit
About the building
SVN Cornerstone is pleased to present Sharp Apartments, a 16-unit multifamily investment opportunity in Spokane, Washington. Originally constructed in 1977, the property offers a well-maintained apartment community with stable in-place cash flow and attractive value-add potential. The unit mix consists of twelve 1-bed, 1-bath units averaging 576 square feet and four 2-bed, 1-bath units averaging 720 square feet. 12 of the 16 units have already been renovated, with the remaining four offered in classic condition. All units feature in-wall air conditioning, baseboard heat, dishwashers and ample closet space, and the property offers onsite laundry and covered parking at the rear. Offered at $1,900,000 ($118,750 per unit / $194 per NRSF), Sharp Apartments generates a 5.77% in-place capitalization rate at 100% occupancy, demonstrating strong tenant demand and operational stability.
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