About This Home

This 19-bedroom, 0-bathroom residential multi family at 1515 W Sharp Ave in Spokane, WA is listed for $1,795,000 ($164 per sqft). Built in 1977, the home offers 10,944 sqft of living space on a 0.38 acres lot.

Key Features

  • Built in 1977
  • 0.38 acre lot

Property Details

15 full
2-car garage
1977
Listing Description

SVN Cornerstone is pleased to present Sharp Apartments, a 16-unit multifamily investment opportunity in Spokane, WA. Built in 1977, the property features twelve 1-bed/1-bath units (~576 SF) and four 2-bed/1-bath units (~720 SF). 12 units have been renovated, leaving four classic units that offer an immediate ~17% upside in rents upon renovation.

All units include in-wall A/C, baseboard heat, dishwashers, and ample closet space. Amenities include onsite laundry and covered rear parking. Offered at $1,900,000 ($118,750/unit | $194/NRSF), the asset delivers a 5.77% in-place cap rate at 100% occupancy.

Located in Spokane's West Central neighborhood, the property offers quick access to I-90 and US-2/Division St, and is minutes from Downtown Spokane, the Spokane County Courthouse campus, Spokane Arena, and Riverfront Park--driving strong long-term tenant demand and stabilit

Monthly Cost Estimate

$9,600/mo

20% down · 6.5% · 30 years

Principal$1,298
Interest$7,778
Insurance$524

Estimates only. Actual payments may vary.

Location

1515 W Sharp Ave

Spokane, WA 99201

Property Details

Construction

Steel Siding Concrete

Heating

Electric (Heating)

Questions & Answers

This 19-bedroom, 0-bathroom residential multi family at 1515 W Sharp Ave is listed at $1,795,000 ($164/sqft). The estimated monthly payment is $9,600 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1977, 0.38 acre lot.

This property is listed by Jordan Lester.

JL

Jordan Lester

License 1271842

Agent at SVN Cornerstone Commercial

Listed by SVN Cornerstone Commercial · Broker phone: 5093212000 · View on Broker Site

MLS# 26-10283· Source: Coeur d'Alene Multiple Listing Service· 12 days on PropertySimple

Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1515 W Sharp Ave, Spokane, WA 99201

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