2001 W Boone Ave
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2001 W Boone Ave
9 Unit Apartment Building $1,950,000 ($216,667/Unit) 6.10% Cap Rate Spokane, WA 99201
Investment Highlights
- Newly constructed 9 unit apartment building.
- Central location, easy access to Kendall Yards.
- Property tax abatement for 12 years.
Executive Summary
This newly constructed 6,266 SF, 9-unit apartment building, offers an enticing prospect for multifamily/low-rise/garden investors
Property Facts
| Price | $1,950,000 | Building Class | B |
| Price Per Unit | $216,667 | Lot Size | 0.11 AC |
| Sale Type | Investment | Construction Status | Under Construction |
| Cap Rate | 6.10% | Building Size | 6,288 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,950,000 |
| Price Per Unit | $216,667 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Construction Status | Under Construction |
| Building Size | 6,288 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| Studios | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 25131.5401 | Improvements Assessment | $0 |
| Land Assessment | $62,500 | Total Assessment | $62,500 |
PROPERTY TAXES
Parcel Number
25131.5401
Land Assessment
$62,500
Improvements Assessment
$0
Total Assessment
$62,500
zoning
| Zoning Code | RHD-35 |
| RHD-35 |
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2001 W Boone Ave
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