505 E Hawthorne Rd - Apartments FOR SALE


Spokane, WA 99218- Town and Country
$4,800,000 USD
208-651-9699
505 E Hawthorne Rd, Spokane, WA for Sale
$4,800,000 USD
Apartments - FOR SALE
1/23
null | 5.8% Cap Rate

505 E Hawthorne Rd
Spokane, WA 99218
Town and Country


HIGHLIGHTS

  • Less than 1/2 mile from Whitworth University Campus
  • High end finishes including all quartz counters, soft close drawers, stainless appliances
  • Luxury vinyl plank floors, and high-efficiency mini split heating in each unit
  • Vaulted ceilings on the 3rd level with a "penthouse" feel
  • Four EV charging stations and 18 small storage units for additional income
  • 29 total with 21 covered, off-street parking spaces

OVERVIEW

Welcome to Sienna Terrace, a brand new 18-unit apartment complex in north Spokane just a few short blocks from Whitworth University! This thoughtfully designed community offers a collection of 1BR, 2BR, and 3BR units. Each spacious 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 7.3 miles from downtown Spokane; 13.4 miles from the Spokane Airport; 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.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

18

PRICE/UNIT

$266,667

CAP RATE

5.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sienna Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

County HDR

APN/PARCEL ID

36172.2402

ASK ABOUT THIS PROPERTY

Rick ScharfKeller Williams Realty Coeur d'AleneMore Info
208-651-9699

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Rick ScharfKeller Williams Realty Coeur d'AleneMore Info
208-651-9699

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.