209 E Sprague Ave
Fully leased investment property producing $7,545/month in rental income. Includes a total of seven condo units. Two retail spaces with 14’ ceilings (approx. 1,200 SF each), and three apartments (one 2 bed/1 bath, two 1 bed/1 bath). Two shop/storage units with fenced yard provide additional income and utility. TPO roof replaced in 2025.
A fully leased downtown Spokane mixed-use building at $139 per square foot
This 1927 building at 209 E Sprague packs seven separate units into 5,380 square feet on a compact 0.15-acre lot: two retail bays with 14-foot ceilings, three residential apartments, and two shop/storage units with a fenced yard. All are currently leased, generating $7,545 in monthly rental income. At $750,000, that pencils to roughly $139 per square foot and about a 12% gross rent multiple against list price. No garage parking is included, and heating is electric throughout.
- Seven leased units
- $7,545 monthly income
- 14-ft retail ceilings
- Fenced storage yard
- $139 per sq ft
Your point of contact
Listed by Dallas Lightner, LT Real Estate · 509-315-8720
What's included
Heating
- Electric
Education
- Elementary
- Stevens
- Middle
- Yasuhara
- High
- North Central
School assignments are as reported in the listing. Boundaries and enrollment can change — verify directly with the school district.
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- Principal & interest
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- Property taxes
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- Insurance
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- HOA
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Listing information provided courtesy of the Spokane Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use.
Information provided by Spokane Association of REALTORS®. Listings deemed reliable but not guaranteed. Buyer is responsible for verifying all material facts (square footage, lot size, zoning, school assignments, HOA dues, taxes). Not legal, tax, financial, or appraisal advice — consult the relevant professional.