104 S Oak St

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104 S Oak St

Spokane, WA 99201
Asking Price
$1.07M
Cap Rate
6.42%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 104 S Oak St in Spokane.
  • The eight-unit property is available for purchase at $1,075,000.
  • The investment carries a cap rate of 6.42 percent.
  • Acquisition cost equates to $134,375 per individual residential unit.
  • Situated within the established Browne's Addition neighborhood of Washington state.

What's Special

This multifamily apartment building contains eight units and is positioned in the Browne's Addition neighborhood of Spokane, Washington. The property provides a residential investment acquisition at an asking price of $1,075,000, reflecting a per-unit cost of $134,375. Spokane serves as a primary hub for commerce and healthcare in the Inland Northwest, benefiting from a diverse economy and steady population growth that drives consistent demand for rental housing. The asset’s location offers access to the urban amenities and historic character of the surrounding district. Given the configuration of these units, the building is well-suited for long-term hold strategies or portfolio expansion in a growing suburban and urban metro market.

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NOI
$80,000
Cap Rate
7.44%
DSCR
1.25
Strong
Cash-on-Cash
5.02%
Monthly Payment
$5,318.513
Annual Cash Flow
$16,177.838

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