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2923 N Hogan St, Spokane, WA 99207
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$660,000
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Home Details for 2923 N Hogan St
Price
$660,000
Type
Multi Family
Year Build
1978
Sq. Ft.
3144
Lot Size
0.15
County
Spokane
Basement
Finished
MLS®️ Listing#
202420591
On exitrealty.com
382 days
Property Description
The Hogan Apartments! Low-maintenance, value-add building with strong upside potential. The property includes six 1BD/1BA units, onsite laundry, and dedicated parking for each unit plus street parking. Competitive price point offered at $110,000/unit with a 6.40% cap rate, this asset outperforms market comps averaging $128,073/unit and a 6.07% cap rate. Stabilized Asset – With rents already at market rates, this turnkey property is already cash flowing. Light renovations include: New flooring, paint, and windows across units, reducing upfront capital needs. Situated in the Logan neighborhood, residents benefit from quick access to Gonzaga Prep High School, Gonzaga University, Spokane Community College, Downtown Spokane, and major transit routes. Features like onsite laundry and dedicated parking for each unit boost tenant satisfaction and improve retention. Strong rental demand. The 1 BD/1BA layouts are ideal for singles, couples, & professionals, ensuring consistent occupancy and long-term stability.
- Heating Information
- Natural Gas
- Parking
- Shared Driveway
- Basement
- Finished
Listing Courtesy: Windermere Manito, LLC - 150-974-710
Listings courtesy of the Spokane Association of REALTORS® as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
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Market statistics compiled from data from Spokane Association of Realtors.
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EXIT REAL ESTATE PROFESSIONALS
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$660,000
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EXIT REAL ESTATE PROFESSIONALS
1403 S. Grand Blvd, Suite 101 N, Spokane, WA 99203