Multifamily Housing
228 E Sinto Ave Spokane, WA 99202
Details & Description
Price: $2,500,000
    Student Housing Portfolio5 Houses ContiguousOne block from Gonzaga University and 15 minute walk to Riverpoint CampusClose to retail and restaurants in the surrounding areaHighlightsStable rental market with virtually no vacancyValue add by adding more units/roomsTenants pay most operating expenses, metered utility expenses and lawn care/servicesLandlord pays for additional maintenance, RE Taxes and property insuranceAll five (5) units are Leased through May 15, 2022Investor can operate as is, or redevelop to multi unit student housingMultiple site and building plans availableOwner is a Licensed Real Estate Broker
    Listing Agents
    Guy Byrd

    O: 509-953-5109
    guy.byrd@svn.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    228 E Sinto Ave

    Spokane, WA 99202

    Listing ID: 209444
    • 228 E Sinto Ave Spokane, WA 99202 | for Sale | Photo 1
    • 228 E Sinto Ave Spokane, WA 99202 | for Sale | Photo 2
    • 228 E Sinto Ave Spokane, WA 99202 | for Sale | Photo 3
    228 E Sinto Ave | for Sale | Thumbnail 1
    228 E Sinto Ave | for Sale | Thumbnail 2
    228 E Sinto Ave | for Sale | Thumbnail 3
    Building Size: 6,781 SF
    Lot Size: 0.570 AC
    Land Size: 24,829 SF
    Building $/SF: $368.68
    Land $/SF: $100.69
    Price
    $2,500,000
    Description

    Student Housing Portfolio

    5 Houses Contiguous

    One block from Gonzaga University and 15 minute walk to Riverpoint Campus

    Close to retail and restaurants in the surrounding area

    Highlights

    Stable rental market with virtually no vacancy

    Value add by adding more units/rooms

    Tenants pay most operating expenses, metered utility expenses and lawn care/services

    Landlord pays for additional maintenance, RE Taxes and property insurance

    All five (5) units are Leased through May 15, 2022

    Investor can operate as is, or redevelop to multi unit student housing

    Multiple site and building plans available

    Owner is a Licensed Real Estate Broker

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Spokane History of Multifamily Housing for Sale

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    Spokane Area Market Trends

    Listing Demographics for 228 E Sinto Ave Spokane, WA 99202

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population16,500122,329221,911
    Population Median Age333738
    Population by Age0-9 Yrs1491 (9%)13894 (11%)25974 (11%)
    10-19 Yrs3296 (19%)15363 (12%)27027 (12%)
    20-29 Yrs4624 (28%)22540 (18%)37211 (16%)
    30-39 Yrs2208 (13%)18510 (15%)32204 (14%)
    40-49 Yrs1148 (6%)13374 (10%)24887 (11%)
    50-59 Yrs1332 (8%)14843 (12%)26588 (11%)
    60-69 Yrs1174 (7%)13026 (10%)25012 (11%)
    70+ Yrs1227 (7%)10780 (8%)23009 (10%)
    Median HH Income$34,446$45,074$49,374
    Total Household Income< 24K2206 (39%)14504 (28%)22700 (24%)
    25-49K1373 (24%)13920 (26%)24773 (26%)
    50-74K1160 (20%)9908 (19%)17914 (19%)
    75-99K350 (6%)5937 (11%)11508 (12%)
    100-199K403 (7%)6120 (11%)13962 (14%)
    200K+64 (1%)1385 (2%)2955 (3%)
    Highest Education LevelNo Diploma954738011205
    Diploma or GED21091960535647
    Some College26762273840480
    Assoc. Degree770978819082
    Bachelors Degree13251433528736
    Higher Degree592877316891
    Total Housing Units6,26857,190101,452
    --Owner-Occupied1,40326,21251,691
    --Renter-Occupied4,15425,56142,122
    Owner-Occupied Values< 100K28638486008
    100-199K8171379024478
    200-299K216452912039
    300-399K1318384824
    400-499K259331994
    500K+4512752349
    Total Working Age Population14,341100,034180,031
    In Work Force7,14961,098111,753
    Not In Work Force7,19238,93668,277
    Workforce Employed6,28956,983104,280
    Workforce Unemployed8303,8346,780
    Civlian Workforce7,11960,817111,060
    Military Workforce30281693
    Total Households5,55751,77393,813
    Family Households2,16926,68952,400
    Non-Family Households3,38825,08441,414
    Married Couple1,19117,09635,476
    Other Family9789,59316,924
    Married w/Child5446,35513,613
    Single Male w/Child2321,9003,054
    Single Female w/Child2273,7476,592

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Washington5,894,121+146,724,540+147,638,415+118,503,178
    Spokane County417,939+13471,221+10516,807+9564,538

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

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    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 228 E Sinto Ave in Spokane?
    The asking price for 228 E Sinto Ave is $2,500,000
    What is the building size of this Multifamily property in Spokane, WA?
    The size of the building/unit at 228 E Sinto Ave in Spokane is 6,781 square feet
    How much land does the Spokane, WA property at 228 E Sinto Ave include?
    228 E Sinto Ave in Spokane includes 0.570 acres of land
    What is the population within 1 mile of 228 E Sinto Ave in Spokane?
    The population within 1 mile of 228 E Sinto Ave Spokane, WA 99202 is 16,500 people.
    Who do I contact for questions about 228 E Sinto Ave?
    You should contact the listing agent, Guy Byrd, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Spokane International Airport (GEG) 7
    Boeing Field King County International Airport (BFI) 228
    Seattle Tacoma International Airport (SEA) 229
    Price
    $2,500,000
    Listing Agent
    More listings from Guy Byrd
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