Riverside10 offers the opportunity to acquire a distinctive 10-unit multifamily property in Spokane’s historic Browne’s Addition neighborhood. Built in 1900, the property combines enduring architectural character with thoughtful updates and an established tenant base, creating an attractive alternative to conventional apartment product. The investment also offers multiple avenues for operational upside. Improved revenue management and active ownership provide an opportunity to enhance cash flow, while one unit’s established short-term rental use and private exterior entrance create additional flexibility beyond traditional apartment operations. Combined with a highly walkable location immediately west of Downtown Spokane, Riverside10 offers a differentiated investment with both existing appeal and future upside.
Browne's Addition, located between Downtown Spokane and the South Hill, is a historic and walkable Spokane neighborhood with leafy streets and landmark mansions. The neighborhood’s character concentrates around W Pacific Ave and N Cannon St, where coffee counters, neighborhood pubs, and small eateries set a steady sidewalk rhythm. The Campbell House at the Northwest Museum of Arts & Culture anchors the area’s Gilded Age legacy, while the museum campus adds galleries and rotating exhibits. Browne’s Addition mixes Queen Anne and Craftsman homes with apartment courts and brick walk-ups. Coeur d’Alene Park and the adjacent playgrounds and lawns shape daily routines. Tree canopy and short blocks keep the pace calm even near the city core.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Average condition
Has view
Bedrooms
Multiple units with 1-2 bedrooms (unit mix described below)
Bathrooms
Each unit has 1 bathroom
Kitchen
Individual kitchens in each unit (appliances not specified)
Laundry & utility
Utilities: electric service
Heating & cooling
Wall furnaces
Window cooling units
Exterior features
Stucco exterior
City zoning
Possible uses: Multi-family, Residential
Has view
Home design
Multi-family residential property
10-unit building
4 stories
Built circa 1900 (effective year)
Construction
Stucco construction
Composition roof
Block and poured concrete foundation
Effective year built 1900
Utilities
Public water
Sewer connected
Electric energy source
Financial info
Gross scheduled income approximately $124,974 per year
Gross adjusted income approximately $124,974 per year
Total monthly income approximately $10,358
Net operating income approximately $67,309 per year
Total expenses approximately $57,665 per year
Electric expense approximately $4,765 per year
Insurance expense approximately $5,840 per year
Other expenses approximately $27,579 per year
Gross rent multiplier about 9.6
Listing terms: Conventional
Other
Calculated building area about 6,164 square feet
Electricity and solar
View estimated energy costs and solar savings for this home
No better area for multi family, 10 unit has newer roof, new $20,000. exterior paint job, walk to downtown, 3 blks from great eateries, bike shop & city park. Building cash flows well. Might be the best buy in Browne's. Units are in avg to good shape. Located amongst much more expensive buildings.
Nov 22, 2004
Sold
SPOKANEMLS as Distributed by MLS Grid #24022806
$317,600
$52/sq ft
Jul 24, 2004
Listed
SPOKANEMLS as Distributed by MLS Grid #24022806
$328,900
$53/sq ft
Jul 20, 2004
Listing Removed
SPOKANEMLS as Distributed by MLS Grid #23015909
—
Oct 20, 2003
Listed
SPOKANEMLS as Distributed by MLS Grid #23015909
$328,900
$53/sq ft
Oct 11, 2003
Listing Removed
SPOKANEMLS as Distributed by MLS Grid #23005410
—
Apr 11, 2003
Listed
SPOKANEMLS as Distributed by MLS Grid #23005410
$349,000
$57/sq ft
Feb 28, 2003
Listing Removed
SPOKANEMLS as Distributed by MLS Grid #22266633
—
Dec 18, 2002
Listed
SPOKANEMLS as Distributed by MLS Grid #22266633
$349,000
$57/sq ft
Dec 6, 2002
Sold
SPOKANEMLS as Distributed by MLS Grid #2121959
$263,000
$43/sq ft
Aug 1, 2001
Listed
SPOKANEMLS as Distributed by MLS Grid #2121959
$264,950
$43/sq ft
Dec 28, 2001
Sold
Public Records
$263,000
$43/sq ft
May 30, 2001
Listing Removed
SPOKANEMLS as Distributed by MLS Grid #2017153
—
May 10, 2000
Listed
SPOKANEMLS as Distributed by MLS Grid #2017153
$264,900
$43/sq ft
Jul 1, 1994
Sold
Public Records
$258,700
$42/sq ft
Nov 1, 1988
Sold
Public Records
$79,300
$13/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$8,757 (−15.6%)
$53,500 + $994,700
$1,048,200
2025
$10,382 (+6.2%)
$53,500 + $994,700
$1,048,200
2024
$9,771 (+9.7%)
$53,500 + $956,800
$1,010,300
2023
$8,903 (+24.6%)
$53,500 + $858,400
$911,900
2022
$7,147 (−7.5%)
$37,450 + $574,450
$611,900
2021
$7,729 (+29.3%)
$37,450 + $613,550
$651,000
2020
$5,976 (+70.8%)
$37,450 + $447,350
$484,800
2019
$3,500 (−9.8%)
$37,450 + $255,400
$292,850
2018
$3,879 (+3.8%)
$37,450 + $236,300
$273,750
2017
$3,737 (+0.3%)
$37,450 + $236,300
$273,750
2016
$3,724 (−4.9%)
$37,450 + $229,400
$266,850
2015
$3,915
$37,450 + $237,100
$274,550
Public record
Public record
Permits
Beds
—
Baths
—
Stories
3
Lot width
—
Lot depth
—
Lot size
5,350 Sq. Ft.
Year renovated
1990
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
5,864
Year built
1900
Style
Multi-Family (5+ Unit)
County
Spokane County
APN
25241.0504
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
Mar 15, 2026 • Final
Historical other
Fire sprinkler
Feb 22, 2026 • Final
Historical other
Fire sprinkler
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.77% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 94° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
19 unhealthy days expected this year, 21 days in 30 years
Provided by First Street
Historical weather
Spokane, WA • 99201
Average low and high temperatures (°F)
37
26
42
28
55
36
63
39
72
48
79
54
89
61
87
61
82
54
62
40
47
36
42
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.5 hours in
June and 1.8 hours in December, placing it below the
U.S. average for solar exposure.
10.5 hrs
1.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1927 W Riverside Ave
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