Great investor opportunity on the South Hill! This 28 unit apartment complex is close to schools and shopping with a beautiful green area and mature trees on the property. (14) 1 Bed/1 Bath Units & (14) 2 Bed/1 Bath Units Upside on Rents Great South Hill Location $219,000 NOI 4.38% Cap Rate
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
1.26 Acres
Year renovated
1976
Sq. Ft.
2,524
Year built
1976
Style
Multi-Family (5+ Unit)
County
Spokane County
APN
35331.0308
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 14, 2026.
RMF
Residential Multifamily Zone
The residential zones implement the residential goals and policies and land use plan map designations of the comprehensive plan. They are intended to preserve land for housing and to provide housing opportunities for individual households. The zones are distinguished by the permitted uses, the housing types, and intensity of development allowed. The differences in the zoning categories reflect the diversity of residential areas in the City. The limits on the intensity of uses and the development standards promote the desired form for the residential area. The standards are intended to provide certainty to property owners, developers, and neighbors of what is allowed in the various categories.; The RMF zone is a medium-intensity residential zone. Allowed housing includes larger multi-unit structures while also including a mix of lower intensity middle housing and detached housing. The RMF zone allows higher development intensity as compared to the R2 zone.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing
Educational/school
Park & open space
Jul 6, 2026 • Final
Commercial-industrial-multifamily building
Roofing
Jul 2, 2026 • Final
Electrical
Electrical
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.
Property details
Parking
Parking Information
Parking Features: Carport, Off Site
Interior
Basement Information
Basement Features: None
Heating & Cooling
Heating Information: Electric
Multi-Unit Information
# of Units (Total): 28
Unit Type 1 Information
# of Units: 14
# of Bathrooms: 1
# of Bedrooms: 1
Unit Type 2 Information
# of Units: 14
# of Bathrooms: 1
# of Bedrooms: 2
Exterior
Building Information
Construction Materials: Vinyl Siding
Roof: Composition Shingle
Property Features
Home or Community Amenities: Laundry
Property Information
Property Type: Residential Income
Property Sub Type: Rental
Has Additional Parcels
Lot Information
Lot Size Length: 136
Lot Size Acres: 1.26
Road Frontage Type: City Street, Paved Road
Utilities
Utility Information
High Speed Internet: Yes
Location
School Information
Elementary School District: Spokane Dist 81
Location Information
Address Search Number: 2707
Area: A210/047
Public facts
Beds: —
Baths: —
Sq. Ft.: 2,524
Stories: 2.0
Lot Size: 1.26 acres
Style: Multi-Family (5+ Unit)
Year Built: 1976
Year Renovated: 1976
County: Spokane County
APN: 35331.0308
Home facts updated by county records on Oct 14, 2026
Other
Listing Information
Class: Rental Income
FIPS: 53063
Lender Owned: No
Relocation Corporation Owned: No
Listing Date Information
First Photo Add Dt: 2022-09-17T00:03:25.4
Home Information
Structure Type: Two Story
Listing Office Information
SAR_LO1_BranchOfOrgID: 1041
Co-Listing Office Information
SAR_LO3_BranchOfOrgID: 1041
SAR_LO2_BranchOfOrgID: 1041
Around this home
Schools
Adams Elementary School
Public PreK-6 • Assigned • 0.4mi
6/10
Carla Peperzak Middle School
Public 6-8 • Assigned • 2.1mi
8/10
Ferris High School
Public 9-12 • Assigned • 0.5mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.46% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
13 unhealthy days expected this year, 16 days in 30 years
Provided by First Street
Historical weather
Spokane, WA • 99223
Average low and high temperatures (°F)
36
26
39
27
51
35
59
37
69
46
75
52
86
60
84
59
80
54
59
39
44
35
40
32
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.