For sale

$4,250,000

Est. $26,087/mo —

•

29 ba

•

42,500

sq ft

507 S Howard St, Spokane, WA 99204

About this home

Prime mixed-use property in Spokane’s sought-after South Hill neighborhood. The building features 1,015 sqft retail space with a coffee tenant in place with five years left on the lease and twenty-nine apartments above. Located in an Opportunity Zone, the property offers valuable tax benefits and strong income potential. The unit mix includes eighteen one-bedroom and eleven two-bedroom apartments, all with spacious layouts and quality finishes. Rent upside of 10%-20% provides additional growth potential. A solid investment opportunity in a high-demand location close to downtown, shopping, and dining.

Multi-familyProperty Type

1912Year Built

0.33 acresLot Size

$100Price/Sq.Ft.

Listed by Derek Raivio • LT Real Estate

Listing updated: Jun 23, 2026 at 02:15pm

Redfin checked: a minute ago

•Source:SPOKANEMLS as Distributed by MLS Grid #202526824

Payment calculator

$26,087 per month

Principal and interest$23,483

Property taxes

$2,037

HOA dues

Home insurance

$567

Utilities

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Around this home

Schools

K - 12
Preschool & daycare

Roosevelt Elementary School

Public PreK-6 • Assigned • 0.7mi

7/10

Sacajawea Middle School

Public 6-8 • Assigned • 1.9mi

9/10

Lewis & Clark High School

Public 9-12 • Assigned • 0.1mi

8/10

Provided by GreatSchools

About

Cliff-Cannon

Cliff-Cannon, located between Downtown Spokane and the South Hill, is a historic and hillside Spokane neighborhood with steep basalt bluffs and a patchwork of brick apartments. The neighborhood’s character concentrates around W 2nd Ave and S Cedar St, where hospital-campus energy meets corner cafes, small eateries, and steady foot traffic. Sacred Heart Medical Center and Deaconess Hospital anchor daily rhythms, while the Bing Crosby Theater and the Fox Theater set a classic marquee tone nearby. Early-1900s homes, courtyard buildings, and view streets define the architecture. Stairways and switchback roads shape how blocks connect. Parks and overlooks add breathing room above the city grid.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Unfinished basement with laundry area
Laundry amenity available for the community

Bedrooms
Eighteen 1-bedroom units
Eleven 2-bedroom units
One additional unit (type not specified)

Bathrooms
Most units have 1 bathroom

Kitchen
No specific kitchen appliance details provided

Laundry & utility
On-site laundry (basement and community laundry)

Heating & cooling
Electric baseboard heating

Sale and tax history for 507 S Howard St

Sale History
Tax History

Date

Event

Price

SPOKANEMLS as Distributed by MLS Grid #202526824

Dec 11, 2025

Price Changed

$4,250,000

$100/sq ft

Nov 14, 2025

Listed

$4,500,000

$106/sq ft

Public Records

Mar 30, 2018

Sold

$2,705,500

$64/sq ft

SPOKANEMLS as Distributed by MLS Grid #201724871

Apr 2, 2018

Sold

$2,710,000

$64/sq ft

Mar 20, 2018

Listing Removed

—

Sep 21, 2017

Listed

$2,999,000

$71/sq ft

+15

Built in 1911, the Knickerbocker Apartments is a large, 30 unit residential multi-family apartment building located in the center of a busy health center & medical community in Spokane, Washington. The property is a steel-reinforced, three-story building clad in red face brick with black mortar and is opulently embellished in fine, crème-colored, glazed terra cotta with Beaux Arts-style influence. The apartment building is designed in the shape of an “H” with a center courtyard at the front of the building.

Public Records

Oct 1, 1990

Sold

$450,000

$11/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$24,445 (−13.4%)

$314,270 + $3,729,130

$4,043,400

2025

$28,223 (+5.8%)

$314,270 + $3,729,130

$4,043,400

2024

$26,668 (+13.0%)

$314,270 + $3,637,030

$3,951,300

2023

$23,608 (−14.2%)

$314,270 + $3,297,430

$3,611,700

2022

$27,501 (−5.8%)

$314,270 + $2,415,230

$2,729,500

2021

$29,205 (+11.4%)

$314,270 + $2,520,430

$2,834,700

2020

$26,207 (+4.6%)

$185,710 + $2,315,390

$2,501,100

2019

$25,056 (+318.4%)

$185,710 + $2,286,500

$2,472,210

2018

$5,989 (+25.8%)

$185,710 + $535,100

$720,810

2017

$4,761 (−51.6%)

$185,710 + $535,100

$720,810

2016

$9,830 (+9.0%)

$185,710 + $519,500

$705,210

2015

$9,016

$185,710 + $447,100

$632,810

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

0.33 Acres

Year renovated

1912

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

31,900

Year built

1912

Style

Multi-Family (5+ Unit)

County

Spokane County

APN

35191.4301

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 14, 2026.

OR-150

Office Retail Zone

The office retail zoning category is located in areas designated office on the land use plan map of the comprehensive plan that are within the higher intensity office areas around downtown Spokane in the North Bank and Medical Districts shown in the Downtown Plan. The office retail zone is also applied to sites outside of the areas designated for higher intensity office use that are already developed with higher intensity retail and services uses. It is intended to be a higher intensity office zone that allows for larger scale offices and supporting retail and service uses. The size of retail uses is limited to reduce detrimental impacts on nearby residential uses and to assure that the commercial uses are supporting rather than primary uses.

Permitted uses

Include but are not limited to:

Community / recreation center
Religious facility
Day care facility
Hospital / medical center
Housing
Infrastructure
Office
Educational/school
Park & open space

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

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 • 99204

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

72/ 100

Good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.4 hrs

2.7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 507 S Howard St

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Details provided by SPOKANEMLS as Distributed by MLS Grid and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Property details

Sale and tax history for 507 S Howard St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 507 S Howard St

Nearby similar homes

New listings for sale in 99204

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