Active
11 beds10 baths6,164 sqft
1927 W Riverside Ave, Spokane, WA 99201
Est: $6,931/moGet pre-approved
Multi FamilyProperty Type
0.12 acresLot Size
1900Year Built
$195/sq ftPrice per sq ft

Description

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,...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.
1 day on Market
Cumulative days on Market: 1
  • Listed by: Peter Clark 509.943.0400 peter@multifamilymason.com • The Paragon Group
Last updated: 09/22/2026 11:59 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 2585554

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Location

Listing Courtesy of The Paragon Group
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$6,931 per month

30 year fixed, 6.71% Interest

Principal and Interest

$6,201

Property Taxes

$730

HOA Dues

$0

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Property Information for 1927 West Riverside Avenue

Property Details
  • Taxes: $8,757 / year
  • MLS Type: Residential Income
  • Community Name: Spokane
  • School District: Spokane
  • View: City
  • Number of Assigned Spaces: 0
  • Total Covered Parking: 0
  • Entry Date: 09-22-2026
  • Energy Source: Electric
  • Sewer: Sewer Connected
Building Information
  • Stories: 4
  • Residences: 10
  • Year Built: 1900
  • Lot Size: 0.12 AC / 5,350 SF
Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 561 - Spokane County
  • Elementary School: Roosevelt Elementary
  • Middle Or Junior School: Sacajawea Mid
  • High School: Lewis & Clark High
  • Effective Year Built Source: Public Records
  • Directions: From North Walnut Street head west on W Riverside Ave and the property is on the south side of W Riverside
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Cooling: Yes
  • Cooling: Window Unit(s)
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Furnace
  • FIRPTA: No
Exterior Features
  • Exterior: Stucco
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 10724
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Block, Poured Concrete
  • Zoning Remarks: Multi-Family,Residential
  • First Right Of Refusal: false
  • Possible Use: Multi-Family, Residential
  • MLS Square Footage Source: Spokane County
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1900
  • Photos Count: 26
Lot Information
  • Lot Size Source: Spokane County
  • Parcel Number Free Text: 25241.0504
  • Building Condition: Average
  • Calculated Square Footage: 6164
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 6164.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 0
  • Number of Stories in Building: 4
  • Vacancy Rate: 0
  • Number Of Units Total: 10
  • Units Below Grade: true
  • Units In Building Total: 10
Financing / Income and Expenses
  • Electric Expense: $4,765
  • Total Expenses: 57665
  • Gross Adjusted Income: 124974
  • Gross Rent Multiplier: 9.6
  • Gross Scheduled Income: $124,974
  • Insurance Expense: $5,840
  • Net Operating Income: $67,309
  • Other Expenses: $27,579
  • Total Monthly Income: 10358
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Square Feet Unit 1: 600
  • Rent Unit 1: $950.00
  • Bedrooms Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Square Feet Unit 2: 600
  • Rent Unit 2: $1,000.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 4
  • Square Feet Unit 3: 600
  • Rent Unit 3: $850.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 6
  • Square Feet Unit 4: 600
  • Rent Unit 4: $1,200.00
  • Bedrooms Unit 4: 2
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 7
  • Square Feet Unit 5: 600
  • Rent Unit 5: $975.00
  • Bedrooms Unit 5: 1
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 8
  • Square Feet Unit 6: 600
  • Rent Unit 6: $850.00
  • Bedrooms Unit 6: 1
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 9
  • Square Feet Unit 7: 600
  • Rent Unit 7: $850.00
  • Bedrooms Unit 7: 1
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 10
  • Square Feet Unit 8: 600
  • Rent Unit 8: $.00
  • Bedrooms Unit 8: 1
  • Bathrooms Unit 8: 1
Unit 9
  • Name Unit 9: 11
  • Square Feet Unit 9: 600
  • Rent Unit 9: $.00
  • Bedrooms Unit 9: 1
  • Bathrooms Unit 9: 1
Unit 10
  • Name Unit 10: AB&B
  • Square Feet Unit 10: 600
  • Rent Unit 10: $3,583.00
  • Bedrooms Unit 10: 2
  • Bathrooms Unit 10: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 6000.0

Property History for 1927 West Riverside Avenue

DateEvent & SourcePriceAppreciation
Sep 22, 2026

Listed (Active)

NWMLS #2585554

$1,200,000
Dec 6, 2025

Expired

SPOKANEMLS #202426288

$1,280,000
Oct 21, 2025

Temporarily Off Market

SPOKANEMLS #23015909

DateEvent & SourcePrice
09/22/2026

Listed (Active)

NWMLS #2585554

$1,200,000
12/06/2025

Expired

SPOKANEMLS #202426288

$1,280,000
10/21/2025

Temporarily Off Market

SPOKANEMLS #23015909

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1927 West Riverside Avenue

Taxable ValueLand$53,500Additions$856,700Total$910,200
Tax Record2026$8,757 ($730 / month)
Home Facts
Baths11Total Finished SqFt5,864 SqFtAbove Ground SqFt5,864 SqFtStories3Lot Size5,350 SqFtStyleMulti-Family Res (5+ Units)Year Built1900Year Renovated1996ZoningRHDCountySPOKANEAPN25241.0504

Schools near 1927 West Riverside Avenue

This home is within Spokane School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Roosevelt Elementary School
PublicPK to 6

Sacajawea Middle School
Public6 to 8

Lewis & Clark High School
Public9 to 12

Bryant Center
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1927 West Riverside Avenue is a multi-family home for sale in Spokane, WA 99201. This property was listed for sale on September 22, 2026 by The Paragon Group, it's currently listed at $1,200,000. It has been on the market for a total of 1 days and was last sold on December 14, 2012. This listing's school district is Spokane School District. Nearby schools include Roosevelt Elementary School, Sacajawea Middle School and Lewis & Clark High School. 1927 West Riverside Avenue is a 11-bed, 10-bath, 6,164 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Paragon Group

Based on information submitted to the MLS GRID as of 09/22/2026 11:59 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.