176 S Howard Street, Spokane, WA 99201

$2,100,000
7,263
SqFt

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Listing courtesy of Kidder Mathews.

List Price
$2,100,000
Status
ACTIVE
MLS#
2541142
Days on Market
41
Style
56 - 10+ Units
Building Condition
Good
Finished SqFt
7,263
Area Total SqFt
7263
Lot Size (sq ft)
5,360

Property Description

The Metropole is a fully renovated, historic mixed-use property in the heart of Downtown Spokane featuring 16 residential units and 4 ground-floor commercial suites. Renovated in 2007 with upgraded plumbing, electrical, heating, and major systems, the asset offers stable in-place income with immediate upside through rent growth and operational improvements. Ideally located near Spokane’s hospital district, downtown employers, Riverfront Park, WSU Spokane, and Gonzaga University, Metropole provides investors with a well-located, character-rich asset in one of Eastern Washington’s strongest rental markets.

Additional Information

List Date
2026-06-16 21:28:13
Community
Spokane
Net Operating Income
$119,456
Gross Adjusted Income
$227,660
Gross Scheduled Income
$176,825
Total Monthly Income
$19,880
Insurance Expenses
$15,994
Water/Sewer/Garbage Expenses
$5,839
Gross Rent Multiplier
17
Total Expenses
$108,204
Cap Rate
5.7
Vacancy Rate
5
Total Number of Units
3
Unit Name
176
Potential Terms
Cash
Year Built
1901
Roof
Flat
Electric Expenses
5839
Other Expenses
53388
Energy Source
Electric
School District
Spokane
Total Monthly Income
$19,880
Gross Scheduled Income
$176,825
Vacancy Rate
5
Gross Adjusted Income
$227,660
Tax Year
2026
Insurance Expense
$15,994
W/S/G Expenses
$5,839
Total Expenses
$108,204
Net Operating Income
$119,456
Gross Rent Multiplier
17
Cap Rate
5.7
Based on information submitted to the MLS GRID as of . 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.

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