- – beds
- – baths
- 3,144 sqft
- 6,534 sqft lot
- $221 per sqft
- 1978 build
- – on site
The Hogan Apartments! Low-maintenance, value-add building with strong upside potential. The property includes six 1BD/1BA units, onsite laundry, and dedicated parking for each unit plus street parking. Competitive price point offered at $115,833/unit with a 6.34% cap rate, this asset outperforms market comps averaging $128,073/unit and a 6.07% cap rate. Stabilized Asset – With rents only 2.1% below market, this turnkey property is already cash flowing. Light renovations include: New flooring, paint, and windows across units, reducing upfront capital needs. Situated in the Logan neighborhood, residents benefit from quick access to Gonzaga Prep High School, Gonzaga University, Spokane Community College, Downtown Spokane, and major transit routes. Features like onsite laundry and dedicated parking for each unit boost tenant satisfaction and improve retention. Strong rental demand. The 1 BD/1BA layouts are ideal for singles, couples, & professionals, ensuring consistent occupancy and long-term stability.
Last checked:
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Last updated May 13, 2025
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MLS# 202420591 —
The Building
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Year Built:1978
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Construction Materials:Steel Frame, Vinyl Siding, Wood Siding
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Structure Type:Three Story
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Roof:Composition
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Basement:Finished
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Building Area Total:3144
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# of Units Total:6
Financial & Terms
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Listing Terms:See Remarks
The Property
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Property Type:Residential Income
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Property Subtype:Rental
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Road Frontage Type:City Street
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Lot Size SqFt:6,534 Sqft
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Lot Size Acres:0.15
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Parcel Number:35092.1002
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Living Area:3144
Listing Agent
- Contact info:
- Agent phone:
- (509) 216-2222
- Office phone:
- (15) 097-4710
Heating & Cooling
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Heating:Natural Gas
Schools
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Elementary School District:Spokane Dist 81
The Community
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Association Amenities:Laundry
Parking
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Parking Features:Shared Driveway
The information being provided by Spokane Association of REALTORS is for the consumer’s 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 information is deemed reliable but not guaranteed and should therefore be independently verified.
©2025 Spokane Association of REALTORS All rights reserved.
Based on information submitted to the MLS GRID. 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.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/5/25
May 5, 2025
|
Relisted | SARMLS | $695,000 | |
4/15/25
Apr 15, 2025
|
Pending | SARMLS | $695,000 | |
1/10/25
Jan 10, 2025
|
Relisted | SARMLS | $695,000 |