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2923 N Hogan St Spokane, WA, United States 99207

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.

Amenities

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: Multifamily
  • Year Built: 1978
  • Built in 1978
  • Home size: 3,144 ft2 / 292.08 m2
  • MLS: 202420591
  • Status: Active

Property brokered by

Windermere Real Estate - Mountain West

(509) 468-9410

Presented by Jim Lister

  • (509) 747-1051 (Office Phone)

Contact Jim Lister

Contact Agent

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