- For Sale $2,250,000/SF
- Property Type Multi-Family
- Property Size 7,528 SF
- Units 8
- Lot Size 0.36 Acre
- Cap Rate % 5.66
- # of Floors 2
- Parking Spaces Avail. 8
- Parking Ratio 1.06 / 1,000 SF
- Year Built 2011
- Date Updated Apr 2, 2026
Description
Executive Housing | Short Term Rental Opportunity
Montrose on the Park presents a short term rental opportunity to provide significant rental upside immediately, a rare asset in Spokane’s premier South Hill neighborhood. Currently operating as a fully leased long-term rental income property with below market rents. Located directly across from Manito Park, this four-building community, built in 2011, spans ±7,528 square feet on a ±0.36-acre parcel and includes covered parking for residents. Each of the eight thoughtfully designed units features in-suite laundry, contemporary finishes, and efficient layouts that appeal to quality-conscious renters. Situated just minutes from Spokane’s Medical District and Downtown core, the property’s
location also positions it as an exceptional candidate for short-term or medium-term rental conversion, catering to the robust sports tourism, traveling medical professionals, visiting faculty, and hospital staff seeking furnished housing close to major healthcare employers.
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Contacts
Kiemle Hagood
Kiemle Hagood
