Map of Property

Espanola Annex

1911 W 2nd Ave, Spokane, WA 99201

  • For Sale $425,000
  • Property Type Multi-Family
  • Property Size 2,214 SF
  • Units 4
  • Lot Size 0.13 Acre
  • Taxes / YR $3,769.00
  • Year Built 1900
  • Date Updated Jun 23, 2025

Well-maintained, prime value-add opportunity. With the ability to acquire residential financing as an owner-user operator, investors can benefit from more favorable loan terms while capitalizing on a 28% rent increase as-is and up to 43% through renovations. Major system upgrades—including updated electrical panels, roof, and furnace—limit near-term capital expenditures. Located in one of Spokane’s most desirable neighborhoods, the property features ample on-site parking, excellent transit access, and potential for future development. Buyers can also scale their investment by acquiring the adjacent Oak and Espanola Annex properties, creating a unique 56-unit portfolio opportunity.

 

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Contacts

broker
Max Frame Is this you?

Kidder Mathews

Location

Getting Around

  • Walk Score ®

    86/100 Very Walkable

  • Transit Score ®

    56/100 Good Transit

  • Bike Score ®

    73/100 Very Bikeable
Powered by Walk Score ®
  • City Spokane, WA
  • Neighborhood Brownes Addition
  • Zip Code 99201
  • Market Spokane

Points of Interest

  • Conoco

    0.23 miles

  • Chevron

    0.26 miles

  • 76

    0.27 miles

  • Sunset Food Mart

    0.60 miles

  • Nomnom

    0.64 miles

  • Bong's

    0.97 miles

  • Tesla Destination Charger - Hampton Inn Spokane

    2.08 miles

  • ChargePoint

    3.29 miles

  • Jefferson Park and Ride

    0.43 miles

  • M Lot

    0.59 miles

  • Davenport Hotel Parking Garage

    0.79 miles

  • Parkade

    1.01 miles

  • Parkrite

    1.03 miles

  • City Ramp Garage

    1.03 miles

  • Diamond Parking

    1.03 miles

  • Boone Avenue Retail Center (BARC)

    2.24 miles

  • Tiki Lodge Spokane

    0.36 miles

  • Otis Hotel

    0.59 miles

  • West Wynn Motel

    0.65 miles

  • The Montvale Hotel

    0.66 miles

  • Spokane Club Inn

    0.72 miles

  • Baymont

    0.72 miles

  • Hotel Ruby

    0.73 miles

  • The Historic Davenport, Autograph Collection

    0.78 miles

  • Boulevard Motel

    0.79 miles

  • The Davenport Lusso, Autograph Collection

    0.82 miles

  • El Que

    0.07 miles

  • Italia Trattoria

    0.08 miles

  • The Elk Public House

    0.08 miles

  • Lucky You Lounge

    0.10 miles

  • Browne’s Bistro

    0.11 miles

  • Ming Wah

    0.21 miles

  • Frank's Diner

    0.30 miles

  • Pizza Hut

    0.33 miles

  • Subway

    0.34 miles

  • Jenny's Diner

    0.35 miles

  • TEC at Bryant

    0.80 miles

  • Lumen High School

    0.87 miles

  • Lewis and Clark High School

    1.01 miles

  • Holmes Elementary School

    1.13 miles

  • Bancroft School

    1.36 miles

  • Roosevelt Elementary School

    1.40 miles

  • Dynamic Christian Academy

    1.41 miles

  • Cataldo Catholic School

    1.47 miles

  • Spokane Public Montessori

    1.58 miles

  • WSU Health Sciences Spokane Campus

    1.60 miles

  • GLOW Children Early Learning Center

    0.86 miles

  • Head Start

    0.99 miles

  • Kids First Children's Center

    1.52 miles

  • Journey Discovery Center

    1.54 miles

  • Crayon College

    2.08 miles

  • Little Rascals Children's Center

    2.22 miles

  • Giggling Guest Child Care Center

    2.67 miles

  • Logan / Lidgerwood Head Start

    3.36 miles

  • Where Little People Grow

    3.68 miles

  • Planet Kids Childcare Center

    3.72 miles

Frequently Asked Questions

How much does Espanola Annex cost?

The space currently listed for sale at Espanola Annex asks for $425,000.

What is the total square footage of Espanola Annex?

Espanola Annex totals 2,214 square feet.

When was this property built?

Espanola Annex was built in 1900.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Max Frame Is this you?

Kidder Mathews

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