What is the asking price for The Howard Building?

The lease rate for space here is $1,800,000.

What is the total size of The Howard Building?

The property has a total square footage of 20,634 SF.

When was this property built?

The Howard Building was built in 1908.

How many parking spaces are available at The Howard Building?

Parking information for the property isn't currently listed. However, other nearby parking options include Davenport Hotel Parking Garage, located 0.21 miles away , and City Ramp Garage, which is 0.24 miles away.

224 S Howard St, Spokane, WA 99201

For Sale $1,800,000
Property Type Multi-Family
Property Size 20,634 SF
Units 42
Lot Size 0.1 Acre
Building Class A
Year Built 1908
Date Updated Oct 6, 2026

Description

SVN Cornerstone is pleased to present the Howard Building for sale located at 224 S Howard St in Downtown Spokane. The Howard Building consists of 40 apartment units, 2 retail suites (one occupied by The Blessed Express Barbershop and one vacant), shared laundry facilities for the tenants, a communal gathering area for tenants, and a basement with value add opportunity for additional use.

Highlights

Attractive Assumable Loan - Seller financing available through an assumable note at 4.65% interest-only with maturity in January 2028, plus an option to extend for 24 months.
Diverse Income Stream - The property features 40 apartment units and 2 ground floor retail suites, providing a balanced mix of residential and commercial revenue.
Resident Amenities - Tenants enjoy shared laundry facilities, a communal gathering space, and enhanced building security, all in a central Downtown Spokane location with walkable access to restaurants, shopping, entertainment, nearby third party parking, and transit.
Significant Capital Improvements - Ownership has completed extensive upgrades, including fresh interior paint, new flooring, updated bathrooms, new light fixtures, and partial furnishings.
Value-Add Potential - Opportunities include leasing the vacant retail suite, activating underutilized basement space, and further optimizing operations for increased NOI.