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Located in the heart of Brownes Addition—one of Spokane’s most desirable and historic neighborhoods—this well-maintained asset offers a rare chance to capture immediate and long-term value. With rents currently 21% below market and potential for a 37% increase through renovations, the property presents strong upside. Recent capital improvements, including a new roof and updated electrical panels, reduce near-term maintenance risk. Walkable access to transit and an optional 56-unit portfolio acquisition—including The Oak and Espanola Annex—make this an exceptional opportunity for scale and stability in a supply-constrained submarket.

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Street Address: 155 S Oak Street

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City: Spokane

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State: Washington

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Postal Code: 99201

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County: Spokane

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MLS Number: 2373176

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Year Built: 1907

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Courtesy of Kidder Mathews

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