1. Washington
2. Spokane
3. 2923 N Hogan St

2923 N Hogan St, Spokane, WA 99207

• 3,144 sqft

Property Description

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.

Listing Status:

Active

Listing Office:

Windermere Manito, LLC : (509) 216-2222

Listing Agent:

Jim Lister : (509) 216-2222

MLS ID:

202420591

Interior

• Basement: Finished
• Heating: Natural Gas

Exterior

Construction

Location

Lot

Financial

This listing courtesy of Jim Lister, Windermere Manito, LLC