Number of Units:   6
Units Below Grade:   1
Vacancy Rate:   5.00

Financial
Electrical Expenses:   $15,658
Water/Sewer/Garbage:   $15,658
Insurance Expenses:   $8,752
Other Expenses:   $86,294
Total Expeses:   $172,760
Total Monthly Income:   $30,070
Net Operating Income:   $204,407
Gross Adjusted Income:   $377,167
Gross Scheduled Income:   $397,018
Cap Rate (NOI / Listing Price):   $6.10
Gross Rent Multiplier:   $8.00

Year Built:   1907
Effective Year Built:   1907
Effective Year Built Source:   Public Records
Building Condition:   Good
Number of Stories:   3
Amenities:   Coin Op Laundry
Roof:   Composition
Exterior:   Stucco
Floor Covering:   See Remarks
Foundation:   See Remarks
Approx. Sq Ft:   27,224
Leased Items:   Washer/Dryer

Lot Size:   10,000 Sq Ft
Lot Size Source:   County Assessor

Utilities
Energy Source:   Electric
Power Company:   Avista
Sewer Company:   City of Spokane
Water Company:   City of Spokane
Water Source:   Community

Address:   155 S Oak Street, Spokane, WA 99201
City:   Spokane
State:   
Zip Code:   99201
Latitude:   47.65471900
Longitude:   -117.43820800
Driving Directions:   155 S Oak St, Spokane

Community Name:   Spokane
School District:   Spokane

County:   Spokane
Tax Number:   25241.1607
Zoning Jurisdiction:   City
Tax Amount:   $30,740   Tax amount may change after sale.
Tax Year:   2025

Listing Price:   $3,350,000
Potential Terms:   Cash Out, Conventional
3rd Party Approval Required:   None
Possession Allowed:   Closing
Preliminary Title Ordered:   Yes

Listing Number:   2373176
Listing Status:   Contingent
Listing Office:   Kidder Mathews
Listing Date:   2025-05-08
Contingent Date:   2025-07-18
MLS Area:   Spokane County
Square Footage Source:   County Assessor
Lot Size Source:   County Assessor
Marketing Remarks:   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.

The information contained in this listing has not been verified by Katz Realty, Inc. and should be verified by the buyer.
* Cumulative days on market are days since current listing date.