Map of Property

Espanola Annex

For Sale

1911 W 2nd Ave, Spokane, WA 99201

This Spokane property for sale is located at 1911 W 2nd Ave. The current listed sale price for Espanola Annex is $425,000. Espanola Annex is situated on a lot that is 0.13 acre in size.

Contacts

broker
Max Frame

Kidder Mathews

Property Details

  • 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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Getting around

  • 86/100

    Walk Score ®

  • 56/100

    Transit Score ®

  • 73/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Rosauers

    0.06 miles

  • Grocery Outlet

    0.22 miles

  • Huckleberry's Natural Market

    0.81 miles

  • Nordstrom

    0.84 miles

  • River Park Square

    0.90 miles

  • The Flour Mill

    1.15 miles

  • Main Market Coop

    1.35 miles

  • Logan Square

    1.82 miles

  • Safeway

    1.83 miles

  • Yoke's Fresh Marketplace

    2.50 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Max Frame

Kidder Mathews

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