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3/20/26
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River Court Apartments, a 21-unit complex in Spokane, WA, has sold for $2.325 mil ($110.7k/unit). The property consists primarily of two-bedroom units with an average size of 845 sf. Amenities include a full-sized sports court, covered parking, spacious decks, and air conditioning.
Located at 3001 E. Upriver Dr, along the Spokane River in the desirable Minnehaha neighborhood, River Court Apartments was built in 1979 and has been well-maintained, presenting a value-add opportunity for investors
Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team, based at the firm’s Seattle headquarters, represented the seller in the deal.
“River Court Apartments offer a strong value-add opportunity, with rent projected to grow roughly 14% as-is and up to 24% with renovations,” said Frame. “Additional land on the site creates a clear path for future development, further increasing long-term returns.”
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