SEATTLE, WA – Fourth Avenue Capital (FAC) acquired Village on Broadway, a 148-unit Class B workforce housing community located in Spokane Valley, Washington. The acquisition expands FAC’s portfolio to 26 properties, including three others in the Spokane–Coeur d’Alene MSA.
Built in 1996, Village on Broadway sits on 7.3 acres and consists of 148 apartment homes across 13 residential buildings and a standalone leasing office. The community offers a diverse mix of one-, two-, and three-bedroom floorplans, averaging 926 square feet per unit. Residents benefit from multiple parking options, including 270 total spaces—featuring one carport per unit, as well as garage and surface parking.
Each apartment includes full-size washers and dryers, air conditioning, and built-in desks—a rare and differentiating feature for properties of this vintage, particularly attractive to residents working from home…