12405-12409 E 3rd Ave, Spokane Valley, WA 99216 - MLS#202521545

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John Graham

john@thelegacygrouprealestate.com +1(509) 922-7355

Listed by Kristina Carlson • eXp Realty, LLC Branch

$5,850,000

Est. payment - /mo

27,309 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Rental

Listing Status Active

Purchase Type For Sale

Square Footage 27,309 sqft

Price per Sqft $214

MLS Listing ID 202521545

Year Built 2020

Lot Size 1.190 Acres

Lot Dimensions 1.19

Property Sub-Type Rental

Property Description

Discover a rare offering of two modern apartment buildings in Spokane Valley's Opportunity Neighborhood, ideally located near schools, shopping, dining, parks, and the Appleway Trail. Built in 2021 and 2023, these low-maintenance properties total 26 units- 22 spacious 3 bed/2 bath and four 1 bed/1 bath apartments with 40+ parking spaces and contemporary finishes throughout. Each building features common laundry facilities and in-unit washers/dryers in select apartments, with potential to boost income by adding in-unit laundry to 14+ units. Current rents are below market, providing a clear path for increased cash flow. Zoning is MFR, and both parcels sit on over 25,000 SF each. Additional features includes reduced expenses through utility billing conversion. Strong location, new construction, and immediate value-add potential make this a compelling multi-family investment.

Location

State WA

County Spokane

Rooms

Basement None

Interior

Heating Electric, Forced Air

Appliance Free-Standing Range, Dishwasher, Refrigerator

Exterior

Parking Features Off Site, None

Amenities Available Laundry, Storage, See Remarks

View Y/N true

Roof Type Composition

Total Parking Spaces 50

Building

Lot Description Level, City Bus (w/in 6 blks), Surveyed

Structure Type Masonite

Schools

Elementary Schools Broadway

Middle Schools North Pines

High Schools Central Valley

School District Central Valley

Others

Acceptable Financing Conventional, Cash, Commercial, See Remarks

Listing Terms Conventional, Cash, Commercial, See Remarks

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John Graham

+1(509) 922-7355

CEO | License ID: 110958

CEO License ID: 110958

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12405-12409 E 3rd Ave Spokane Valley, WA 99216

John Graham

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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