12405-12409 E 3rd Ave Active Save Request In-Person Tour Request Virtual Tour
Spokane Valley,WA 99216
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