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Carly Sweet

Engel & Völkers Western Frontier

carly.sweet@engelvoelkers.com +1(208) 786-0810

Listed by Kristina Carlson • eXp Realty, LLC Branch

$ 5,590,000

Est. payment -/mo

Save

Active

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

27,309 SqFt

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 $204

MLS Listing ID 202527879

Year Built 2021

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

SCHOOLSPROPERTIES

Elementary Schools 20

7

Sunrise Elementary School

Public | PK - 5
7

Opportunity Elementary School

Public | PK - 5
6

Ponderosa Elementary School

Public | PK - 5
6

Chester Elementary School

Public | PK - 5
6

South Pines Elementary School

Public | PK - 5
6

McDonald Elementary School

Public | PK - 5
6

Summit School

Public | KG - 8
6

Spokane Valley Learning Academy

Public | KG - 12
5

University Elementary School

Public | PK - 5
5

Ness Elementary School

Public | KG - 5
4

Adams Elementary School

Public | PK - 5
4

Progress Elementary School

Public | PK - 5
4

Trent School

Public | PK - 8
3

Broadway Elementary School

Public | PK - 5
0

Christ Beginnings Child Center

Private | PK - KG
0

The Oaks Academy

Private | KG - 12
0

Spokane Valley Adventist School

Private | KG - 8
0

Valley Christian School

Private | PK - 12
0

St Mary's Catholic School

Private | PK - 8
0

St John Vianney School

Private | PK - 8

Middle Schools 4

7

Evergreen Middle School

Public | 6 - 8
6

Horizon Middle School

Public | 6 - 8
5

North Pines Middle School

Public | 6 - 8
4

Bowdish Middle School

Public | 6 - 8

High Schools 5

4

University High School

Public | 9 - 12
0

Dishman Hills High School

Public | 9 - 12
0

Spokane Valley Tech

Public | 9 - 12
0

Independent Technical Real Access To College & Career High School

Public | 9 - 12
0

Barker Center

Public | 9 - 12

School and business data provided by Attom Data.

Carly Sweet

Designated Broker | License ID: DB55284 | 23010100

+1(208) 786-0810

Carly Sweet

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

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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12405-12409 E 3rd Ave