BEDS0
BATHS
SQUARE FEET27,309
MLS#202527879
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCentral Valley
Property Description
Discover a rare offering of two modern apartment buildings in Spokane Valleys 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Lot Size: 1.19 Acres
Roof Type: Composition
Year Built: 2021
Feature Descriptions
Association Amenities: Laundry, Storage, See Remarks
Days on Site: 72
Exterior: Masonite
Heating/Cooling: Electric, Forced Air
Lot: Level, City Bus (w/in 6 blks), Surveyed
Parcel#: 45222.1101
Parking: Off Site, None
Parking Space(s): 50
SQ. FT. Total: 27309
Local Schools
High School: Central Valley
Middle School: North Pines
Elementary School: Broadway
School District: Central Valley
Listed By / Shown By
Listed By
Agency Name: eXp Realty, LLC Branch
Shown By
Agent Name: Julie Kuhlmann
Agent Phone: (509) 216-1182
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 14,071.33 per month $12,440.92 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,630.42 Homeowner's InsuranceChange Payment Information
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Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated.
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Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated.
Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. ©2020 of the Spokane Association of REALTORS® MLS. All rights reserved.
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12405-12409 E 3rd Ave | MLS# 202527879
This multi-family property located at 12405-12409 E 3rd Ave, Spokane Valley, WA 99216 is currently listed for sale with an asking price of $5,590,000. 12405-12409 E 3rd Ave is located within the Central Valley school district. Search Spokane Valley real estate on www.spokanehomegirl.com today.