USAWASpokane Valley12409-12405-12409 E 3Rd Ave
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12409-12405-12409 E 3rd Ave, Spokane Valley, WA

Real Estate

For Sale

Listed price in listed location currency (USD).
$5,590,000

0050

MLS® 202527879

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 27309 sqft
Garage No
HOA Fees 
Taxes 
Days Active 0
Approx. Age 2021
Avg. Price Per Sqft $204
MLS® Number 202527879

Property Address: 12409-12405-12409 E 3rd Ave, Spokane Valley, WA, 99216-0703

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number202527879
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2021
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 22, 2025List Date
$5,590,000List Price
  • Commute

Commute

Starting Address
Destination Address
12405-12409 E 3 Rd Ave, Spokane Valley, WA

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