Description
Discover a rare opportunity to own a modern Spokane Valley apartment building featuring 11 3-bed bed/2-bath apartments and two 1-bed/1-bath apartments. Ideally located near schools, shopping, dining, parks, and bordering the Appleway Trail, buyers have several paths to increase income through rent increases, laundry conversion, and utility fee payoff. Built in 2021, this low-maintenance property offers contemporary finishes and ample parking. Current rents are below market, providing a clear path to increased cash flow. Seller will pay remaining balance of sewer connection fee agreement at time of sale and significantly boost cash flow for buyers. Seller might also benefit from a conversion to in-unit laundry. With its strong location, newer construction, and immediate value-add potential, this is a compelling multi-family investment.
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0BEDS
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0.6ACRES
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0BATHS
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01/2 BATHS
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16,088SQFT
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$176$/SQFT
School Information
Description
Discover a rare opportunity to own a modern Spokane Valley apartment building featuring 11 3-bed bed/2-bath apartments and two 1-bed/1-bath apartments. Ideally located near schools, shopping, dining, parks, and bordering the Appleway Trail, buyers have several paths to increase income through rent increases, laundry conversion, and utility fee payoff. Built in 2021, this low-maintenance property offers contemporary finishes and ample parking. Current rents are below market, providing a clear path to increased cash flow. Seller will pay remaining balance of sewer connection fee agreement at time of sale and significantly boost cash flow for buyers. Seller might also benefit from a conversion to in-unit laundry. With its strong location, newer construction, and immediate value-add potential, this is a compelling multi-family investment.
© 2025 of Spokane Association of REALTORS® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2025-11-17T00:20:34.707.