$750,000

10003 E 9th Ave, Spokane Valley, WA 99206

  • 5,304 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1915
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $141/sqft
  • Property List Date Icon Listed 20 days ago

Property Description

Well-maintained and continuous upgrades made to this 7-unit apartment building in the heart of Spokane Valley. This property is offering stable cash flow and long-term investment potential. Cared for by the same family for many years and features a desirable unit mix of 2 bedrooms and 1 bedrooms units that have had significant upgrades—all currently occupied with a strong rental history. The property is generating approximately $6,820 in monthly rental income, while the pro forma supports a projected 6+% cap rate through simple market rent adjustments. A common laundry room in the basement provides additional income potential and added convenience for residents. Investors will appreciate the pride of ownership, low-maintenance operation, and the benefits of owning in Spokane Valley, including friendlier landlord regulations, lower utility costs, and consistently strong rental demand. A quality, turnkey asset with both dependable income and future upside.

Listing Status:
Active
Data Last Updated:
August 6, 2026 at 4:18AM
Listing Office:
The Hornberger Group, LLC : (509) 994-5007
Listing Agent:
Jeff Hornberger : (509) 994-5007
MLS ID:
202621077
  • Appliances: Free-Standing RangeDishwasherRefrigerator
  • Basement: PartialPartially FinishedLaundry
  • Heating: Ductless
  • Style: Other
  • Parking: None
  • Roofing: Composition
  • General: Three Story
  • Road/Access: City StreetPaved Road
  • HOA Amenities: Laundry
  • Originating MLS: sarmls
  • School District: Central Valley
  • County: Spokane
  • Zoning: 45204.0658
  • View: Territorial
  • Source: sarmls

This listing courtesy of Jeff Hornberger , The Hornberger Group, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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