12405 E 3rd Ave, Spokane Valley, WA 99216
- 16,088 sqft
Multi-Family Home 
Built in 2021 
0.6acre lot
—— car garage 
$168/sqft 
Listed 5 months ago
Property 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.
- Listing Status:
- Active
- Data Last Updated:
- May 23, 2026 at 7:18PM
- Listing Office:
- eXp Realty, LLC Branch : 509-596-9520
- Listing Agent:
- Kristina Carlson : 509-596-9520
- MLS ID:
- 202527877
- Style: Contemporary
- Parking: Off SiteNoneParking spaces: 25
- Roofing: Composition
- General: High-Rise
- Road/Access: City StreetPrivate Road
- HOA Amenities: LaundryStorageSee Remarks
- Originating MLS: sarmls
- School District: Central Valley
- County: Spokane
- Zoning: 45222.1101
- Source: sarmls
This listing courtesy of Kristina Carlson , eXp Realty, LLC Branch
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
