205 S Elizabeth Rd, Spokane Valley, WA 99212

• 2,496 sqft

Property Description

Well-maintained 5-unit investment opportunity in Spokane Valley featuring four 1 bed / 1 bath units and one 2 bed / 1 bath unit with in-unit laundry. The remaining units are supported by a convenient on-site coin-operated laundry, providing additional income potential. Units have been updated over the years, and major capital expenditures have already been addressed, roof, siding, and windows—offering a more predictable, low-maintenance investment profile. Financially, the property has demonstrated consistent performance with ~$52,900 in trailing 12-month gross income. Current rents range from approximately $795 to $1,095, with additional income from utilities and laundry. The unit mix provides strong demand stability, while the Valley location continues to support long-term rental growth. This is a solid, turn-key asset for investors seeking reliable cash flow, reduced capital expenditure risk, and upside through re

Listing Status:

Active

Data Last Updated:

May 30, 2026 at 7:18AM

Listing Office:

The Hornberger Group, LLC : (509) 994-5007

Listing Agent:

Jeff Hornberger : (509) 994-5007

MLS ID:

202617225

Interior

• Appliances: Free-Standing RangeDishwasherRefrigerator
• Basement: Crawl Space
• Heating: ElectricDuctless

Exterior

• Style: Ranch
• Parking: None

Construction

• Roofing: Composition
• Windows: Vinyl Frames
• General: One Story

Location

• Road/Access: City StreetPaved Road
• HOA Amenities: Laundry
• Originating MLS: sarmls
• School District: Spokane Dist 81
• County: Spokane

Lot

• Zoning: 35241.1903
• View: Territorial

Financial

• Source: sarmls