12405-12409 E 3rd Ave
Spokane, WA 99216
-- Bed
-- Bath
27,309 Sq Ft
4 Days on Market
For Sale $5,850,000
Save
Courtesy of eXp Realty, LLC Branch

Listing Agent & Comments

Kristina CarlsoneXp Realty, LLC Branch
kristina@carlsonhomegroup.com
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# SAR202521545 • Data provided by SAR as distributed by MLS Grid
Additional home details
Living Area27,309 Sq.Ft.
Lot Size1.2 Acres
Total Rooms--
Bedrooms--
Bathrooms--
Stories--
Year Built2020
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
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HouseCanary, Inc. Brokerage

12405-12409 E 3rd Ave., Spokane, WA 99216

Multifamily
-- Bed
-- Bath
27,309 Sq Ft
4 Days on Market

Listing Agent & Comments

Kristina CarlsoneXp Realty, LLC Branch
kristina@carlsonhomegroup.com
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# SAR202521545 • Data provided by SAR as distributed by MLS Grid
Additional home details
Living Area27,309 Sq.Ft.
Lot Size1.2 Acres
Total Rooms--
Bedrooms--
Bathrooms--
Stories--
Year Built2020
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
This property is missing data for:
Comparable properties, forecast, rental estimate, and sale history
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $5,850,000
Save
Courtesy of eXp Realty, LLC Branch
12405-12409 E 3rd Ave
Spokane, WA 99216
-- Bed
-- Bath
27,309 Sq Ft
4 Days on Market

Listing Agent & Comments

Kristina CarlsoneXp Realty, LLC Branch
kristina@carlsonhomegroup.com
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# SAR202521545 • Data provided by SAR as distributed by MLS Grid
Additional home details
Living Area27,309 Sq.Ft.
Lot Size1.2 Acres
Total Rooms--
Bedrooms--
Bathrooms--
Stories--
Year Built2020
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
This property is missing data for:
Comparable properties, forecast, rental estimate, and sale history
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $5,850,000
Save
Courtesy of eXp Realty, LLC Branch