WA > Spokane Valley > 3Rd & Pines Apartments
Spokane Valley, WA 99216,12409 E 3rd Ave
Spokane Valley, WA 99216,12409 E 3rd Ave
Spokane Valley, WA 99216,12409 E 3rd Ave
Spokane Valley, WA 99216,12409 E 3rd Ave
Spokane Valley, WA 99216,12409 E 3rd Ave
Spokane Valley, WA 99216,12409 E 3rd Ave
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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787
Listed by Kristina Carlson • eXp Realty, LLC Branch
$ 2,875,000
Est. payment | /mo

16,146 SqFt

Save
$ 2,875,000
Est. payment | /mo
Save

16,146 SqFt

Key Details

Property Type Multi-Family

Sub Type Rental

Listing Status Active

Purchase Type For Sale

Square Footage 16,146 sqft

Price per Sqft $178

Subdivision 3Rd & Pines Apartments

MLS Listing ID 202524126

Style Contemporary

Year Built 2023

Lot Size 0.600 Acres

Lot Dimensions 0.6

Property Sub-Type Rental

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 2023, this low-maintenance property offers contemporary finishes, ample parking, and in-unit and common laundry facilities. Current rents are below market, providing a clear path to increased cash flow. Seller will pay the remaining balance of the sewer connection fee agreement at the time of sale and significantly boost cash flow for buyers. Seller might also benefit from a conversion to in-unit laundry for the five remaining units sharing a common laundry room. With its strong location, newer construction, and immediate value-add potential, this is a compelling multi-family investment.

Location

State WA

County Spokane

Rooms

Basement None

Interior

Heating Electric, Forced Air

Appliance Free-Standing Range, Dishwasher, Refrigerator

Exterior

Parking Features Off Site, None

Amenities Available Laundry, Storage, See Remarks

View Y/N true

Roof Type Composition

Total Parking Spaces 25

Building

Lot Description Level, City Bus (w/in 6 blks), Legal Non-Conforming

Story 3

Architectural Style Contemporary

Structure Type Masonite

Schools

Elementary Schools Broadway

Middle Schools North Pines

High Schools Central Valley

School District Central Valley

Others

Acceptable Financing Conventional, Cash, Commercial

Listing Terms Conventional, Cash, Commercial

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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787

Real Estate Firm | License ID: 17634

Real Estate Firm License ID: 17634

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