$2,715,000
Joey Costello
Windermere North Spokane
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About This Home
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.
Property Details
Property Type
Residential Income
Year Built
2023
Subdivision
3rd & Pines Apartments
County
Spokane
Lot Size
0.6 acres
Living Area
16,146 sqft
Price / Sqft
$168
Total Parking
25 spaces
Schools
Elementary: Central Valley, Middle: North Pines, High: Central Valley
Days on Market
271 days
MLS #
SAR202527878
Parcel #
45222.1102
Total Building Area
16,146 sqft
MLS Area
A110/078
MLS Class
Rental Income
Listing Terms
Conventional, Cash, Commercial
Road Frontage
City Street, Private Road
Street Direction
E
Listed On
Dec 22, 2025
Status Changed
Mar 19, 2026
Last MLS Update
Mar 19, 2026
MLS Branch
1069
School Information
Elementary
Central Valley
Middle School
North Pines
High School
Central Valley
Home Features & Details
Architectural Style
Construction
Structure Type
Roof
Basement
Heating
Appliances
Parking
Lot Features
Listed By
Kristina Carlson
eXp Realty, LLC Branch
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
Estimated Monthly Payment
$14,706/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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