$8,975,000
Spokane Valley, WA 99016
MLS# 26-9260
1500 sqft
1 / 34
Property Description
This rare opportunity features a portfolio of 12 recently constructed duplexes in Spokane Valley, offering investors immediate scale, strong in-place income, and minimal deferred maintenance. The portfolio totals 24 spacious 3-bedroom, 2-bathroom units, each designed for long-term tenant appeal and operational efficiency. Units are finished with durable LVP flooring, stainless steel appliances, in-unit laundry, and separate attached garages for each unit, supporting strong tenant retention and consistent leasing performance. The portfolio boasts a proven rental history and is currently 95.5% occupied, generating approximately $56,492 in monthly rental income. This offering provides a turnkey investment with stable cash flow, modern construction, and long-term upside in one of Spokane Valley's most resilient rental markets. Ideal for investors seeking scale, predictability, and low-maintenance assets with strong fundamentals and future growth potential.
Details
Maps
Contract Information
Status: Active
Listing Type: Multi Family
Area: Washington Counties
Neighborhood Grid #: 700
Begin Date: 2026-09-10
List Price: $8,975,000
Short Sale: No
REO: No
General Property Description
Realtor.COM Type: Multi-Family
Number of Units: 24
3 BR units: 24
Building Style: Multi Level
Basement: No
Garage Stall: 2 Car
Total SqFt.: 1500
ESTIMATED SqFt Source: Assessor
SqFt Per: Unit
Year Built: 2023
New Construction: No
Lot Size: 172,498
Lot Acres: 39.6
Lot Type 1: Duplex/Multi
Legal and Taxes
Legal: 55182.6104, .6105, .6106, .2101, .2204, .2102, .2203, .2103, .2104, .6203, 55074.7003, 55074.7002
AIN/Tax Bill: 55182.2104
Parcel Number: 55182.2104
School District: Central Valley - 356
Zoning: MFR
Directions: GPS is accurate
Taxes: 8175.41
Tax Year: 2025
Taxes Reflect 1: No Exemptions
Subdivision: N/A
Remarks
Public Remarks: This rare opportunity features a portfolio of 12 recently constructed duplexes in Spokane Valley, offering investors immediate scale, strong in-place income, and minimal deferred maintenance. The portfolio totals 24 spacious 3-bedroom, 2-bathroom units, each designed for long-term tenant appeal and operational efficiency. Units are finished with durable LVP flooring, stainless steel appliances, in-unit laundry, and separate attached garages for each unit, supporting strong tenant retention and consistent leasing performance. The portfolio boasts a proven rental history and is currently 95.5% occupied, generating approximately $56,492 in monthly rental income. This offering provides a turnkey investment with stable cash flow, modern construction, and long-term upside in one of Spokane Valley's most resilient rental markets. Ideal for investors seeking scale, predictability, and low-maintenance assets with strong fundamentals and future growth potential.
Address
Street Number: 1519
Street Direction Pfx: N
Street Name: Bell
Street Suffix: St
State/Province: WA
Postal Code: 99016
County: Spokane
Miscellaneous
Sec: 24
Twn: 25
Rng: 43
Rng Dir: EWM
Property Subject To
CC&Rs: No
Homeowners Assoc: No
LID: No
Non-Mtg Lien: No
Flood Zone: Unknown
Aircraft Flight Zone: Unknown
Fire Protection Dist: Yes
Showing Instructions
Showing Service Name: None
Property Features
View: None
Lot Features: Level
Interior Features: Central Air
Fuel: Electric
Heating: Forced Air
Basement: Crawl Space
Foundation: Slab
Construction: Frame
Exterior: T1-11
Roof: Comp Shingle
Road: Paved; Public Maintained Road
Sewer: Public Sewer
Terms Considered: Cash; Conventional
Listing Office: LT Real Estate
Last Updated: September - 10 - 2026
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Coeur d'Alene MLS and Broker/Participants of the Coeur d'Alene MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Friday 18th of September 2026 05:09 PM
