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USAWASpokane Valley3Rd & Pines Apartments12409 E 3Rd Ave
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12409 E 3rd Ave, Spokane Valley, WA

Real Estate

For Sale

Listed price in listed location currency (USD).
$2,805,000

0025

MLS® 202527878

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 16146 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 0
Approx. Age 2023
Avg. Price Per Sqft $173
MLS® Number 202527878

Property Address: 12409 E 3rd Ave, Spokane Valley, WA, 99216-0779

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number202527878
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2023
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 22, 2025List Date
$2,805,000List Price
  • Commute

Commute

Starting Address
Destination Address
12409 E 3 Rd Ave, Spokane Valley, WA

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