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Listed price in listed location currency (USD).
$615,000

000

MLS® 202617225

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 2496 sqft
Garage 
Taxes $5,280
Days Active 1
Lot Size 
Approx. Age 1951
Avg. Price Per Sqft $246
MLS® Number 202617225

Property Address: 205 S Elizabeth Rd, Spokane Valley, WA, 99212-0603

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

Description

Well-maintained 5-unit investment opportunity in Spokane Valley featuring four 1 bed / 1 bath units and one 2 bed / 1 bath unit with in-unit laundry. The remaining units are supported by a convenient on-site coin-operated laundry, providing additional income potential. Units have been updated over the years, and major capital expenditures have already been addressed, roof, siding, and windows—offering a more predictable, low-maintenance investment profile. Financially, the property has demonstrated consistent performance with ~$52, 900 in trailing 12-month gross income. Current rents range from approximately $795 to $1, 095, with additional income from utilities and laundry. The unit mix provides strong demand stability, while the Valley location continues to support long-term rental growth. This is a solid, turn-key asset for investors seeking reliable cash flow, reduced capital expenditure risk, and upside through re
MLS® Number202617225
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1951
BasementCrawl Space
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 12, 2026List Date
$615,000List Price
  • Commute

Commute

Starting Address
Destination Address
205 S Elizabeth Rd, Spokane Valley, WA

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