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12405-12409 E 3rd Ave
Spokane Valley, WA 99216

Spokane Area Rental

  • 27,309 Sqft
  • 1.19 Acre

$5,700,000

1 Month on market

MLS# 202521545

Listing courtesy of Spokane Association of REALTORS MLS as distributed by MLS GRID.

Discover a rare offering of two modern apartment buildings in Spokane Valley’s Opportunity Neighborhood, ideally located near schools, shopping, dining, parks, and the Appleway Trail. Built in 2021 and 2023, these low-maintenance properties total 26 units- 22 spacious 3 bed/2 bath and four 1 bed/1 bath apartments with 40+ parking spaces and contemporary finishes throughout. Each building features common laundry facilities and in-unit washers/dryers in select apartments, with potential to boost income by adding in-unit laundry to 14+ units. Current rents are below market, providing a clear path for increased cash flow. Zoning is MFR, and both parcels sit on over 25,000 SF each. Additional features includes reduced expenses through utility billing conversion. Strong location, new construction, and immediate value-add potential make this a compelling multi-family investment.

SqFt: 27,309
County: Spokane
Year Built: 2021
Basement
  • None
Kitchen / Appliances
  • Free-Standing Range
  • Dishwasher
  • Refrigerator
Garage / Parking
  • Off Site
  • None
Heating / Cooling
  • Electric
  • Forced Air
Lot / Information
  • Level
  • City Bus (w/in 6 blks)
  • Surveyed
Roof
  • Composition

Office Details
eXp Realty, LLC Branch  —  (888) 421-2531

Broker Reciprocity MLS Disclaimer: Copyright of the Spokane Association of REALTORS MLS. All rights reserved. Listing information deemed reliable but not guaranteed.

IDX listing information is provided exclusively for consumers’ personal, noncommercial use. All other uses are strictly prohibited. The listing information displayed herein is based on information submitted to the MLS GRID as of 9/17/2025, 11:59 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.