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205 S Elizabeth Rd
Spokane Valley, WA 99212

Spokane Area Rental

  • 2,496 Sqft
  • 0.17 Acre

$615,000

1 Week on market

MLS# 202617225

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

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

SqFt: 2,496
County: Spokane
Year Built: 1951
Basement
  • Crawl Space
Kitchen / Appliances
  • Free-Standing Range
  • Dishwasher
  • Refrigerator
Garage / Parking
  • None
Heating / Cooling
  • Electric
  • Ductless
Lot / Information
  • Level
  • City Bus (w/in 6 blks)
Features
  • Breakers
Roof
  • Composition

Office Details
The Hornberger Group, LLC  —  (509) 994-5007

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 5/19/2026, 12:22 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.