$850,000 Price Analysis    ♡   Spokane, WA 99212 Unknown bed None bath 4,780 SqFt ($177/SqFt) 0.45 acre lot. Built 1956 Listed 2023-11-08, Taxes $6,291 | Ⓧ USDA Ineligible due to price & location near East Spokane |
Well maintained
* No Longer For Sale *
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Value-add opportunity for an inve stor looking to expand their portfolio in Spokane. With the majority of the building systems including electrical, heating and plumbing already updated, buyers can put immediate focus into upgrading unit interirs to push rents.
Situated on the border of Spokane and Spokane Valley surrounded by schools, jobs and parks, this Spokane Valley 8-Unit is ideally located to demand strong rents.
Presented by Winslow Lee at
Kidder Mathews.
Property MLS #2178661 from NWMLS
Wall to Wall Carpet
Flooring: Vinyl Plank, Wall to Wall Carpet
Flooring: Vinyl Plank, Wall to Wall Carpet
Fuel Expense: 3236
Heating Features: Baseboard
Heating Fuel: Natural Gas
Heating: Yes
Heating Features: Baseboard
Heating Fuel: Natural Gas
Heating: Yes
Brick
Lot Description: Open Space, Paved Street, Secluded, Sidewalk, ValueValue In Land
Lot Size Acres: 0.448
Lot Size Dimensions: 19515
Lot Size Square Feet: 19515
Lot Size Acres: 0.448
Lot Size Dimensions: 19515
Lot Size Square Feet: 19515
Open Parking Spaces: 12
Open Parking: Yes
Parking Total: 12
Open Parking: Yes
Parking Total: 12
View: Territorial
Coin Op Laundry
Gross Scheduled Income: 94800
Leasable Area: 4780
Leasable Area Units: Square Feet
Leasable Area: 4780
Leasable Area Units: Square Feet
Number of Units: 8
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 2
Bedrooms in Unit-8: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Unit-1 Description: 1
Unit-2 Description: 2
Unit-3 Description: 3
Unit-4 Description: 4
Unit-5 Description: 5
Unit-6 Description: 6
Unit-7 Description: 7
Unit-8 Description: 8
Unit-1 Square Feet: 530
Unit-2 Square Feet: 530
Unit-3 Square Feet: 530
Unit-4 Square Feet: 530
Unit-5 Square Feet: 530
Unit-6 Square Feet: 530
Unit-7 Square Feet: 800
Unit-8 Square Feet: 800
Unit 1 Total Actual Rent: 925
Unit 2 Total Actual Rent: 925
Unit 3 Total Actual Rent: 925
Unit 4 Total Actual Rent: 925
Unit 5 Total Actual Rent: 925
Unit 6 Total Actual Rent: 925
Unit 7 Total Actual Rent: 1175
Unit 8 Total Actual Rent: 1175
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 2
Bedrooms in Unit-8: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Unit-1 Description: 1
Unit-2 Description: 2
Unit-3 Description: 3
Unit-4 Description: 4
Unit-5 Description: 5
Unit-6 Description: 6
Unit-7 Description: 7
Unit-8 Description: 8
Unit-1 Square Feet: 530
Unit-2 Square Feet: 530
Unit-3 Square Feet: 530
Unit-4 Square Feet: 530
Unit-5 Square Feet: 530
Unit-6 Square Feet: 530
Unit-7 Square Feet: 800
Unit-8 Square Feet: 800
Unit 1 Total Actual Rent: 925
Unit 2 Total Actual Rent: 925
Unit 3 Total Actual Rent: 925
Unit 4 Total Actual Rent: 925
Unit 5 Total Actual Rent: 925
Unit 6 Total Actual Rent: 925
Unit 7 Total Actual Rent: 1175
Unit 8 Total Actual Rent: 1175
High School District: Spokane
Seth Woodard Elementary School is a public elementary school located approximately 0.3 miles away.
Map directions
Map directionsCentennial Middle School is a public middle school located approximately 0.7 miles away.
Map directions
Map directionsWest Valley High School is a public high school located approximately 0.8 miles away.
Map directions
Map directionsWoodland Montessori is a private elementary school located approximately 1.6 miles away.
Map directions
Map directionsCalculated Total Monthly Association Fees: 0
Annual Tax Amount: 6803
Source Listing Status: Sold
Country Region: US
County: Spokane
Cap Rate: 6.4
Directions: 2012 N Park Rd. Spokane Valley, WA
Tax Year: 2023
Other Expense: 22300
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 2376
List Development Name: Spokane
Source Neighborhood: Spokane
Parcel Number: 450739030
Street Suffix Modifier: Road
Subdivision: Spokane
Property Subtype: Multi-family
Source System Name: C2C
Source Listing Status: Sold
Country Region: US
County: Spokane
Cap Rate: 6.4
Directions: 2012 N Park Rd. Spokane Valley, WA
Tax Year: 2023
Other Expense: 22300
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 2376
List Development Name: Spokane
Source Neighborhood: Spokane
Parcel Number: 450739030
Street Suffix Modifier: Road
Subdivision: Spokane
Property Subtype: Multi-family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $326,090 + $19,910 $346,000 | $6,291 |
| 2022 | $375,190 + $19,910 $395,100 | $4,172 |
| 2021 | $292,950 + $19,910 $312,860 | $5,097 |
| 2020 | $190,100 + $19,910 $210,010 | $4,535 |
| 2019 | $183,900 + $19,910 $203,810 | $2,784 |
| 2018 | $207,900 + $19,910 $227,810 | $3,261 |
| 2017 | $201,800 + $19,910 $221,710 | $3,597 |
| 2016 | $199,900 + $19,910 $219,810 | $3,576 |
| 2015 | $197,000 + $19,910 $216,910 | $3,625 |
| 2014 | $200,100 + $16,590 $216,690 | $3,594 |
| 2013 | $200,700 + $16,590 $217,290 | $3,585 |
| 2012 | $200,700 + $16,590 $217,290 | $3,503 |
| 2011 | $351,600 + $16,590 $368,190 | $3,418 |
| 2010 | $351,600 + $16,590 $368,190 | $5,444 |
| 2009 | $236,300 + $8,300 $244,600 | $5,135 |
| 2007 | $236,300 + $8,300 $244,600 | $3,902 |
Sold 2024-03-01
$775,000
NWMLS
Listed 2023-11-08
$850,000
NWMLS
Sold 2010-08-12
$252,000
Public Record
Sold 2005-03-02
$245,000
Public Record
Sold 1999-10-18
$165,000
Public Record
Sold 1996-07-01
$285,000
Public Record
$775,000
NWMLS
Listed 2023-11-08
$850,000
NWMLS
Sold 2010-08-12
$252,000
Public Record
Sold 2005-03-02
$245,000
Public Record
Sold 1999-10-18
$165,000
Public Record
Sold 1996-07-01
$285,000
Public Record
Net Operating Income: 54563
Total Square Feet Living: 4780
Building Area Total: 4780
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 68
Property Condition: Good
Roof: Flat
Building Total Stories: 1
Structure Type: Multi Family
Elevation Units: Feet
Year Built Effective: 1956
Building Area Total: 4780
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 68
Property Condition: Good
Roof: Flat
Building Total Stories: 1
Structure Type: Multi Family
Elevation Units: Feet
Year Built Effective: 1956
Electric Expense: 3236
Power Production Type: NaturalGas
Sewer: Sewer Connected
Power Production Type: NaturalGas
Sewer: Sewer Connected
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.