$2,450,000

12404 E Olive Ave Spokane, WA 99216

Opportunity Neighborhood

Estimated payment $13,421/month

3 Beds
3 Baths
1,600 Sq Ft
$1,531 Price per Sq Ft

Highlights

  • No HOA
  • Attached Garage
  • Level Lot
  • Neighborhood Views
  • Luxury Vinyl Plank Tile Flooring
  • Mini Split Air Conditioners

About This Home

Incredible Investment Opportunity in Spokane Valley! This brand new building offers six spacious 3-bedroom, 2.5-bath townhomes plus an office in each unit—all designed with modern finishes and energy-efficient construction. Each 3-story unit features 9 ft ceilings, an open-concept kitchen with island and stainless steel appliances, flexible office or hobby space, and an attached garage. Conveniently located just minutes from shopping, dining, and top-rated schools, this property is ideal for both investors and future residents. Don't miss the chance to own a fully leased multi-unit property with strong rental potential and modern amenities in a prime location!

Listing Agent

Zac Scott

Avalon 24 Real Estate License #SP31816 Listed on: 08/22/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $849

Year Built

  • Built in 2025

Lot Details

  • 0.35 Acre Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • Attached Garage

Home Design

  • Duplex
  • Patio Home
  • Concrete Foundation
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Hardboard

Interior Spaces

  • 1,600 Sq Ft Home
  • Neighborhood Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Heating System Uses Natural Gas
  • Gas Available

Community Details

  • No Home Owners Association
  • Built by Construction Service

Listing and Financial Details

  • Assessor Parcel Number 45153.1722

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$849

Year Built

Built in 2025

Lot Details

0

Listing Details

  • Property Sub Type: Site Built < 2 Acre
  • Prop. Type: Residential
  • Lot Size Acres: 0.35
  • Road Surface Type: Paved
  • Subdivision Name: N/A
  • Directions: GPS is accurate.
  • Year Built: 2025
  • General Property Description:Lot Acres2: 0.35
  • General Property Description:Lot Type 1: Duplex/Multi
  • Legal and Taxes:Zoning2: MFR
  • Legal and Taxes:Tax Year2: 2024
  • View:Neighborhood: Yes
  • Road Paved: Yes
  • Water:City5: Yes
  • Sewer:City Sewer: Yes
  • General Property Description:Building Style: Patio/Town Home
  • General Property Description:New Construction: Yes, completed
  • Property Subject to:Homeowners Assoc: None
  • Property Subject to:Flood Zone: Unknown
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Foundation:Concrete: Yes
  • Roof:Comp Shingle: Yes
  • Flooring:Carpet: Yes
  • Fuel:Gas: Yes
  • Exterior:Hardboard: Yes
  • Flooring:LVP: Yes
  • General Property Description:Total SqFt2: 1600.0
  • Special Features: NewHome

Interior Features

  • Appliances: Electric Range, Refrigerator, Microwave, Dishwasher
  • Has Basement: None, Slab on grade
  • Basement YN: No
  • Total Bedrooms: 3
  • Flooring: Carpet, LVP
  • Interior Amenities: Mini-Split A/C
  • Living Area: 1600.0
  • Main Level Bathrooms: 1
  • Appliances Dishwasher: Yes
  • Appliances:RangeOven - Elec: Yes
  • Basement:None-Slab on Grade: Yes
  • Other Rooms:Office: 1
  • Interior Features:Mini-Split AC: Yes

Exterior Features

  • Lot Features: Landscaped, Level
  • View: Neighborhood
  • Builder Name: Construction Service
  • Common Walls: 2+ Common Walls
  • Construction Type: Hardboard, Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Construction:Frame: Yes
  • Lot Features:Level: Yes

Garage/Parking

  • Attached Garage: Yes
  • General Property Description:Garage Type2: Att Garage
  • General Property Description:Garage Stall2: 1 Car

Utilities

  • Heating: Natural Gas, Mini-Split
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Mini-Split: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Kitchen Amenities:Kitchen Peninsula: Yes

Schools

  • Junior High Dist: Central Valley - 356

Lot Info

  • Lot Size Sq Ft: 15246.0
  • Additional Parcels Description: 45153.1722
  • Parcel #: 45153.1722
  • Zoning: MFR

Tax Info

  • Tax Annual Amount: 849.14
  • Tax Year: 2024

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 For Sale $2,450,000 +853.3% $1,531 / Sq Ft
07/29/2021 07/29/21 Sold $257,000 +90.4% --
06/27/2021 06/27/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $135,000 -- --
Source: Coeur d'Alene Multiple Listing Service

Source: Coeur d'Alene Multiple Listing Service

MLS Number: 25-8679

Coeur d
Washington Spokane County Spokane 99216 Opportunity

12404 E Olive Ave, Spokane, WA

This home is located at 12404 E Olive Ave, Spokane, WA 99216 and is currently priced at $2,450,000, approximately $1,531 per square foot. This property was built in 2025. 12404 E Olive Ave is a home located in Spokane County with nearby schools including Broadway Elementary School, North Pines Middle School, and University High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Coeur d IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Zac Scott
Listing Agent
Zac Scott
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Avalon 24 Real Estate
(509) 584-4445