NOT LISTED FOR SALE
12 Beds
12 Baths
5,754 Sq Ft
0.34 Acres

Last Sold May 29, 2025

Last sale price $1,100,000 $191 Per Sq Ft

7 Days on Market

About This Home

As of May 2025

Valley Place Apartments conveniently located in the heart of the Spokane Valley. 6 units with 2 bedrooms and 2 bathrooms each. Each unit has on-site parking plus 6 garages that can be separately leased out. Just off the Appleway trail. Quick access to the freeway with a straight shot down Pines for the commuters and a few blocks off of Sprague for convenient shopping. This is a value-add opportunity property with the ability to increase rents, collect utilities and charge separately for garages to increase cash flow and income.

Last Agent to Sell the Property

Steve Jones

Windermere Valley License #121627 Listed on: 04/08/2025

Windermere Valley

Last Buyer's Agent

Lorrie Burnworth

eXp Realty, LLC License #97003

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,623

Year Built

  • Built in 1995

Lot Details

  • 0.34 Acre Lot

Parking

  • 6 Car Detached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 5,754 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Schools

  • North Pines Middle School
  • University High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Community Details

  • 6 Units
  • Water Sewer Expense $2,095

Listing and Financial Details

  • Assessor Parcel Number 45222.0663

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,623

Year Built

Built in 1995

Lot Details

0.34 Acres

Parking

6

Listing Details

  • Year Built: 1995
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • Lot Size Acres: 0.34
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: See Remarks
  • Co List Office Phone: +1 (509) 928-19
  • MLS Status: Sold
  • Reso Structure Type: Three Story
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab
  • Total Bedrooms: 12
  • Stories: 3

Exterior Features

  • Roof: Composition
  • Construction Type: Wood Siding

Garage/Parking

  • Garage Spaces: 6
  • Parking Features: Detached
  • Total Parking Spaces: 6

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Electric
  • NumberOfRanges: 6

Fee Information

  • Annual Water Sewer Expense: 2095

Schools

  • Elementary School: Opportunity
  • High School: University
  • Middle Or Junior School: North Pines

Lot Info

  • Parcel Number: 45222.0663
  • Lot Size Sq Ft: 14810

Multi Family

  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 10623
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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 List to Sale Price per Sq Ft
05/29/2025 05/29/25 Sold $1,100,000 0.0% $191 / Sq Ft
04/15/2025 04/15/25 Pending -- -- --
04/08/2025 04/08/25 For Sale $1,100,000 -- $191 / Sq Ft
Source: Spokane Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,623 $874,100 $148,100 $726,000
2024 $10,623 $996,200 $118,480 $877,720
2023 $9,567 $1,055,600 $118,480 $937,120
2022 $6,338 $1,002,500 $44,430 $958,070
2021 $6,814 $544,700 $44,430 $500,270
2020 $6,110 $495,500 $44,430 $451,070
2019 $5,301 $447,930 $44,430 $403,500
2018 $6,676 $470,400 $44,430 $425,970
2017 $4,942 $352,630 $44,430 $308,200
2016 $4,967 $343,630 $44,430 $299,200
2015 $5,499 $374,830 $44,430 $330,400
2014 -- $395,200 $36,900 $358,300
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202514630

Spokane Association of REALTORS®
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