$1,100,000
SOLD MAY 29, 2025

12506 E 3rd Ave Spokane Valley, WA 99216

Opportunity Neighborhood
12 Beds
12 Baths
5,754 Sq Ft
0.34 Acres

Recently Sold

$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

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Jones

    Seller's Agent in 2025

    Steve Jones

    Windermere Valley

    (509) 951-9155

    24 in this area

    257 Total Sales

    Steve Jones
    Section Image
  • Lorrie Burnworth

    Buyer's Agent in 2025

    Lorrie Burnworth

    eXp Realty, LLC

    (509) 844-8240

    2 in this area

    37 Total Sales

    Lorrie Burnworth
    Section Image
See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 202514630

Spokane Association of REALTORS®
Washington Spokane County Spokane Valley 99216 Opportunity

12506 E 3rd Ave, Spokane Valley, WA

Sold

MultiFamily

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