12816 E Main Ave Spokane Valley, WA 99216
Opportunity NeighborhoodEstimated payment $6,095/month
Highlights
- 0.67 Acre Lot
- Laundry Facilities
- Community Storage Space
- Baseboard Heating
About This Home
Excellent Spokane Valley Cash-Flow Opportunity This 11-unit apartment building offers immediate income and strong long-term value for the hands-on investor. Built in 1972, the property features eleven 1-bedroom units with excellent occupancy history and consistent rental demand in one of Spokane Valley’s most stable rental pockets. 11 Units – All 1BD (approximately 500-600 SF) 100% Occupied at time of listing Strong in-place cash flow with proven tenant base Value-add upside through updating units and increasing rents. Excellent location with easy access to I-90, shopping, services, and employment centers This is a true turnkey multifamily asset, ideal for the investor seeking predictable monthly income and long term equity-building potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,008
Year Built
- Built in 1972
Lot Details
- 25,050 Sq Ft Lot
- Property fronts a private road
Interior Spaces
- 6,912 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 11 Bedrooms
- 11 Bathrooms
Parking
- 4 Carport Spaces
- Off-Site Parking
Utilities
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 45153.3906
Community Details
Overview
- 11 Units
Amenities
- Laundry Facilities
- Community Storage Space
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $9,913 | $913,700 | $200,400 | $713,300 |
| 2024 | $10,708 | $992,300 | $175,350 | $816,950 |
| 2023 | $9,532 | $1,036,000 | $175,350 | $860,650 |
| 2022 | $7,419 | $981,300 | $175,350 | $805,950 |
| 2021 | $8,834 | $704,200 | $100,200 | $604,000 |
| 2020 | $7,134 | $575,300 | $100,200 | $475,100 |
| 2019 | $5,647 | $472,700 | $100,200 | $372,500 |
| 2018 | $6,767 | $472,700 | $100,200 | $372,500 |
| 2017 | $5,560 | $393,500 | $100,200 | $293,300 |
| 2016 | $5,608 | $384,900 | $100,200 | $284,700 |
| 2015 | $5,667 | $382,400 | $100,200 | $282,200 |
| 2014 | -- | $393,300 | $100,200 | $293,100 |
| 2013 | -- | $0 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/04/2026 06/04/26 | Pending | -- | -- | -- |
| 05/26/2026 05/26/26 | For Sale | $975,000 | -- | $141 / Sq Ft |
Source: Spokane Association of REALTORS®
MLS Number: 202617997
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Listings courtesy of Spokane Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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