NOT LISTED FOR SALE

2012 N Park Rd Spokane Valley, WA 99212

-- Bed
-- Bath
4,780 Sq Ft
0.45 Acres

Last Sold March 01, 2024

Last sale price $775,000 $162 Per Sq Ft

9 Days on Market

Highlights

  • Secluded Lot
  • No HOA
  • Open Space
  • Territorial View
  • Patio
  • Vinyl Plank Flooring

About This Home

As of March 2024

Well maintained, value-add opportunity for an investor 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 interiors 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.

Last Agent to Sell the Property

Winslow Lee

Kidder Mathews License #136708 Listed on: 11/08/2023

Last Buyer's Agent

Winslow Lee

Kidder Mathews License #136708 Listed on: 11/08/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2178661

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,803

Year Built

  • Built in 1956

Lot Details

  • 0.45 Acre Lot
  • Open Space
  • Secluded Lot
  • Value in Land
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 4,780 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Parking

  • 12 Parking Spaces
  • Open Parking

Additional Features

  • Patio
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Spokane Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450739030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,803

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1956
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4780
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2%
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • View: Territorial
  • Lot Features: Open Space, Paved, Secluded, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 12

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 3236

Schools

  • Junior High Dist: Spokane

Lot Info

  • Parcel Number: 450739030
  • Lot Size Acres: 0.448
  • Lot Size: 19515
  • Lot Size Sq Ft: 19515
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: SPV
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 7900

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6803
  • AdditionalTaxIds: 450730228,450739030

Multi Family

  • Number Of Units Total: 8
  • Electric Expense: 3236
  • EnergySource: Natural Gas
  • UnitsBelowGrade: false

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
03/01/2024 03/01/24 Sold $775,000 -8.8% $162 / Sq Ft
11/17/2023 11/17/23 Pending -- -- --
11/08/2023 11/08/23 For Sale $850,000 -- $178 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

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 $6,393 $599,400 $46,450 $552,950
2024 $6,393 $613,400 $39,810 $573,590
2023 $6,292 $666,600 $36,490 $630,110
2022 $4,173 $625,000 $19,910 $605,090
2021 $5,097 $395,100 $19,910 $375,190
2020 $4,536 $312,860 $19,910 $292,950
2019 $2,784 $210,010 $19,910 $190,100
2018 $3,261 $203,810 $19,910 $183,900
2017 $3,597 $227,810 $19,910 $207,900
2016 $3,576 $221,710 $19,910 $201,800
2015 $3,625 $219,810 $19,910 $199,900
2014 -- $216,910 $19,910 $197,000
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2178661

Northwest Multiple Listing Service (NWMLS)