Listed by The Paragon Group
$575,000

5010 E 1st Ave Spokane Valley, WA 99212

Dishman Hills Neighborhood

Estimated payment $3,614/month

Total Views 263
6 Beds
4 Baths
2,750 Sq Ft
$209 Price per Sq Ft

Highlights

  • Corner Lot
  • No HOA
  • Baseboard Heating

About This Home

Spacious 4-unit apartment building situated on a corner lot in Spokane Valley. Nestled in a quiet residential neighborhood, the property offers convenient access to I-90, schools, shopping, and everyday amenities. A mix of one- and two-bedroom floorplans, ensuring broad tenant demand. For investors seeking scale, three adjacent triplexes, each on separate parcels, are also available, creating the opportunity to control up to 13 total units. This rare configuration allows for efficient portfolio growth while still qualifying for residential financing.

Listing Agent

Peter Clark

The Paragon Group License #25005584 Listed on: 09/10/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2431713

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,611

Year Built

  • Built in 1955

Lot Details

  • 10,800 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Parking Spaces

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 2,750 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Schools

  • Chase Mid Middle School
  • Ferris High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Spokane Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 35232.1414

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,611

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1955
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 2750
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 6
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Brick
  • Foundation Details: See Remarks
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 1608

Condo/Co-op/Association

  • Senior Community: No
  • Association: No
  • Common Interest: Multi-Family

Schools

  • Junior High Dist: Spokane
  • High School: Ferris High
  • Middle Or Junior School: Chase Mid

Lot Info

  • Parcel Number: 35232.1414
  • Lot Size Acres: 0.2479
  • Lot Size Sq Ft: 10800
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Spokane County
  • MLSSquareFootageSource: Spokane County
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.09
  • LeasedItems: None
  • TotalMonthlyIncome: 4750

Multi Family

  • Gross Scheduled Income: 57000
  • Net Operating Income: 32494
  • Number Of Units Total: 4
  • Electric Expense: 259
  • Insurance Expense: 1340
  • Leasable Area: 2750
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2850

Tax Info

  • Year: 2025
  • Tax Annual Amount: 6611

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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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
09/10/2025 09/10/25 For Sale $575,000 -- $209 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2431713

Northwest Multiple Listing Service (NWMLS)

APN: 35232.1414

Washington Spokane County Spokane Valley 99212 Dishman Hills

5010 E 1st Ave, Spokane Valley, WA

This home is located at 5010 E 1st Ave, Spokane Valley, WA 99212 and is currently priced at $575,000, approximately $209 per square foot. This property was built in 1955. 5010 E 1st Ave is a home located in Spokane County with nearby schools including Sheridan Elementary School, Chase Middle School, and Ferris 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.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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Peter Clark
Listing Agent
Peter Clark
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The Paragon Group
(509) 381-4690