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Investment - Homes for Sale in Spokane Valley, WA

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  • /4

    $375,000

    • Land
    • 0.48 Acre
    • $781,250 per Acre

    2308/2316 N Long Rd, Liberty Lake, WA 99016

    Ready for Immediate Development! Forget the time and expense of pulling in services. Both prime 10,500 SQ FT lots feature: Sewer Stubbed: Direct sewer access to the property line on both parcels. (Note: parcel #55074.7603 features a 6-inch line for optimal flow & the other a 4-inch line.) Utilities Ready: Water and power are established right at the property line. Location is Everything: This

    Agent Photo

    Connie Smith

    Kelly Right Real Estate of Spokane

    (509) 345-3119

    2308/2316 N Long Rd, Liberty Lake, WA 99016
  • /17

    $799,000

    • 6 Beds
    • 4 Baths
    • 2,998 Sq Ft

    6XX S Robie Ln, Spokane Valley, WA 99206

    Bring your vision to life with this customizable ghost listing for a future duplex! Whether you're dreaming of an income-producing investment property, multi-generational living, or a side-by-side layout to owner-occupy, the options are wide open. Want single-story ranch-style units? Prefer a 2-story layout with separate garages? Looking to add an RV bay or expanded outdoor space? This is your

    Agent Photo

    Andrew Graham

    Avalon 24 Real Estate

    (509) 269-2238

    6XX S Robie Ln, Spokane Valley, WA 99206
  • /42

    $4,265,000

    • 39 Beds
    • 38 Baths

    201-312 S Woodlawn Ln, Spokane Valley, WA 99216

    Incredible investment opportunity in Spokane Valley! This portfolio includes six modern duplexes and one single-family home, all newly built in 2023 with high-end finishes and strong rental appeal. Each duplex offers two mirror-image units with 3 beds, 2.5 baths, 1,455 sq ft per side, open-concept living, LVP flooring, and stainless steel appliances. The single-family home mirrors the interior

    Zac Scott Avalon 24 Real Estate

    201-312 S Woodlawn Ln, Spokane Valley, WA 99216
  • /25

    $850,000

    • Land
    • 0.73 Acre
    • $1,164,384 per Acre

    13604/06 E Nora Ave Unit 13604 & 13606 E Nora, Spokane, WA 99216

    High Traffic/Multi-Use Property Along I-90 thru the Spokane Valley Corridor-Multi Family and Prime Investment Opportunity! Prime high-traffic corridor, with easy on-off freeway access and high visibility ensures maximum exposure, attracting customers effortlessly. Multi-Use zoning makes it flexible for Apartments, Retail, Commercial, Office, Medical, Restaurant, Service-Based and Drive-thru

    Bambi Burrus Kelly Right Real Estate of Spokane

    13604/06 E Nora Ave Unit 13604 & 13606 E Nora, Spokane, WA 99216
  • /33

    $754,900

    • 4 Beds
    • 2 Baths

    13803 E Rich Ave, Spokane Valley, WA 99216

    2024-built duplex! Searching for a great opportunity to have an investment property? Each side of this beautiful duplex has 4 beds, 2 baths and a 2 car garage. The kitchen is the heart of the home and has stainless steel appliances, beautiful cabinetry, a free standing stove, microwave, dishwasher and refrigerator. The slide opens on to a private deck, finished and partially fenced back yard! All

    Blythe Thimsen Windermere City Group

    13803 E Rich Ave, Spokane Valley, WA 99216
  • /25

    $850,000

    • 4 Beds
    • 2 Baths
    • 3,328 Sq Ft

    13604 E Nora Ave Unit 13604 & 13606 E Nora, Spokane Valley, WA 99216

    Multi Family and Prime Investment Opportunity – High Traffic/Multi-Use Property Along I-90 thru the Spokane Valley Corridor! Prime high-traffic corridor, with easy on-off freeway access and high visibility ensures maximum exposure, attracting customers effortlessly. Multi-Use zoning makes it flexible for Apartments, Retail, Commercial, Office, Medical, Restaurant, Service-Based and Drive-thru

    Bambi Burrus Kelly Right Real Estate of Spokane

    13604 E Nora Ave Unit 13604 & 13606 E Nora, Spokane Valley, WA 99216
  • /49

    $579,000

    • 6 Beds
    • 4 Baths
    • 2,808 Sq Ft

    2722 N Fox Rd, Spokane Valley, WA 99206

    Amazing investment opportunity! This 3Bd, 2Bth per side duplex is located in a gated cul-de-sac just a few minutes from I-90 at Pines Rd. and just a few more minutes to the Valley Mall. Laminate wood flooring throughout the main level, Tile floors in the bathrooms & laundry. Open Great room design w/spacious kitchen offering natural wood cabinets, granite counter tops and there's a private patio

    Natalia Seefeldt Regal Real Estate

    2722 N Fox Rd, Spokane Valley, WA 99206
  • /9

    $105,000

    • Land
    • 0.25 Acre
    • $420,000 per Acre

    10626 E 27th Ave, Spokane, WA 99206

    Seize the opportunity to build your dream home or investment property on this versatile 0.25-acre lot in Spokane Valley! All utilities are readily available at the street, simplifying the development process. Situated in a thriving neighborhood near parks, schools, shopping, and dining, this level lot provides both convenience and accessibility. With its own parcel number and legal description,

    Adam Salas REAL Broker LLC

    10626 E 27th Ave, Spokane, WA 99206
  • /14

    $1,988,500

    • Land
    • 6.63 Acres
    • $299,925 per Acre

    11XXX E Sands Rd, Spokane Valley, WA 99206

    41 lot approved short plat in the sought after ponderosa neighborhood. Gently sloping topography allows for one level or basement homes with views toward Mt. Spokane and the surrounding valley. This prime location is minutes from shopping, great restaurants, schools and 20 minutes to Spokane International airport. Don't miss out on this incredible investment opportunity.

    Shane Delaney Coldwell Banker Tomlinson

    11XXX E Sands Rd, Spokane Valley, WA 99206
  • /19

    $640,000

    • 6 Beds
    • 4 Baths

    308 S Woodlawn Ln, Spokane, WA 99216

    Welcome to this modern 2023-built duplex offering a rare opportunity for multi-generational living or smart investment in Spokane Valley. With a combined 2,910 sq ft, this turnkey property features two identical units, each with 3 bedrooms, 2.5 bathrooms, an open-concept main level, luxury vinyl plank flooring, stainless steel appliances, in-unit laundry, and an attached garage. Live in one side

    Zac Scott Avalon 24 Real Estate

    308 S Woodlawn Ln, Spokane, WA 99216
  • /50

    $2,400,000

    • 6 Beds
    • 5 Baths
    • 3,768 Sq Ft

    4611 W Anderson Rd, Cheney, WA 99004

    Enjoy ~200 acres of pristine Inland Northwest beauty—a true outdoor lover’s haven. This property offers sweeping Mica Peak views, 3 ponds fed by 2 year-round springs, 30+ acres of farm ground, basalt rock outcroppings, and a mix of pine forest, aspen meadows, and wetlands. Ideal for horses, cattle, housing or business development, or a conservation easement with tax benefits. Built in 2015, the

    Ryan Towner LT Real Estate

    4611 W Anderson Rd, Cheney, WA 99004
  • /27

    $2,785,000

    • 35 Beds
    • 24 Baths
    • 16,088 Sq Ft

    12405 E 3rd Ave, Spokane Valley, WA 99216

    Discover a rare opportunity to own a modern Spokane Valley apartment building featuring 11 3-bed bed/2-bath apartments and two 1-bed/1-bath apartments. Ideally located near schools, shopping, dining, parks, and bordering the Appleway Trail, buyers have several paths to increase income through rent increases, laundry conversion, and utility fee payoff. Built in 2021, this low-maintenance property

    Kristina Carlson eXp Realty, LLC Branch

    12405 E 3rd Ave, Spokane Valley, WA 99216
  • /15

    $900,000

    • 10 Beds
    • 5 Baths
    • 3,294 Sq Ft

    7304 E 4th Ave, Spokane Valley, WA 99212

    Exclusive Investment Opportunity: Secure a profitable package deal consisting of 5 prime properties! Don’t miss out on this exceptional chance to expand your portfolio. Parcel # 35241.3328 - 750 SQFT 3 bed / 1 bath, 35241.201 - 672 SQFT 2 bed / 1 bath, 35241.4202 - 672 SQFT 2 bed / 1 bath, 35241.4204 - 540 SQFT 2 bed / 1 bath, 35241.4203 - 660 SQFT 1 bed / 1 bath

    Dave Reynolds Source Real Estate

    7304 E 4th Ave, Spokane Valley, WA 99212
  • /6

    $99,500

    • Land
    • 0.18 Acre
    • $552,778 per Acre

    9027 E Princeton Ln, Spokane, WA 99212

    This lot is located at the end of a dead end street. Water, gas, power, cable and phone at the property line. Close to stores, schools, shopping, Centennial Trail. This could be the spot for you. Low HOA dues. Buyer will be responsible to confirm utilities and any restrictions. Great investment property.

    Nick Grishko Kelly Right Real Estate of Spokane

    9027 E Princeton Ln, Spokane, WA 99212
  • /25

    $850,000

    • 3,328 Sq Ft

    13604 E Nora Ave, Spokane Valley, WA 99216

    Multi Family and Prime Investment Opportunity - High Traffic/Multi-Use Property Along I-90 thru the Spokane Valley Corridor! Prime high-traffic corridor, with easy on-off freeway access and high visibility ensures maximum exposure, attracting customers effortlessly. Multi-Use zoning makes it flexible for Apartments, Retail, Commercial, Office, Medical, Restaurant, Service-Based and Drive-thru

    Bambi Burrus Kelly Right Real Estate

    13604 E Nora Ave, Spokane Valley, WA 99216
  • /50

    $475,000

    • 3 Beds
    • 3 Baths
    • 1,643 Sq Ft

    4418 E 15th Ave, Spokane Valley, WA 99212

    This well-maintained 3-level home in Woodland Terrace offers spacious living with vaulted ceilings, hardwood floors, and a gas fireplace in the living room. The open-concept kitchen features wood cabinetry, an eat-in bar, and informal dining. The primary suite includes double closets and an en-suite bathroom, while a second bedroom and full bath are on the second floor. The finished basement

    Chase Baxter eXp Realty 4 Degrees

    4418 E 15th Ave, Spokane Valley, WA 99212
  • /30

    $2,805,000

    • 35 Beds
    • 24 Baths
    • 16,146 Sq Ft

    12409 E 3rd Ave, Spokane Valley, WA 99216

    Discover a rare opportunity to own a modern Spokane Valley apartment building featuring 11 3-bed bed/2-bath apartments and two 1-bed/1-bath apartments. Ideally located near schools, shopping, dining, parks, and bordering the Appleway Trail, buyers have several paths to increase income through rent increases, laundry conversion, and utility fee payoff. Built in 2023, this low-maintenance property

    Kristina Carlson eXp Realty, LLC Branch

    12409 E 3rd Ave, Spokane Valley, WA 99216
  • /12

    $285,000

    • Land
    • 0.43 Acre
    • $662,791 per Acre

    515 S Mckinnon Rd, Spokane Valley, WA 99212

    INVESTMENT OPPORTUNITY! This flat and buildable land is approved to build up to a 9 unit property! Rare opportunity to create a cash flow investment OR purchase for a single family lot. Conveniently located close to freeway access, and in town amenities. Easy distance to a bus route for a more desirable location as well! Seated on .43 of an acre with all water, sewer and power at the property

    Nicole Bond The Experience Northwest

    515 S Mckinnon Rd, Spokane Valley, WA 99212
  • /38

    $5,800,000

    • 192 Beds
    • 192 Baths
    • 21,920 Sq Ft

    11904,11905,119 E Spruce Ln, Spokane Valley, WA 99206

    Amazing, Well maintained, Spokane Valley Town Homes! 16 total units built in 2021, located on four parcels totaling nearly 1 acre, on a private lane. Each unit offers 3Bd, 2.5Bth, with attached garages and individually fenced back yards. Each home features, quality laminate flooring, quartz counter tops, breakfast bar, stainless steel appliances, open great room layout, plus the master suites

    Natalia Seefeldt Regal Real Estate

    11904,11905,119 E Spruce Ln, Spokane Valley, WA 99206
  • /29

    $675,000

    • 8 Beds
    • 4 Baths
    • 3,200 Sq Ft

    13219 E 31st Ct, Spokane Valley, WA 99216

    Fantastic Investment Opportunity! This well-maintained fourplex sits on a quiet cul-de-sac and offers four identical 2-bedroom, 2-bathroom units each designed for comfortable, convenient living. Every unit features a kitchen complete with appliances, in-unit stacked washer and dryer, and a layout that appeals to both long-term tenants and new renters alike. Residents will appreciate the covered

    Dan Dhaenens Windermere Valley

    13219 E 31st Ct, Spokane Valley, WA 99216
  • /19

    $640,000

    • 6 Beds
    • 6 Baths
    • 2,910 Sq Ft

    211 S Woodlawn Ln, Spokane, WA 99216

    Welcome to this modern 2023-built duplex offering a rare opportunity for multi-generational living or smart investment in Spokane Valley. With a combined 2,910 sq ft, this turnkey property features two identical units, each with 3 bedrooms, 2.5 bathrooms, an open-concept main level, luxury vinyl plank flooring, stainless steel appliances, in-unit laundry, and an attached garage. Live in one side

    Zac Scott Avalon 24 Real Estate

    211 S Woodlawn Ln, Spokane, WA 99216
  • /20

    $181,500

    • 2 Beds
    • 1 Bath
    • 1,060 Sq Ft

    12017 E Mansfield Ave, Spokane Valley, WA 99206

    Welcome to your ideal condo in Spokane Valley! This beautifully updated residence combines convenience and style, offering easy access to the freeway, bus lines, shopping, and a range of amenities. Whether you’re seeking a personal sanctuary or a rental investment, this property is an excellent choice. With a garage included, this fully furnished condo features elegant bedroom furniture,

    Dave Reynolds Source Real Estate

    12017 E Mansfield Ave, Spokane Valley, WA 99206
  • /50

    $1,300,000

    • 3 Beds
    • 2 Baths
    • 1,526 Sq Ft

    5110 N Argonne Rd, Spokane, WA 99212

    A rare investment opportunity awaits! This property features a 3-bedroom, 1.5-bathroom home on 2.27 acres with a preliminary plat for 20 lots already approved. The potential for growth is immense. You can increase density with rezoning or even convert the property to commercial use. Keep the existing home or sell it to offset development costs. The on-site shop offers another chance to add units

    Brandon Marchand Keller Williams Spokane - Main

    5110 N Argonne Rd, Spokane, WA 99212
  • /34

    $10,810,000

    • 84 Beds
    • 56 Baths

    1519 N Bell St, Spokane Valley, WA 99016

    This rare opportunity features a portfolio of 14 recently constructed duplexes in Spokane Valley, offering investors immediate scale, strong in-place income, and minimal deferred maintenance. The portfolio totals 28 spacious 3-bedroom, 2-bathroom units, each designed for long-term tenant appeal and operational efficiency. Units are finished with durable LVP flooring, stainless steel appliances,

    Ryan Towner LT Real Estate

    1519 N Bell St, Spokane Valley, WA 99016
  • /12

    $120,000

    • Land
    • 0.14 Acre
    • $857,143 per Acre

    9809 E Boone Ave, Spokane, WA 99206

    Excellent Spokane Valley location for your next build. This sought-after spot lot offers a prime opportunity for investors, builders, or developers. Sewer is already stubbed in—a $10,000 value—saving time and reducing upfront costs. Positioned close to the Spokane River, Centennial Trail, Valley Mall, and major retail, with quick access to I-90 for convenient connections to downtown Spokane or

    Cindy Carrigan REAL Broker LLC

    9809 E Boone Ave, Spokane, WA 99206
  • /14

    $500,000

    • Land
    • 1 Acre
    • $500,000 per Acre

    16801 E Sprague Ave, Spokane Valley, WA 99037

    Unlock the potential of this versatile land on the west side of the Spokane Valley Eagles building! Zoned for Corridor Mixed Use, this property offers endless possibilities for development, including single-family homes, multi-family units, apartment complexes, storage facility, the potential goes on and on. With approximately 1 acre (exact size to be confirmed by a survey and setback

    Brenda McKinley Windermere Valley

    16801 E Sprague Ave, Spokane Valley, WA 99037
  • /30

    $700,000

    • 6 Beds
    • 4 Baths
    • 2,742 Sq Ft

    9623 E Nixon Ln, Spokane Valley, WA 99206

    Owner occupied ok! Brand new duplex in the heart of the Spokane Valley on a dead end road. Desirable 2 story floor plan. 3 bedrooms, 2.5 baths and a 1 car garage each unit. Estimated rents $2,400 per month each unit. Appliances and landscaping included. This is the perfect, low maintenance multi-family property for your investment portfolio -or- live in one side and rent the other. Estimated

    Steve Jones Windermere Valley

    9623 E Nixon Ln, Spokane Valley, WA 99206
  • /16

    $175,000

    • Land
    • 0.32 Acre
    • $546,875 per Acre

    0 S Whipple Rd, Spokane Valley, WA 99206

    NEW LAND LISTING Build your dream home or investment property on this stunning +/- .32 acre (11,564 sq ft) lot in the South Valley. This secluded treed lot in Kokomo has fantastic views and a parklike feel. The gentle slope of the mostly level lot lends itself well to a rancher with a daylight walkout lower level or any other floorplan that suits your needs. Very quiet established mid-century

    Natalie Ward Amplify Real Estate Services

    0 S Whipple Rd, Spokane Valley, WA 99206
  • /29

    $675,000

    • 6 Beds
    • 4 Baths

    9622 E Nixon Ln Unit 9624, Spokane Valley, WA 99206

    Fantastic investment opportunity or a duplex residence. For the first time since built, this near new duplex is available. Newly built in2023 with nice finishes. Entertain on the main floor with all the bedrooms on the upper floor. Each side has LVP flooring, full amenity kitchen, turf back yard with privacy fencing and a 2 car garage.

    Chris DiCicco Keller Williams Realty Coeur d

    9622 E Nixon Ln Unit 9624, Spokane Valley, WA 99206
  • /7

    $123,500

    • Land
    • 0.16 Acre
    • $771,875 per Acre

    4715 N Evergreen Rd, Spokane, WA 99216

    Don't miss this rare chance to build in Spokane Valley on a spacious 0.16-acre lot with no HOA restrictions or CCRs. Whether you're dreaming of a custom home or an investment project, this property offers exceptional flexibility in a highly convenient location close to all Valley amenities.

    Zach Wimberly Avalon 24 Real Estate

    4715 N Evergreen Rd, Spokane, WA 99216
  • /5

    $99,500

    • Land
    • 0.12 Acre
    • $829,167 per Acre

    9021 E Princeton Ln, Spokane, WA 99212

    This lot is located at the end of a dead end street. Water, gas, power, cable and phone at the property line. Close to stores, schools, shopping, Centennial Trail. This could be the spot for you. Low HOA dues. Buyer will be responsible to confirm utilities and any restrictions. Next door lot is avilable for sale. Great investment property.

    Nick Grishko Kelly Right Real Estate of Spokane

    9021 E Princeton Ln, Spokane, WA 99212
  • /25

    $5,590,000

    • 70 Beds
    • 48 Baths
    • 27,309 Sq Ft

    12405 E 3rd Ave, Spokane Valley, WA 99216

    Discover a rare offering of two modern apartment buildings in Spokane Valley’s Opportunity Neighborhood, ideally located near schools, shopping, dining, parks, and the Appleway Trail. Built in 2021 and 2023, these low-maintenance properties total 26 units- 22 spacious 3 bed/2 bath and four 1 bed/1 bath apartments with 40+ parking spaces and contemporary finishes throughout. Each building features

    Kristina Carlson eXp Realty, LLC Branch

    12405 E 3rd Ave, Spokane Valley, WA 99216
  • /6

    $1,800,000

    • Land
    • 3.22 Acres
    • $559,006 per Acre

    13110 E Nora Ave, Spokane Valley, WA 99216

    Don't miss out on this great investment opportunity in Spokane Valley. 3.22 Acres MOL across two parcels zoned for CMU use about one minute of I 90.

    Vladislav Moskalenko Amplify Real Estate Services

    13110 E Nora Ave, Spokane Valley, WA 99216
  • /29

    $675,000

    • 3 Beds
    • 2.5 Baths
    • 1,478 Sq Ft

    9622 E Nixon Ln, Spokane Valley, WA 99206

    Fantastic investment opportunity or a duplex residence. For the first time since built, this near new duplex is available. Newly built in2023with nice finishes. Entertain on the main floor with all the bedrooms on the upper floor. Each side has LVP flooring, full amenity kitchen, turf back yard with privacy fencing and a 2 car garage.

    Chris DiCicco Keller Williams Realty Coeur d

    9622 E Nixon Ln, Spokane Valley, WA 99206
  • /25

    $649,900

    • 3 Beds
    • 2 Baths

    1919 N Flora Rd, Spokane Valley, WA 99016

    This well-maintained duplex, built in 2013, offers a rare opportunity to own a nearly new, single-story investment or owner-occupied property. Each side features approximately 1,315 square feet of thoughtfully designed living space, providing a comfortable and functional layout. The property has been meticulously cared for and shows like brand new. Conveniently located walking distance to the

    Ed Morrow Team Real Estate

    1919 N Flora Rd, Spokane Valley, WA 99016
  • /17

    $300,000

    • Land
    • 10.3 Acres
    • $29,126 per Acre

    24225 E Rosewood Ave, Newman Lake, WA 99025

    Beautiful 10.3-acre subdividable property with essential utilities in place, including a water meter, nearby aerial power for easy hookup, natural gas access through Vista Gas, and a history of septic use for smooth future approval. Enjoy stunning territorial and mountain views across gently rolling terrain, ideal for a private estate or investment. The land offers both privacy and convenience,

    Bill Johnson William Johnson

    24225 E Rosewood Ave, Newman Lake, WA 99025

Home Trends in Spokane Valley, WA

Housing Trends

Median Sale Price
$443,000
Median Single Family Sale Price
$449,990
Median 2 Bedroom Sale Price
$209,900
Median 1 Bedroom Sale Price
$163,000
Average Price Per Sq Ft
$227
Number of Homes for Sale
269
Last 12 months Home Sales
1,224
Months of Supply
2.60
Median List Price
$450,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%
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