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Rachel Krouse

rachel@krousehouserealty.com +1(509) 981-1881

Listed by Eric Peterson • Keller Williams Spokane - Main

$ 10,850,000

Est. payment | -/mo

42,000 SqFt

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$ 10,850,000

Est. payment | -/mo

Save Virtual Tour

42,000 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 42,000 sqft

Price per Sqft $258

MLS Listing ID 202615194

Year Built 2026

Lot Size 0.950 Acres

Lot Dimensions 0.95

Property Sub-Type Commercial

Property Description

New Construction "42 Unit - Mason Apartment Complex" on nearly an Acre Site! There are 36 - 2 Bedroom/2 Bathroom Units and 6 - 1 Bedroom/1 Bathroom Units. Each Unit to be well appointed to include Hard Surface Countertops, Laminate Flooring, 10' Ceilings and Primary Bedrooms have Walk-in Closets. All Units have Mini-splits or PTAC units for Heating & Cooling, full appliance packages including washer and dryer, and each unit also has a Private Patio or Deck. There are 85 Parking Spots (with 12 EV Stalls) and the Security Gate is Roughed-in for the Parking Lot – Asphalt is done and parking lines painted! RENT STUDY - 1 Bed/1 Bath Units (6 total) at $1,350.00 each and 2 Bed/2 Bath (36 total) at $1,825.00 each for a monthly estimate of $73,800.00. Annual Total Income - $885,600.00. Total Annual Expenses (estimated) are $243,008.00 and the NOI - $624,879.00. Approximate Completion Date is July 2026.

Location

State WA

County Spokane

Rooms

Basement None

Interior

Heating See Remarks

Cooling Other

Exterior

View Y/N true

View City

Roof Type Composition

Building

Lot Description Level, City Bus (w/in 6 blks), Oversized Lot, Common Grounds

Story 3

Structure Type Masonite

Schools

Elementary Schools Opportunity

Middle Schools North Pines

High Schools Central Valley

School District Central Valley

Others

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Virtual Tour https://northernexposuremedia.com/2947328

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(509) 981-1881

rachel@krousehouserealty.com

Amplify- 1311 N Washington Ste A, Spokane, Washington, 99201, USA

11802 E Main Ave Spokane Valley, WA 99206