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    Spokane Valley, WA Apartment Buildings for Sale

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    Garden-Style Apartment Complex
    Updated: Jun 4
    Garden-Style Apartment Complex

    10101 East Main Avenue, Spokane Valley, WA 99206

    $5,950,000
    35,902 sqft 2.00 AC lot
    Four garden‑style apartment buildings on a large 2‑acre corner lot
    Unit mix includes large 1‑bedroom and 2‑bedroom apartments (963 SF avg) with private deck or patio
    Community swimming pool plus a BBQ area
    Across the street from Balfour Park and Spokane Valley Library
    15‑minute drive to Downtown Spokane
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    10101 East Main Avenue, Spokane Valley, WA 99206

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    • Est. Cap Rate

      4.8%
      NOI ÷ price

    • Est. NOI

      $288K
      Annual

    • Price @ 7% Cap

      $4.11M
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1970
    View Property Analytics
    Six-Unit Apartment Building
    Updated: May 11
    Six-Unit Apartment Building

    7307 E 6th Ave, Spokane Valley, WA 99212

    $699,000
    2,940 sqft 0.42 AC lot
    Six units: one 2 bed/1 bath, four 1 bed/1 bath, plus one studio cottage
    0.42‑acre lot with ample off‑street parking
    Common area coin‑operated washer and dryer
    Covered tenant carports, patio area, and storage shed
    Cottage located on its own portion of the lot with potential for future subdivision and separate sale
    View details
    Two-Story Townhome Community
    Two-Story Townhome Community

    303 S Felts Rd, Spokane Valley, WA 99206

    $3,095,000
    14,560 sqft 0.80 AC lot

    New construction 12-unit townhome community with dedicated covered carports and in-unit washer and dryer.

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    42-Unit Apartment Building
    42-Unit Apartment Building

    11802 E Main Ave, Spokane Valley, WA 99206

    $10,500,000
    42,000 sqft 0.95 AC lot

    New construction features private outdoor areas, full appliance packages, and parking improvements prepared for access control.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Six-Unit Apartment Building with Carports
    Six-Unit Apartment Building with Carports

    7307 E 6th Avenue, Spokane Valley, WA 99212

    $699,000
    2,940 sqft

    Six-unit Spokane Valley apartment property with covered carports, coin laundry, off-street parking, and updated utilities.

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    Five-Townhome Apartment Community
    Five-Townhome Apartment Community

    12402 E Broadway Ave, Spokane Valley, WA 99216

    $1,495,000
    1,030 sqft 0.55 AC lot

    Built in 2020, Eastside Estates is a CMU-zoned apartment community with in-unit washer and dryer plus attached garages per unit.

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    Spokane Valley Townhome Units
    Spokane Valley Townhome Units

    12402 E Broadway Ave, Spokane Valley, WA 99216

    $1,495,000
    1,871 sqft

    Five modern townhome units in Spokane Valley location.

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    New Multifamily Property in Spokane
    New Multifamily Property in Spokane

    15922 E Valleyway Ave, Spokane Valley, WA 99037

    Contact for pricing
    51,546 sqft

    Newly constructed 51-unit multifamily property in Spokane Valley.

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    New Construction Apartment Buildings
    New Construction Apartment Buildings

    13217 E 3rd Ln, Spokane Valley, WA 99016

    Contact for pricing
    24,314 sqft

    Two new 12-unit apartment buildings in Spokane Valley.

    View details
    Based on your search, we've compiled 58 Potential Opportunities for your consideration. Besides 9 Active listings in Spokane Valley, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 44 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Eight-Unit Boone Apartments with Mini Storage
    Eight-Unit Boone Apartments with Mini Storage

    3004 E Boone Ave, Spokane, WA 99202

    $1,350,000
    9,294 sqft 0.43 AC lot

    Eight 1-bedroom units are currently 100% occupied plus 28 mini storage units with a secured gated entrance.

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    Boone Apartments and Mini Storage
    Boone Apartments and Mini Storage

    3004 E Boone Ave, Spokane, WA 99202

    $1,350,000
    9,294 sqft

    Mixed-use multifamily and mini storage property with apartment and secured gated storage access on-site parking.

    View details
    Four-Unit Brick Apartment Building
    Four-Unit Brick Apartment Building

    5634 E Commerce Ave, Spokane, WA 99207

    $675,000
    8,832 sqft 0.56 AC lot

    Four renovated apartments with shared laundry in a 1913 brick building, zoned GC-70, with 25 parking spaces on a corner lot.

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    Corner Lot Mixed-Use Property
    Corner Lot Mixed-Use Property

    5634 E Commerce Ave, Spokane, WA 99207

    $675,000
    8,832 sqft

    Zoned GC-70 mixed-use building with residential apartments, professional offices, and multiple commercial studio spaces on a corner lot.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Multi-Family Zoned Lot Near EWU
    Multi-Family Zoned Lot Near EWU

    7 5th Street, Cheney, WA 99004

    $460,000
    16,000 sqft 0.37 AC lot

    16,000 sq ft multi-family zoned lot near Eastern Washington University.

    View details

    Off-Market Properties in Spokane Valley, WA

    Consider similar Off-Market properties in Spokane Valley, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4507 Sullivan Rd
    APARTMENT HOUSE (5+ UNITS)

    4507 Sullivan Rd, Spokane Valley, WA 99216-3535

    $2,400,000
    Estimated value
    3,946 sqft 1.01 AC lot
    View details
    4517 Sullivan Rd
    APARTMENT HOUSE (5+ UNITS)

    4517 Sullivan Rd, Spokane Valley, WA 99216-3526

    $2,400,000
    Estimated value
    400 sqft 1.01 AC lot
    View details
    10003 4th Ave
    APARTMENT HOUSE (5+ UNITS)

    10003 4th Ave, Spokane Valley, WA 99206-3004

    $195,000
    Estimated value
    1.26 AC lot
    View details
    2121 Lily Rd
    APARTMENT HOUSE (5+ UNITS)

    2121 Lily Rd, Spokane Valley, WA 99212-1457

    $620,000
    Estimated value
    1,200 sqft 0.32 AC lot
    View details
    6020 4th Ave
    APARTMENT HOUSE (5+ UNITS)

    6020 4th Ave, Spokane Valley, WA 99212-0405

    $2,555,000
    Estimated value
    6.00 AC lot
    View details
    1024 Houk Rd
    APARTMENT HOUSE (5+ UNITS)

    1024 Houk Rd, Spokane Valley, WA 99216-0512

    $175,000
    Estimated value
    2,876 sqft 0.63 AC lot
    View details
    18107 Broadway Ave
    APARTMENT HOUSE (5+ UNITS)

    18107 Broadway Ave, Spokane Valley, WA 99016-9846

    $150,000
    Estimated value
    1,556 sqft 4.03 AC lot
    View details
    2705 Pnes Rd
    HIGH-RISE APARTMENTS

    2705 Pnes Rd, Spokane Valley, WA 99206-6678

    $2,240,000
    Estimated value
    7,808 sqft 0.38 AC lot
    View details
    12420 Mansfield Ave
    APARTMENT HOUSE (5+ UNITS)

    12420 Mansfield Ave, Spokane Valley, WA 99216-2705

    $1,855,000
    Estimated value
    22,938 sqft 4.43 AC lot
    View details
    13131 Mirabeau Pkwy
    APARTMENT HOUSE (5+ UNITS)

    13131 Mirabeau Pkwy, Spokane Valley, WA 99216-7039

    $295,000
    Estimated value
    0.91 AC lot
    View details
    13129 Valleyway Ave
    HIGH-RISE APARTMENTS

    13129 Valleyway Ave, Spokane Valley, WA 99216-0881

    $815,000
    Estimated value
    3,496 sqft 6.34 AC lot
    View details
    302 Argonne Rd
    APARTMENT HOUSE (5+ UNITS)

    302 Argonne Rd, Spokane Valley, WA 99212-2801

    $205,000
    Estimated value
    2,508 sqft 0.60 AC lot
    View details
    4223 Progress Rd
    HIGH-RISE APARTMENTS

    4223 Progress Rd, Spokane Valley, WA 99216-1352

    $115,000
    Estimated value
    5,568 sqft 0.19 AC lot
    View details
    12202 6th Ave
    APARTMENT HOUSE (5+ UNITS)

    12202 6th Ave, Spokane Valley, WA 99206-6435

    $215,000
    Estimated value
    0.50 AC lot
    View details
    11106 4th Ave
    APARTMENT HOUSE (5+ UNITS)

    11106 4th Ave, Spokane Valley, WA 99206-5566

    $205,000
    Estimated value
    0.39 AC lot
    View details

    Spokane Valley, WA Apartment Buildings Market Trends and Statistics

    Explore 53 apartment buildings for sale in Spokane Valley, WA, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 177,103 square feet of properties for sale, with an estimated market value of $23,933,000.

    Sale prices for two-family homes in Spokane Valley, WA start at $699,000, averaging $3,419,000, and reaching up to $10,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 170K
    Population Growth (5Y) +11.9%
    Median Household Income $79,674
    College Educated 27.1%

    High-Yield Neighborhoods for Investment

    Identify Spokane Valley submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Spokane $4.4M
    Veradale $12M

    Listings Trend

    New vs delisted commercial listings in Spokane County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Spokane County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Spokane Valley fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Spokane Valley, WA

    • 99206
    • 99212
    • 99216
    • 99016
    • 99037

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