New Apartment Complex in
11802 E Main Ave, Spokane Valley, WA 99206
COMMERCIAL - Spokane Valley, WA
Property size:
42,000 SFLot size:
0.95 AcresPrice / SF:
$258/SF- Added:
- Apr 10, 2026
- Days on Market:
- 48
- Last Refresh:
- May 27 at 10:06 pm
Property Features for 11802 E Main Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Standard status
- Active
- APN
- 45164.0585
- Size
- 42,000 SF
- Lot size
- 0.95 Acres
Building Details
- Year built
- 2026
- Floors in Building
- 3
- Building materials
- Masonite
- Roof type
- Composition
Listing agent Eric Peterson License #50426 (509) 458-4000
Listing office Keller Williams Spokane - Main 534 E Spokane Falls Blvd Suite 300, Spokane, WA (509) 458-4000
Listing date Apr 10, 2026
MLS# 202615194
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- New Construction: 42‑unit apartment complex (completion approx. July 2026).
- High Income Potential: Estimated Net Operating Income (NOI) of $624,879 annually.
- Mix of Units: 36 - 2 Bed/2 Bath units and 6 - 1 Bed/1 Bath units.
- Desirable Amenities: Each unit includes washer/dryer, private patio/deck, hard surface countertops, and laminate flooring.
- Ample Parking: 85 parking spots, including 12 EV charging stalls.
- Enhanced Features: 10' ceilings, walk‑in closets in primary bedrooms, and mini‑split/PTAC units for heating/cooling.
Overview
This new construction, 42-unit apartment complex is situated on nearly an acre. The property features 36 two-bedroom, two-bathroom units and 6 one-bedroom, one-bathroom units. Each unit will be well-appointed, including hard surface countertops and laminate flooring throughout. The complex offers 85 parking spots, with 12 designated as EV stalls. All units include washer/dryers and private patios or decks. The units feature 10-foot ceilings, and the primary bedrooms have walk-in closets. Heating and cooling are provided by mini-splits or PTAC units in each unit. A security gate is roughed-in for the parking lot, and asphalt work is starting soon. A rent study estimates $1,350.00 per month for each one-bedroom unit and $1,825.00 per month for each two-bedroom unit, resulting in a monthly estimate of $73,800. The total estimated annual income is $885,600, with total annual expenses estimated at $243,008, resulting in a net operating income (NOI) of $624,879. The approximate completion date is July 2026. The property is located in Spokane Valley, WA.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Spokane Valley
- County
- Spokane
- State
- Washington
- Longitude
- -117.2461461
- Latitude
- 47.6585175
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 42-unit apartment complex with modern amenities, completion July 2026.
Where is this apartment building located?
The property is located at 11802 E Main Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $10,850,000.
What are key features of this property?
This property features: New Construction: 42‑unit apartment complex (completion approx. July 2026).; High Income Potential: Estimated Net Operating Income (NOI) of $624,879 annually.; Mix of Units: 36 - 2 Bed/2 Bath units and 6 - 1 Bed/1 Bath units.
