New Construction Apartment Complex

11802 E Main Ave Spokane Valley, WA 99206

Claim this Listing
For Sale
$10,850,000

COMMERCIAL - Spokane Valley, WA

Property size:
42,000 SF
Lot size:
0.95 Acres
Price / SF:
$258/SF
Added:
Apr 10, 2026
Days on Market:
94
Last Refresh:
Jul 12 at 5:06 am

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

Listing office Keller Williams Spokane - Main 534 E Spokane Falls Blvd Suite 300, Spokane, WA

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.


Investment Insights

Based on property information with market context.

This new-construction multifamily property will deliver a 42-unit apartment complex on a nearly one-acre site. The mix includes 36 two-bedroom, two-bath units and 6 one-bedroom, one-bath units. Each unit is planned with hard-surface countertops, laminate flooring, 10-foot ceilings, and primary bedrooms with walk-in closets. Heating and cooling will be provided via mini-splits or PTAC units, and each home will include a full appliance package with a washer and dryer. Units are also planned with a private patio or deck.

The project will include 85 parking spaces, including 12 EV stalls. A security gate is roughed in for the parking lot, with asphalt and parking lines already completed. The approximate completion date is July 2026.

For buyers seeking an in-progress build with a defined unit mix and built-in in-unit amenities, this property offers a straightforward scale at 42 apartments and a parking plan that includes EV-ready spaces. The provided rent study also outlines a current basis for projected performance, along with estimated annual expenses and NOI.

Key Highlights

  • New construction 42‑unit apartment complex (Year Built 2026), estimated completion July 2026
  • Unit mix: 36 two‑bedroom/2‑bath and 6 one‑bedroom/1‑bath units
  • Each unit includes hard surface countertops, laminate flooring, 10' ceilings, and a primary bedroom walk‑in closet

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Big Box & Wholesale Store Building Supply HVAC Service Electrical Service Garden Center Hotel & Motel Auto Parts Store Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - New 42-unit apartment complex featuring 10-foot ceilings, patios or decks, and dedicated parking with EV charging spaces.
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 (Year Built 2026), estimated completion July 2026; Unit mix: 36 two‑bedroom/2‑bath and 6 one‑bedroom/1‑bath units; Each unit includes hard surface countertops, laminate flooring, 10' ceilings, and a primary bedroom walk‑in closet
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