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:
- 26
- Last Refresh:
- May 5 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.
Overview
New Apartment Complex For Sale
A new construction 42-unit apartment complex is for sale on nearly an acre. The complex features thirty-six 2-bedroom, 2-bathroom units and six 1-bedroom, 1-bathroom units. Each unit will be well-appointed, including hard surface countertops and laminate flooring throughout. There are 85 parking spots, including 12 EV stalls. All units have washer/dryers and private patios or decks. The ceilings are 10' high, and primary bedrooms have walk-in closets. All units have mini-splits or PTAC units for heating and cooling. A security gate is roughed-in for the parking lot, and asphalt is starting soon. A rent study estimates $1,350.00 each for the 1-bedroom/1-bath units and $1,825.00 each for the 2-bedroom/2-bath units, for a monthly estimate of $73,800. The approximate completion date is July 2026. The total income is $915,720, with total annual expenses of $289,367 and a NOI of $626,352. The property size is 42000 square feet and the lot size is 0.95 acres.
Property Profile
Insight Report
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 - New 42-unit apartment complex in Spokane Valley, Washington.
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: Modern 42‑unit apartment complex completed in July 2026.; High Income Potential: Projected Net Operating Income (NOI) of $626,352 annually.; Unit Mix: Consists of 36 two‑bedroom/two‑bathroom units and 6 one‑bedroom/one‑bathroom units.
