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    55+ Gated Multifamily Community Title is generated by Realmo AI

    19106 E Sprague Ave, Spokane Valley, WA 99037

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    For Sale
    $12,000,000

    2016-built 55+ gated community with a on-site clubhouse, ADA-friendly apartments, and tenant-paid electricity.

    Type:Multifamily
    Lot size:
    4.26 Acres
    Added:
    Jun 25, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 27 at 3:14 am

    Property Features for 19106 E Sprague Ave

    General Information

    Standard status
    Active
    Lot size
    4.26 Acres
    Property subtype
    Multifamily

    Building Details

    Year Built
    2016

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    Guy D. Byrd, SIOR

    Listing office

    Listing date Jun 25, 2026

    Source Svncornerstone

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Guy D. Byrd, SIOR

    HighLights

    • Gated 55+ community covering 4.26 acres, built in 2016, with an on‑site clubhouse for resident events
    • 16 three‑bedroom, two‑bath units built in 2016; each unit is 1,250 SF and includes a two‑car garage
    • 15 two‑bedroom, two‑bath units in addition to the 3‑bed units, including 13 units with two‑car garages (2 with oversized one‑car garages)
    • Units include LVT flooring in kitchens and bathrooms and laminate on other surfaces, plus granite kitchen islands
    • ADA‑friendly (not ADA compliant); tenants are responsible for the electric bill
    • Clubhouse supports community events; tenants may have potential to charge for rubs and raise rents

    Overview

    Constructed in 2016, this 55+ gated community multifamily property includes 31 total units across a club-house setting on 4.26 acres. The mix features (16) three-bedroom, two-bath units and (15) two-bedroom, two-bath units, with the three-bedroom units described as approximately 1,250 SF each. Many units provide attached garages, including two-car garages, with notes that 13 units have two-car garages and two of those include oversized one-car configurations. Interior finishes include LVT in kitchens, granite kitchen islands, and laminate on other surfaces. The units are described as ADA friendly but not ADA compliant. Tenants are responsible for electricity.

    The property is located in Spokane Valley and operates as a gated community. It is designed for residents seeking active, community-focused living, with a clubhouse on site used for resident events.

    For buyers and operators, the combination of a controlled-access 55+ setting, apartment interiors featuring durable flooring and updated kitchen finishes, and on-site shared amenities like the clubhouse can support a consistent rental program. The current unit configuration—studied around two- and three-bedroom layouts with attached parking—can also appeal to tenants looking for single-level convenience and garage access, while the utility responsibility structure is clearly defined as tenant-paid electricity.
    Location Intelligence

    Current Use by Public Records

    Whispering Pines : A 55+ ... Property Management Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.1475778
    Latitude
    47.6559474

    FAQs

    What type of property is this?
    Apartment building - 2016-built 55+ gated community with a on-site clubhouse, ADA-friendly apartments, and tenant-paid electricity.
    Where is this apartment building located?
    The property is located at 19106 E Sprague Ave Spokane Valley, WA.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: Gated 55+ community covering 4.26 acres, built in 2016, with an on‑site clubhouse for resident events; 16 three‑bedroom, two‑bath units built in 2016; each unit is 1,250 SF and includes a two‑car garage; 15 two‑bedroom, two‑bath units in addition to the 3‑bed units, including 13 units with two‑car garages (2 with oversized one‑car garages)
    More about this property
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