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12-Duplex New Construction Portfolio
For Sale
$8,975,000

1519 Bell, Spokane Valley, WA 99016

Modern residential income property with three-bedroom units, private garages, in-unit laundry, and durable interior finishes.

Property SizeContact for details
Days on Market23

Property Features for 1519 Bell

General Information

Standard status Active
Total Parking Spaces 24
Property subtype Multi Family Home
Occupancy 96%

Units

Unit Mix 24 x 3BR/2BA
Multifamily Units 24
Parking per Unit 1

Additional Details

Gross Income $677,904

Amenities

LVP flooring
stainless steel appliances
in-unit laundry
Garage: Attached
Garage Spaces: 2
Attached
2

Building Details

Year Built 2023
Buildings 12
Listing Agency: LT Real Estate
Listed By: Ryan Towner · License #24027253
Source: Clearwaterproperties
Added: Aug 8 Changed: Aug 29 Last Checked: Aug 30 at 4:18PM

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 LT Real Estate

Investment Insights

Based on property information with market context.

This residential income property comprises 12 duplexes containing 24 total units, with each residence offering three bedrooms and two bathrooms. Built in 2023, the units feature LVP flooring, stainless steel appliances, in-unit laundry, and a separate attached garage for each unit. The configuration provides a consistent unit layout across the portfolio and contemporary building improvements suited to long-term residential occupancy.

The property is located at 1519 Bell in Spokane Valley, Washington. Current occupancy is 95.5%, and the portfolio has an established rental history. Its attached-garage design, in-unit laundry, and durable finishes provide practical features across all residences.

Key Highlights

  • 12 duplexes totaling 24 residential units
  • Each unit includes 3 bedrooms and 2 bathrooms
  • Built in 2023

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Hair Salon Parking Lot & Garage HVAC Service Nail Salon Electrical Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units
95.5%
Occupancy

Location Intelligence

Trade Area within ½ mile

269
Businesses Nearby

Demographics for 99016, WA

18,496
Population
8,004
Households
2.3
Avg Household Size
38
Median Age
38%
College-Educated
95%
High-School Grad
24.6 sq mi
ZIP Area
752
Density / Sq Mi
$94,253
Median Household Income
$56,661
Median Earnings
$1,715
Median Rent
$450,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Modern residential income property with three-bedroom units, private garages, in-unit laundry, and durable interior finishes.
Where is this duplex located?
The property is located at 1519 Bell Spokane Valley, WA.
What is the asking price?
The asking price for this property is $8,975,000.
What are key features of this property?
This property features: 12 duplexes totaling 24 residential units; Each unit includes 3 bedrooms and 2 bathrooms; Built in 2023
More about this property
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