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

1519 N Bell St, Spokane Valley, WA 99016

Twenty-four three-bedroom residences include in-unit laundry and separate attached garages.

Property Size1,500 SF
Price / SF$5,983
Days on Market5

Property Features for 1519 N Bell St

General Information

Standard status Active
Size 1,500 SF
Total Parking Spaces 24
Property subtype Multi Family
Occupancy 96%

Property Condition

Severity Repairs Needed
Evidence minimal deferred maintenance

Units

Unit Mix 24 x 3BR/2BA
Multifamily Units 24

Additional Details

Gross Income $677,904

Amenities

in-unit laundry

Building Details

Buildings 12
Listing Agency: LT Real Estate
Listed By: Ryan Towner · License #24027253
Source: Brokersinclair
Added: Oct 11 Last Checked: Oct 14 at 10:54PM

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 Spokane Valley offering comprises 12 recently constructed duplexes with 24 units. Each residence has three bedrooms and two bathrooms, along with durable LVP flooring, stainless steel appliances, and in-unit laundry. Separate attached garages serve each unit.

The portfolio is 95.5% occupied. Its configuration combines multiple duplex buildings with consistent unit layouts and individual garages across the property.

Key Highlights

  • 12 duplexes with 24 total units
  • Each residence has 3 bedrooms and 2 bathrooms
  • 95.5% occupied

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Duplex - Twenty-four three-bedroom residences include in-unit laundry and separate attached garages.
Where is this duplex located?
The property is located at 1519 N Bell St 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 with 24 total units; Each residence has 3 bedrooms and 2 bathrooms; 95.5% occupied
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