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Multifamily Duplex Portfolio
New
For Sale
$8,975,000

1519 N Bell St, Spokane Valley, WA 99016

MultiFamily, Multi Level, Spokane Valley, WA

Property Size1,500 SF
Lot Size39.60 Acres
Price / SF$5,983
Days on Market4

Property Features for 1519 N Bell St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MFR
Bedrooms 72
Full bathrooms 30
Rooms Bedroom 28, Bedroom 61, Bedroom 70, Bedroom 35, Bathroom 29, Bedroom 49, Bedroom 14, Bathroom 23, Bedroom 12, Bedroom 25, Bedroom 50, Bathroom 15, Bathroom 3, Bedroom 3, Bathroom 19, Bathroom 8, Bathroom 28, Bedroom 6, Bedroom 32, Bedroom 33, Bedroom 41, Bedroom 1, Bedroom 10, Bathroom 30, Bedroom 58, Bedroom 45, Bedroom 68, Bathroom 11, Bathroom 5, Bedroom 64, Bedroom 71, Bathroom 13, Bedroom 43, Bedroom 15, Bedroom 11, Bathroom 4, Bedroom 37, Bedroom 42, Bathroom 10, Bedroom 46, Bathroom 25, Bedroom 34, Bedroom 9, Bedroom 62, Bedroom 47, Bedroom 67, Bedroom 44, Bedroom 40, Bedroom 36, Bathroom 12, Bathroom 9, Bedroom 31, Bedroom 52, Bathroom 1, Bathroom 24, Bedroom 20, Bedroom 51, Bedroom 18, Bathroom 22, Bedroom 60, Bedroom 27, Bedroom 72, Bedroom 53, Bedroom 19, Bedroom 38, Bedroom 26, Bathroom 17, Bathroom 6, Bedroom 30, Bedroom 54, Bedroom 23, Bedroom 63, Bedroom 56, Bathroom 14, Bedroom 17, Bathroom 20, Bedroom 8, Bedroom 24, Bedroom 13, Bedroom 55, Bedroom 48, Bedroom 66, Bedroom 29, Bathroom 2, Bedroom 39, Bedroom 69, Bathroom 7, Bedroom 2, Bathroom 21, Bedroom 57, Bedroom 7, Bedroom 4, Bedroom 65, Bedroom 59, Bathroom 16, Bathroom 27, Bathroom 18, Bedroom 21, Bedroom 5, Bedroom 22, Bedroom 16, Bathroom 26
Basement Crawl Space
Lot features Level
Elementary school district Central Valley - 356
Middle school district Central Valley - 356
High school district Central Valley - 356
Directions GPS is accurate
Subdivision Washington Counties
Standard status Active
APN 55182.2104
Size 1,500 SF
Lot size 39.60 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 55182.6104, .6105, .6106, .2101, .2204, .2102, .2203, .2103, .2104, .6203, 55074.7003, 55074.7002
Tax Annual Amount 8175
Legal Description 55182.6104, .6105, .6106, .2101, .2204, .2102, .2203, .2103, .2104, .6203, 55074.7003, 55074.7002

Utilities

Sewer type Public Sewer
Heating system Forced Air, Electric (Heating)
Cooling system Central Air
Water source Public

Amenities

in-unit laundry

Building Details

Year built 2023
Number of units 24
Building materials T1-11, Frame
Roof type Composition
Architectural style Other
Listing Agency: LT Real Estate
Listed By: Ryan Towner · License #24027253
Added: Sep 10 Changed: Sep 12 Last Checked: Sep 13 at 4:06AM
MLS# 26-9260

Copyright © 2026 Coeur d'Alene Multiple Listing Service. 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 apartment portfolio comprises 12 duplexes with 24 total units, including 3-bedroom, 2-bathroom layouts. Completed in 2023, the residences feature LVP flooring, stainless steel appliances, in-unit laundry, central air, forced-air and electric heating, and a separate attached garage for each unit. The property includes composition roofing, frame construction, public water, and public sewer service.

The 39.6-acre property is located at 1519 N Bell St in Spokane Valley, Washington, with MFR zoning. Occupancy is reported at 95.5%. The combination of modern construction, consistent unit layouts, individual garages, and current occupancy provides a clearly defined multifamily configuration.

Key Highlights

  • 12 duplexes comprising 24 total apartment units
  • 24 units with 3 bedrooms and 2 bathrooms each
  • 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?
Apartment building - Twelve duplexes offer modern three-bedroom residences with attached garages, in-unit laundry, and durable LVP flooring.
Where is this apartment building 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 comprising 24 total apartment units; 24 units with 3 bedrooms and 2 bathrooms each; 95.5% occupied
More about this property
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