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    17121 Boone Ave Spokane Valley, WA 99016

    Sponsored
    For Sale
    $765,000

    2-Unit, 2022 Built, High ROI

    Property size:
    3,016 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2-unit apartment building, constructed in 2022, presents a compelling investment opportunity in the desirable Spokane Valley, WA. Located at 17121 E Boone Ave, 99016, this property boasts a total of 3,016 square feet and offers a strong 4.78% capitalization rate with a Net Operating Income (NOI) of $36,594. Each unit is a beautifully appointed townhome-style residence featuring attached two-car garages, adding significant value and appeal to potential tenants. Modern finishes throughout include Huntwood cabinets and luxury vinyl plank (LVP) flooring, creating a sophisticated and desirable living space. The kitchens are equipped with stainless steel appliances, and each unit includes a washer and dryer for added convenience. A spacious primary suite in each unit provides a private retreat, complete with a walk-in closet and private bathroom. This property is ideally suited for investors seeking a high-return, low-maintenance investment in a thriving Spokane Valley location. The asking price is $765,000. This turnkey investment is ready for immediate income generation. Don't miss this chance to add a high-performing asset to your portfolio.

    Property Features for 17121 Boone Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,016 SF

    Building Details

    Year Built
    2022
    Units
    2

    HighLights

    • $765,000 asking price for this Spokane Valley, WA duplex.
    • Multifamily investment property with a 4.78% cap rate.
    • 3,016 square feet, generating a $36,594 Net Operating Income (NOI).
    • Two‑unit apartment building, built in 2022.
    • Located at 17121 E Boone Ave, Spokane Valley, WA 99016.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.173912
    Latitude
    47.668246

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    FAQs

    What type of property is this?
    Multifamily property - 2-Unit, 2022 Built, High ROI
    Where is this multifamily property located?
    The property is located at 17121 Boone Ave Spokane Valley, WA.
    What is the asking price?
    The asking price for this property is $765,000.
    What are key features of this property?
    This property features: $765,000 asking price for this Spokane Valley, WA duplex.; Multifamily investment property with a 4.78% cap rate.; 3,016 square feet, generating a $36,594 Net Operating Income (NOI).
    Request Owner's contact information
    17121 Boone Ave Spokane Valley, WA 99016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17121 Boone Ave Spokane Valley, WA 99016
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