Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    13218 3Rd Ln Spokane, WA 99216

    Sponsored
    For Sale
    $3,000,000

    12-unit, new construction, prime location

    Property size:
    12,157 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a brand-new, 12-unit apartment building poised for immediate construction in Spokane Valley, Washington. Located at 13218 E 3rd Ln, Spokane, WA 99216, this property boasts a prime location, conveniently situated near the Appleway walking trail and major retail establishments including Safeway and Target. The building, encompassing 12,157 square feet across three stories, sits on a 0.53-acre lot. All twelve units are designed as spacious two-bedroom, two-bathroom apartments, catering to a high demand market. Construction is ready to commence upon sale, eliminating the delays and expenses associated with land development and engineering. Building permits are already secured, ensuring a streamlined and efficient construction process. This turnkey project offers a unique opportunity to acquire a fully permitted, ready-to-build apartment complex, representing a significant advantage in the current market. The building is projected to be completed in 2024. This is an exceptional opportunity for investors seeking immediate returns and a strong foothold in the Spokane Valley real estate market. The asking price for the complete project is $3,000,000. A separate option to purchase the lot with permits and plans is also available for $600,000.

    Property Features for 13218 3Rd Ln

    General Information

    Property type
    Multifamily properties
    Square Feet
    12,157 SF
    Lot Size
    23,087 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    3
    Units
    12

    HighLights

    • $3,000,000 asking price for a 12‑unit apartment building.
    • New construction, to be built in 2024.
    • 12,157 square feet on a 0.53‑acre lot in Spokane Valley, WA.
    • Twelve two‑bedroom, two‑bathroom units.
    • Building permits are secured; construction ready to begin immediately.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.22659
    Latitude
    47.654551

    Nearby Similar for Sale

    • $399,900
      Pending

      Spokane Mixed-Use Property with Shop

      Live and work from home with shop and acreage.
      7318 N Julia St, Spokane, WA 99217
      View Details
    • $1,825,000
      6,956 SF

      Historic Lowell School in Spokane

      Iconic schoolhouse with original details, ready for business ideas.
      2225 S Inland Empire Way, Spokane, WA 99224
      View Details
    • $340,000
      2,234 SF

      Updated Commercial Property with GC-70 Zoning

      Updated property with GC-70 zoning, suitable for various uses.
      2012 N Ruby St, Spokane, WA 99207
      View Details
    • $675,000
      Pending

      Spokane Mixed-Use Commercial Landmark

      Historic mixed-use property with income potential in Spokane, Washington.
      5634 E Commerce Ave, Spokane, WA 99207
      View Details
    • $990,000
      8,020 SF

      Spokane Commercial Property For Sale

      Commercial property with showroom and easy freeway access in Spokane.
      3626 E Trent Ave, Spokane, WA 99202
      View Details
    • $700,000
      Pending

      Spokane Adult Family Home

      Well-established, income-producing adult family home in a peaceful neighborhood.
      4414 S Helena St, Spokane, WA 99223
      View Details
    • $675,000
      Pending

      Spokane Adult Family Home

      Well-established, income-producing adult family home in a peaceful neighborhood.
      2214 E 36Th Ave, Spokane, WA 99203
      View Details
    • $875,000
      0.44 Acres

      Mixed-Use Property in Spokane Valley

      Adaptable mixed-use property with office and warehouse space for sale.
      106 N Hutchinson Rd, Spokane, WA 99212
      View Details
    • $449,900
      3,338 SF

      Spokane Commercial Office For Sale

      Multifunctional office space in a high-traffic Spokane location.
      116 E Nora Ave, Spokane, WA 99207
      View Details
    • $450,000
      2,836 SF

      Spokane Valley Live/Work Opportunity

      Versatile property with residential comfort and light commercial zoning.
      112 N Bowdish Rd, Spokane, WA 99206
      View Details
    • $699,900
      5,472 SF

      Spokane Office Building For Sale

      Centrally located office building with conversion potential.
      1915 N Division St, Spokane, WA 99207
      View Details
    • New
      $1,299,000
      9,000 SF

      Spokane Commercial Opportunity

      9,000 SF Spokane commercial property on 1.89 acres.
      1611 W Geiger Blvd, Spokane, WA 99224
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 12-unit, new construction, prime location
    Where is this multifamily property located?
    The property is located at 13218 3Rd Ln Spokane, WA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: $3,000,000 asking price for a 12-unit apartment building.; New construction, to be built in 2024.; 12,157 square feet on a 0.53-acre lot in Spokane Valley, WA.
    Request Owner's contact information
    13218 3Rd Ln Spokane, WA 99216
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13218 3Rd Ln
    Spokane, WA 99216
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    13218 3Rd Ln Spokane, WA 99216
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.