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Property profile & analytics
OFF-MARKET
Apartment buildings

1615 Manifold Ln Spokane Valley, WA 99016

8,964 SF Built 2023
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents three brand-new duplexes nestled on a private cul-de-sac in Spokane Valley, WA (99016). The property boasts a total of six units, offering a compelling blend of modern design and high rental potential. Three units are currently leased, generating immediate income, with estimated rental income for the remaining three units projected at $2400 per month. Each unit features modern finishes, including stainless steel appliances, durable hard surface counters, and in-unit washer/dryers. The duplexes showcase a variety of layouts: one is a two-story building with each unit offering three bedrooms, two and a half bathrooms, and 1494 square feet; the other two duplexes each include a three-bedroom, two-bathroom ranch-style unit and a three-bedroom, two and a half-bathroom two-story unit. All units include attached garages. The property's total square footage is 8,964, with an asking price of $2,325,000 ($387,500 per unit and $259.37 per square foot). Landscaping will be completed before closing. These low-maintenance units represent an ideal addition to any investment portfolio, offering strong rental income and potential for appreciation. The property is comprised of three buildings, all constructed in 2023. This is a turnkey investment opportunity with immediate cash flow.

Property profile
Verified
Property type Apartment buildings
Year built 2023
Total area 8,964 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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