15809 4Th Ave Spokane Valley, WA 99037
This exceptional investment opportunity presents a brand-new, four-unit townhouse development situated on a sizable 10,890 square foot lot in the thriving Spokane Valley, Washington. Completed in 2024, this two-story building boasts a total of 3,840 square feet of living space, offering a compelling net lease investment. The property is zoned MFR (Multi-Family Residential), ensuring future flexibility and potential for growth. Conveniently located less than two miles from Interstate 90 and the Spokane Valley Mall, this property enjoys excellent access to major transportation routes and retail amenities. Its proximity to the Appleway Trail provides residents with recreational opportunities, while its location near Central Valley High School adds to its appeal. The property is also within walking distance of various restaurants and retail shops. The seller will provide the buyer with existing plans and permits, streamlining the acquisition process. This is a turnkey investment ready for immediate income generation. The APN is 45242.0641, and the address is 15809 E 4th Ave, Spokane Valley, WA 99037. Don't miss this chance to own a high-yield property in a rapidly expanding market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.