Property summary
This exceptional value-add investment opportunity presents a partially completed 24-unit apartment building in Spokane Valley, WA. Priced at $3,400,000, this Class A property boasts 25,572 square feet of net rentable space across two three-story buildings situated on a 0.99-acre lot (APN 35231.1437). The project, currently 75% building and 85% site work complete, offers a significant upside for a builder-contractor buyer. The property features twelve 2-bedroom/2-bathroom units (876 sq ft… each) and twelve 3-bedroom/2-bathroom units (1,255 sq ft each), distributed evenly between the two buildings. With an estimated $1,000,000 to $1,200,000 remaining to complete construction, the projected stabilized value upon completion is estimated at $6,500,000 or more. The property is zoned MFR and offers a compelling 5.75% cap rate based on the asking price. This is a unique chance to acquire a nearly finished multifamily project in a desirable location, offering substantial potential for profit upon completion. The seller/contractor is open to contracting to finish the project as the general contractor. The property is being sold as-is. This represents a rare opportunity to acquire a high-potential asset at a significantly discounted price.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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