$10,500,000
Reduced 3% · Save $350,000
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
About This Home
New Construction "42 Unit - Mason Apartment Complex" on nearly an Acre Site! There are 36 - 2 Bedroom/2 Bathroom Units and 6 - 1 Bedroom/1 Bathroom Units. Each Unit is well appointed to include Hard Surface Countertops, Laminate Flooring, 10’ Ceilings and Primary Bedrooms have Walk-in Closets. All Units have Mini-splits or PTAC units for Heating & Cooling, full appliance packages including washer and dryer, and each unit also has a Private Patio or Deck. There are 85 Parking Spots (with 12 EV Stalls) and the Security Gate is Roughed-in for the Parking Lot – Asphalt is done and parking lines painted! RENT STUDY - 1 Bed/1 Bath Units (6 total) at $1,350.00 each and 2 Bed/2 Bath (36 total) at $1,825.00 each for a monthly estimate of $73,800.00. Annual Total Income - $885,600.00. Total Annual Expenses (estimated) are $243,008.00 and the NOI - $624,879.00.
Property Details
Property Type
Commercial
Year Built
2026
County
Spokane
Lot Size
0.95 acres
Living Area
42,000 sqft
Price / Sqft
$250
Schools
Elementary: Central Valley, Middle: North Pines, High: Central Valley
Days on Market
136 days
MLS #
SAR202615194
Parcel #
45164.0585
Total Building Area
42,000 sqft
MLS Area
A110/070
MLS Class
Commercial
Listing Terms
Conventional, Cash
Road Frontage
City Street, Paved Road
Lease Considered
No
Street Direction
E
Listed On
Apr 10, 2026
Status Changed
Aug 17, 2026
Last MLS Update
Aug 18, 2026
MLS Branch
513
Original List Price
$10,850,000
School Information
Elementary
Central Valley
Middle School
North Pines
High School
Central Valley
Home Features & Details
Construction
Roof
Basement
Heating
Cooling
Accessibility
Views
Lot Features
Listed By
Eric Peterson
Keller Williams Spokane - Main
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
Estimated Monthly Payment
$56,875/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
Loading map...
Comparable Properties
Thinking of Selling?
Get Joey's Full-Service Marketing
Professional photography, targeted advertising, and expert negotiation for every Spokane Valley home — no matter the price point.