Brand new construction 6 plex located in the heart of the Spokane Valley. Quick access to all areas of town including the colleges, universities, hospitals and freeway. The project is built in 2 buildings, with 3 townhome style units in each building. All units are identical with appx 1800 sq ft 3 bedroom, 2.5 bathroom and 2 car garages. Hardi board lap siding, Huntwood cabinets, Laminate floors on the main floor, carpet upstairs, stainless appliances and mini splits for HVAC. Rents in the area are approximately $2500-3000 per month. Completion date is estimated to be April/May of 2023. One building getting flooring and cabinets, will be completed April. Second building in sheetrock stage. Will work with your 1031 exchange. Sellers are licensed real estate agents in Washington state. Estimated Cap Rate to be 6.54%.
Closed
$2,260,000
8717 E Valleyway Ave, Spokane, WA 99212
18beds
12baths
10,800sqft
Multi Family
Built in 2023
-- sqft lot
$2,294,300 Zestimate®
$209/sqft
$1,781 Estimated rent
Home value
$2,294,300
$2.09M - $2.52M
$1,781/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 21, 2023 at 12:08pm
Listed by:
Samantha Dallas 509-995-2325,
Windermere Valley
Source: SMLS,MLS#: 202313101
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 12
Primary bedroom
- Description: Full Bath
Dining room
- Description: Informal,Eat Bar
Family room
- Description: Great room
Heating
- Electric, Ductless
Appliances
- Included: Free-Standing Range, Dishwasher, Refrigerator
Features
- Hard Surface Counters
- Basement: Slab
- Has fireplace: No
Interior area
- Total structure area: 10,800
- Total interior livable area: 10,800 sqft
Property
Parking
- Total spaces: 12
- Parking features: Attached
- Garage spaces: 6
Features
- Levels: Three Or More
- Stories: 2
Lot
- Size: 0.61 Acres
- Features: Sprinkler - Automatic, Level
Details
- Parcel number: 45184.2103
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Multi Family
Materials
- Masonite
- Roof: Composition
Condition
- Year built: 2023
Community & neighborhood
Location
- Region: Spokane
Other
Other facts
- Listing terms: Conventional,Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2025 | Listing removed | $2,250 |
Source: Zillow Rentals | ||
| 5/29/2025 | Listed for rent | $2,250 |
Source: Zillow Rentals | ||
| 6/15/2023 | Sold | $2,260,000-5.8%$209/sqft |
Source:  SMLS #202313101 | ||
| 5/1/2023 | Pending sale | $2,400,000$222/sqft |
Source: SMLS #202313101 | ||
| 3/31/2023 | Listed for sale | $2,400,000-3.8%$222/sqft |
Source: SMLS #202313101 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $22,844 +10.9% | $1,919,000 +11.5% |
| 2023 | $20,595 +1077% | $1,721,300 +1530% |
| 2022 | $1,750 -34.9% | $105,600 +54.7% |
Find assessor info on the county website
Neighborhood: 99212
Nearby schools
GreatSchools rating
- 7/10Ness Elementary SchoolGrades: 1-5Distance: 0.6 mi
- 4/10Centennial Middle SchoolGrades: 6-8Distance: 0.7 mi
- 6/10West Valley High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Ness
- Middle: Centennial
- High: West Valley
- District: West Valley
Source: SMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$2,294,300
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$2,340,186