205 S Elizabeth Rd, Spokane Valley, WA 99212
- $585,000
- 2,496
- SqFt
- List Price
- $585,000
- Price Change
- ▼ $5,000 1787709462
- MLS#
- 202617225
- Property Sub-Type
- Residential Income
- Current MLS Listing Sale Status
- Active
- Financing Terms
- FHA, VA Loan, Conventional, Cash
- City
- Spokane Valley
- Acres
- 0.17
Property Description
Well-maintained 5-unit investment opportunity in Spokane Valley featuring four 1 bed / 1 bath units and one 2 bed / 1 bath unit with in-unit laundry. The remaining units are supported by a convenient on-site coin-operated laundry, providing additional income potential. Units have been updated over the years, and major capital expenditures have already been addressed, roof, siding, and windows—offering a more predictable, low-maintenance investment profile. Financially, the property has demonstrated consistent performance with ~$52,900 in trailing 12-month gross income. Current rents range from approximately $795 to $1,095, with additional income from utilities and laundry. The unit mix provides strong demand stability, while the Valley location continues to support long-term rental growth. This is a solid, turn-key asset for investors seeking reliable cash flow, reduced capital expenditure risk, and upside through re
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Additional Information
- Master Bedroom
- 1st Flr
- Primary Bedroom
- 1st Flr
- Year Built
- 1951
- MLS Area/Grid
- SE Urban S I-90
- MLS Area/Grid Number
- A210/074
- Parcel Number
- 35241.1903
- Property Taxes
- $5,280
- School District
- Spokane Dist 81
- Elementary School
- Scott
- Middle School
- Chase
- High School
- Ferris
- Features
- Breakers
- Home Amenities
- Laundry
- Home Total Sq Ft
- 2,496
- Basement
- Crawl Space
- Heating/Cooling
- Electric, Ductless
- Style
- Ranch
- Roof Style
- Composition
- Frontage
- City Street, Paved Road
- Acres MOL
- 0.17
- Lot Size
- 7,620
- Lot Information
- Level, City Bus (w/in 6 blks)
- Property Sub-Type
- Residential Income
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Listing courtesy of SARMLS / The Hornberger Group, LLC
Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.