205 S Elizabeth Rd, Spokane Valley, WA 99212
205 S Elizabeth Rd, Spokane Valley, WA 99212
205 S Elizabeth Rd, Spokane Valley, WA 99212
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Listed by Jeff Hornberger • The Hornberger Group, LLC
$615,000
Est. payment /mo
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2,496 SqFt
New

205 S Elizabeth Rd Spokane Valley, WA 99212

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Jonathan Biron

Jonathan Biron

+1(818) 903-9078

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 2,496 sqft

Price per Sqft $246

MLS Listing ID 202617225

Style Ranch

Year Built 1951

Annual Tax Amount $5,280

Lot Size 7,405 Sqft

Lot Dimensions 0.17

Property Sub-Type Residential Income

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

Location

State WA

County Spokane

Rooms

Basement Crawl Space

Interior

Heating Electric, Ductless

Appliance Free-Standing Range, Dishwasher, Refrigerator

Exterior

Parking Features None

Amenities Available Laundry

View Y/N true

View Territorial

Roof Type Composition

Building

Lot Description Level, City Bus (w/in 6 blks)

Story 1

Architectural Style Ranch

Structure Type Vinyl Siding

Schools

Elementary Schools Scott

Middle Schools Chase

High Schools Ferris

School District Spokane Dist 81

Others

Acceptable Financing FHA, VA Loan, Conventional, Cash

Listing Terms FHA, VA Loan, Conventional, Cash

Nearby Locations

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Jonathan Biron

Jonathan Biron

Broker | License ID: 120755

+1(818) 903-9078

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205 S Elizabeth Rd