11802 E Main Ave, Spokane Valley, WA 99206
Spokane County
Key Facts
Description
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 will be 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. Approximate Completion Date is July 2026.
Property Information
Property Type
Commercial Sale
Year Built
2026
Living Area
42,000 sq ft
Lot Size
0.95 acres
Days on Market
77
MLS® Listing#
202615194
Property Features
Cooling
Heating
Basement
Lot Features
Construction
Roof
Schools
- Elementary:
- Opportunity
- Middle:
- North Pines
- High:
- Central Valley
Financial Details
Parcel Number
45164.0585
Directions
Property is 1 Block North of Sprague. Head East on Sprague, turn L on Perrine, turn L on Main, property on Left.
Affordability Calculator
$2,170,000
Estimated monthly payment
$57,748/mo
Principal $8,680,000 · Est. interest $12,109,372 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Spokane Valley, WA
- $479,323
- Median Listing Price
- 44
- Median Days on Market
- 2,180
- Median Sq Ft
- $221
- Median Price / Sq Ft
- 1,777
- Active Listings
- This home’s price is 2164% above the area median.
- Its price per sq ft is 17% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Spokane Valley, WA.
Location
Points of Interest in Spokane Valley, WA
Showing the Spokane Valley area map.
Nearby Schools
Highbridge School
School · 0.3 mi away
North Pines Middle School
Elementary · 0.4 mi away
North Pines Middle School
Secondary · 0.4 mi away
Gethsemane Lutheran Church
School · 0.5 mi away
Broadway Elementary School
Elementary · 0.6 mi away
Broadway Elementary Pto
Elementary · 0.6 mi away
Dishman Hills High School
Secondary · 0.7 mi away
Spokane Valley Tech
Secondary · 0.7 mi away
Opportunity Elementary
Elementary · 0.8 mi away
Summit School
School · 0.9 mi away
Barker High School
Secondary · 1.0 mi away
Summit School
Elementary · 1.0 mi away
Central Valley Early Learning
School · 1.2 mi away
St. John Vianney School
School · 1.2 mi away
Valley Christian School
Secondary · 1.3 mi away
McDonald Elementary School
Elementary · 1.3 mi away
University Elementary School
Primary School · 1.3 mi away
Ness Elementary School
Elementary · 1.4 mi away
Bowdish Middle School
Secondary · 1.5 mi away
Christian Destiny School
School · 1.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 14124 N Boulder Park Ln, Spokane, WA | $7,950,000 | 5 | 8 | 11,174 |
| 14124 Boulder Park, Spokane, WA | $7,950,000 | 5 | 8 | 11,174 |
| 14124 N Boulder Park Ln, Spokane, WA | $7,950,000 | 5 | 8 | 11,174 |
| 602 N Monroe St, Spokane, WA | $7,999,999 | — | — | 24,396 |
| 1519 N Bell St, Spokane Valley, WA | $9,050,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Spokane Valley
Listing Courtesy: Keller Williams Spokane - Main - 509-710-3928