205 S Elizabeth Rd, Spokane Valley, WA 99212
Spokane County
Key Facts
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
Property Information
Property Type
Residential Income
Style
Ranch
Year Built
1951
Living Area
2,496 sq ft
Lot Size
0.17 acres
Days on Market
38
MLS® Listing#
202617225
Property Features
- Interior:
- Master Downstairs
- Appliances:
- Free-Standing Range, Dishwasher, Refrigerator
- Heating:
- Electric, Ductless
- Basement:
- Crawl Space
- Parking:
- None
- Lot Features:
- Level
- Construction:
- Vinyl Siding
- Roof:
- Composition
Schools
- Elementary:
- Scott
- Middle:
- Chase
- High:
- Ferris
HOA & Tax
- Annual Tax:
- $5,280
- Parcel #:
- 35241.1903
Directions
From I-90, take the Sullivan Rd exit and head north, then turn left onto Sprague Ave and right onto S Elizabeth Rd. The property will be on your left at 205 S Elizabeth Rd.
Affordability Calculator
$119,000
Estimated monthly payment
$3,167/mo
Principal $476,000 · Est. interest $664,062 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Spokane Valley, WA
- $480,212
- Median Listing Price
- 43
- Median Days on Market
- 2,192
- Median Sq Ft
- $221
- Median Price / Sq Ft
- 1,820
- Active Listings
- This home’s price is 24% above the area median.
- Its price per sq ft is 8% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Spokane Valley, WA.
Location
- 205 S Elizabeth Rd, Spokane Valley, WA 99212
Nearby Schools
Eagle Peak School
School · 0.2 mi away
Woodland Montessori School
Elementary · 0.2 mi away
Centennial Middle School
Secondary · 1.0 mi away
West Valley School District No 363
School · 1.2 mi away
Seth Woodard Elementary
Elementary · 1.2 mi away
Montessori Sprout House
Elementary · 1.4 mi away
West Valley City School
Secondary · 1.4 mi away
Riverday School
Elementary · 1.7 mi away
St Paschal Educare
Elementary · 1.8 mi away
Moody Aviation
School · 1.9 mi away
Ness Elementary School
Elementary · 1.9 mi away
St. John Vianney School
School · 1.9 mi away
Spokane Valley High School
Secondary · 2.0 mi away
Sheridan Elementary School
Elementary · 2.0 mi away
Orchard Center Elementary
Elementary · 2.0 mi away
West Valley High School
Secondary · 2.2 mi away
Valley Christian School
Secondary · 2.2 mi away
Central Valley Early Learning
School · 2.2 mi away
West Valley School District
School · 2.4 mi away
Bright Futures Academy
School · 2.4 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Spokane Valley
Listing Courtesy: The Hornberger Group, LLC - 5099945007