Number of Units:   4
Vacancy Rate:   2850.00

Financial
Electrical Expenses:   $259
Water/Sewer/Garbage:   $1,608
Insurance Expenses:   $1,340
Other Expenses:   $11,838
Total Expeses:   $21,656
Total Monthly Income:   $4,750
Net Operating Income:   $32,494
Gross Adjusted Income:   $54,150
Gross Scheduled Income:   $57,000
Cap Rate (NOI / Listing Price):   $5.65
Gross Rent Multiplier:   $10.00

-= Building Details =-

Year Built:   1955
Number of Stories:   2
Roof:   Flat
Exterior:   Brick
Foundation:   See Remarks
Approx. Sq Ft:   2,750
Leased Items:   None

-= Unit Details =-

-= Site Details =-

Lot Size:   10,800 Sq Ft
Lot Details:   Corner Lot

Utilities
Energy Source:   Electric
Water Source:   Public

Parking
Number of Carport Spaces:   2
Total Number of Parking Spaces:   2

-= Location Information =-

Address:   5010 E 1st Avenue, Spokane Valley, WA 99212
City:   Spokane Valley
State:
Zip Code:   99212
Latitude:   47.65599300
Longitude:   -117.33655100
Driving Directions:   From Sprague Ave, turn south on S Carnahan Rd. The property is at the corner of E 1st Ave and S Carnahan Rd.

-= Community Information =-

Community Name:   Spokane Valley
School District:   Spokane
Elementary School:   Buyer To Verify
Junior High School:   Chase Mid
Senior High School:   Ferris High

-= Assessor Information =-

County:   Spokane
Tax Number:   35232.1414
Zoning Jurisdiction:   City
Tax Amount:   $6,611   Tax amount may change after sale.
Tax Year:   2025

-= Purchase Information =-

Listing Price:   $575,000
Potential Terms:   Conventional
3rd Party Approval Required:   None
Possession Allowed:   Closing
Preliminary Title Ordered:   Yes

-= MLS Listing Details =-

Listing Number:   2431713
Listing Status:   Active
Listing Office:   The Paragon Group
Listing Date:   2025-09-10
MLS Area:   Spokane County
Square Footage Source:   Spokane County
Marketing Remarks:   Spacious 4-unit apartment building situated on a corner lot in Spokane Valley. Nestled in a quiet residential neighborhood, the property offers convenient access to I-90, schools, shopping, and everyday amenities. A mix of one- and two-bedroom floorplans, ensuring broad tenant demand. For investors seeking scale, three adjacent triplexes, each on separate parcels, are also available, creating the opportunity to control up to 13 total units. This rare configuration allows for efficient portfolio growth while still qualifying for residential financing.

-= Multiple Listing Service =-

-= Disclaimer =-

The information contained in this listing has not been verified by Katz Realty, Inc. and should be verified by the buyer.
* Cumulative days on market are days since current listing date.

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