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Eastside Estates 12402 E Broadway Ave 5 Unit Apartment Building $1,550,000 ($310,000/Unit) 4.78% Cap Rate Spokane Valley, WA 99216
Investment Highlights
- Newer Construction (2020) – Modern building with efficient systems and low anticipated maintenance
- Investor-Friendly Spokane Valley – Fewer regulatory hurdles and 90-day rent increase notices (vs. 180 days in the City of Spokane)
- Immediate Rental Upside – Average in-place rents of $2,063 vs. $2,200 market
- Large, High-Quality Units – 1,871 SF layouts with modern finishes, in-unit W/D, private patios/balconies, off-street parking, and deep one-car garages
- Strong Rental Demand – Desirable Spokane Valley location near I-90, schools, parks, and major employment centers
Executive Summary
SVN Cornerstone is pleased to present the Eastside Estates for sale located at 12402 E Broadway Ave in the Spokane Valley. The Eastside Estates consist of 5 two-story townhome units, each offering three bedrooms and three bathrooms. The property features newer construction with high end finishes, one attached garage per unit, in unit washer and dryer, and kitchen islands designed for modern living.
Property Facts
| Price | $1,550,000 | Apartment Style | Townhome |
| Price Per Unit | $310,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 4.78% | Building Size | 10,030 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2021 |
| Zoning | CMU - Corridor Mixed Uses | ||
| Price | $1,550,000 |
| Price Per Unit | $310,000 |
| Sale Type | Investment |
| Cap Rate | 4.78% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.56 AC |
| Building Size | 10,030 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2021 |
| Zoning | CMU - Corridor Mixed Uses |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Microwave
- Heating
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Sprinkler System
- Tub/Shower
- Walk-In Closets
- Carpet
- Deck
- Family Room
- Island Kitchen
- Pantry
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 5 | - | 1,480 |
Property Taxes
| Parcel Number | 45153.0418 | Improvements Assessment | $1,300,560 |
| Land Assessment | $190,940 | Total Assessment | $1,491,500 |
Property Taxes
Parcel Number
45153.0418
Land Assessment
$190,940
Improvements Assessment
$1,300,560
Total Assessment
$1,491,500
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Eastside Estates | 12402 E Broadway Ave
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