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The Nathan 15922 E Valleyway Ave 51 Unit Apartment Building $11,985,000 ($235,000/Unit) 5.97% Cap Rate Spokane Valley, WA 99037
Executive Summary
Nathan Apartments is a newly constructed multifamily property located in Spokane Valley. The property consists of 51 units including 23 one-bedroom/one-bath, 1 one-bedroom/two-bath, 15 two-bedroom/one-bath, and 12 two-bedroom/two-bath units, generating approximately $75,721 in monthly rental income. Units feature modern finishes including LVP flooring, quartz countertops, in-unit washers and dryers, spacious open floor plans, and private balconies.
Conveniently located near Spokane Valley shopping and restaurants, Central Valley schools, and Interstate 90, the property benefits from strong rental demand and excellent accessibility in one of the Valley’s most desirable residential areas.
Conveniently located near Spokane Valley shopping and restaurants, Central Valley schools, and Interstate 90, the property benefits from strong rental demand and excellent accessibility in one of the Valley’s most desirable residential areas.
Property Facts
| Price | $11,985,000 | Apartment Style | Low-Rise |
| Price Per Unit | $235,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 2.34 AC |
| Cap Rate | 5.97% | Building Size | 54,634 SF |
| No. Units | 51 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | ||
| Zoning | MF-1 | ||
| Price | $11,985,000 |
| Price Per Unit | $235,000 |
| Sale Type | Investment |
| Cap Rate | 5.97% |
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.34 AC |
| Building Size | 54,634 SF |
| No. Stories | 3 |
| Year Built | 2023 |
| Zoning | MF-1 |
Amenities
Unit Amenities
- Balcony
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Renters Insurance Program
- Smoke Free
- Public Transportation
Property Taxes
| Parcel Number | 45133.1012 | Improvements Assessment | $7,694,120 |
| Land Assessment | $1,017,780 | Total Assessment | $8,711,900 |
Property Taxes
Parcel Number
45133.1012
Land Assessment
$1,017,780
Improvements Assessment
$7,694,120
Total Assessment
$8,711,900
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The Nathan | 15922 E Valleyway Ave
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