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The Marx 3905 S Dishman Mica Rd 32 Unit Apartment Building $7,500,000 ($234,375/Unit) 5.74% Cap Rate Spokane Valley, WA 99206
Investment Highlights
- 32 Units Total – 16 One-Bedroom/One-Bath & 16 Two-Bedroom/One-Bath Units
- $45,583 Monthly Rental Income
- Modern Unit Finishes – LVP Flooring, Quartz Countertops & Stainless Steel Appliances
- In-Unit Washers & Dryers + Carport Parking
- Prime Spokane Valley Location – Minutes to Shopping, Restaurants, I-90 & University High School
Executive Summary
Marx Apartments is a newly constructed 32-unit multifamily property in Spokane Valley consisting of 16 one-bedroom/one-bath units and 16 two-bedroom/one-bath units, generating approximately $45,583 in monthly rental income. Units feature modern finishes including LVP flooring, quartz countertops, stainless steel appliances, in-unit washers and dryers, walk-in closets, and private balconies, with carport parking available for residents.
The property is conveniently located near Spokane Valley retail and restaurants, Interstate 90, and University High School, offering strong rental demand and excellent accessibility within a desirable Spokane Valley corridor.
The property is conveniently located near Spokane Valley retail and restaurants, Interstate 90, and University High School, offering strong rental demand and excellent accessibility within a desirable Spokane Valley corridor.
Property Facts
| Price | $7,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $234,375 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.37 AC |
| Cap Rate | 5.74% | Building Size | 40,000 SF |
| No. Units | 32 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | ||
| Zoning | R-2 | ||
| Price | $7,500,000 |
| Price Per Unit | $234,375 |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.37 AC |
| Building Size | 40,000 SF |
| No. Stories | 4 |
| Year Built | 2023 |
| Zoning | R-2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 32 | - | - |
1 1
Property Taxes
| Parcel Number | 45332.9143 | Improvements Assessment | $0 |
| Land Assessment | $110,000 | Total Assessment | $110,000 |
Property Taxes
Parcel Number
45332.9143
Land Assessment
$110,000
Improvements Assessment
$0
Total Assessment
$110,000
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The Marx | 3905 S Dishman Mica Rd
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