Kathy Bixler
Residential Specialist
REALTOR®
BEDS2
BATHS1
SQUARE FEET2,496
MLS#202617225
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSpokane Dist 81
Property 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 Features
Property Type: Multi Unit - Multiple
Basement: Crawl Space
Lot Size: 0.17 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $5,280
Year Built: 1951
Feature Descriptions
Association Amenities: Laundry
Days on Site: 7
Exterior: Vinyl Siding
Heating/Cooling: Electric, Ductless
Lot: Level, City Bus (w/in 6 blks)
Parcel#: 35241.1903
Parking: None
Special View Info: Territorial
SQ. FT. Total: 2496
Local Schools
High School: Ferris
Middle School: Chase
Elementary School: Scott
School District: Spokane Dist 81
Listed By / Shown By
Listed By
Agency Name: The Hornberger Group, LLC
Shown By
Agent Name: Kathy Bixler
Agent Phone: (509) 879-4493
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 1,988.10 per month $1,368.72 Principal & Interest $440.00 Property Tax $179.38 Homeowner's InsuranceChange Payment Information
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205 S Elizabeth Rd | MLS# 202617225
This multi-family property located at 205 S Elizabeth Rd, Spokane Valley, WA 99212 is currently listed for sale with an asking price of $615,000. S Elizabeth Rd is located within the Spokane Dist 81 school district. Search Spokane Valley real estate on www.kathybixler.com today.