1519 N Bell St, Spokane Valley, WA 99016
New Listing
$8,975,000
Property Type:
MultiFamily
Square Footage:
1,500
Lot Size (sq. ft.):
1,724,976
Status:
Active
Current Price:
$8,975,000
List Date:
9/10/2026
Last Modified:
9/10/2026
Overview
Description
Listing Details MLS# 26-9260
Contract Information
- Listing Type
- Multi Family
- Area
- Washington Counties
- Neighborhood Grid #
- 700
- Begin Date
- 2026-09-10
- Short Sale
- No
- REO
- No
General Property Description
- Realtor.COM Type
- Multi-Family
- Number of Units
- 24
- 3 BR units
- 24
- Building Style
- Multi Level
- Basement
- No
- Garage Stall
- 2 Car
- Total SqFt.
- 1500
- ESTIMATED SqFt Source
- Assessor
- SqFt Per
- Unit
- Year Built
- 2023
- New Construction
- No
- Lot Acres
- 39.6
- Lot Type 1
- Duplex/Multi
Legal and Taxes
- Legal
- 55182.6104, .6105, .6106, .2101, .2204, .2102, .2203, .2103, .2104, .6203, 55074.7003, 55074.7002
- AIN/Tax Bill
- 55182.2104
- Parcel Number
- 55182.2104
- School District
- Central Valley - 356
- Zoning
- MFR
- Directions
- GPS is accurate
- Taxes
- 8175.41
- Tax Year
- 2025
- Taxes Reflect 1
- No Exemptions
- Subdivision
- N/A
Remarks
- Public Remarks
- This rare opportunity features a portfolio of 12 recently constructed duplexes in Spokane Valley, offering investors immediate scale, strong in-place income, and minimal deferred maintenance. The portfolio totals 24 spacious 3-bedroom, 2-bathroom units, each designed for long-term tenant appeal and operational efficiency. Units are finished with durable LVP flooring, stainless steel appliances, in-unit laundry, and separate attached garages for each unit, supporting strong tenant retention and consistent leasing performance. The portfolio boasts a proven rental history and is currently 95.5% occupied, generating approximately $56,492 in monthly rental income. This offering provides a turnkey investment with stable cash flow, modern construction, and long-term upside in one of Spokane Valley's most resilient rental markets. Ideal for investors seeking scale, predictability, and low-maintenance assets with strong fundamentals and future growth potential.
Address
- Street Number
- 1519
- Street Direction Pfx
- N
- Street Name
- Bell
- Street Suffix
- St
- State/Province
- WA
- Postal Code
- 99016
- County
- Spokane
Miscellaneous
- Sec
- 24
- Twn
- 25
- Rng
- 43
- Rng Dir
- EWM
More Information
Property Subject To
- CC&Rs
- No
- Homeowners Assoc
- No
- LID
- No
- Non-Mtg Lien
- No
- Flood Zone
- Unknown
- Aircraft Flight Zone
- Unknown
- Fire Protection Dist
- Yes
Showing Instructions
- Showing Service Name
- None
Property Features
View:
None
Lot Features:
Level
Interior Features:
Central Air
Fuel:
Electric
Heating:
Forced Air
Basement:
Crawl Space
Foundation:
Slab
Construction:
Frame
Exterior:
T1-11
Roof:
Comp Shingle
Road:
Paved; Public Maintained Road
Sewer:
Public Sewer
Terms Considered:
Cash; Conventional
Listing Office:
LT Real Estate
Last Updated: September - 10 - 2026
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