5010 E 1st Avenue Spokane Valley, WA $ 575,000
5010 E 1st Avenue
$ 575,000
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5010 E 1st Avenue

Spokane Valley, WA, 99212
$ 575,000
Baths0.0 Sq 2,750

Monthly Estimate*

$ 3,587

Listed by The Paragon Group
5010 E 1st Avenue, Spokane Valley, WA 99212 - Image 1
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5010 E 1st Avenue, Spokane Valley, WA 99212 - Image 15
Studio

Multi-Family Home for sale in Spokane Valley, WA

for $575,000. This 2,750 square foot home was built in 1955 on a lot size of 0.2479.

Spacious 4-unit apartment building situated on a corner lot in Spokane Valley. Nestled in a quiet residential neighborhood, the property offers convenient access to I-90, schools, shopping, and everyday amenities. A mix of one- and two-bedroom floorplans, ensuring broad tenant demand. For investors seeking scale, three adjacent triplexes, each on separate parcels, are also available, creating the opportunity to control up to 13 total units. This rare configuration allows for efficient portfolio growth while still qualifying for residential financing.

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Multi-Family Active

Price

$ 575,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,611

Style

4-Plex

Lot Size

0.2479

Year Built

1955

Town/City

Spokane Valley

County/Region

Spokane

MLS | Web ID

2431713

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling Window Unit(s)
Possession Closing
Roof Flat
HOA Fee 0
Year Built 1955
Property Subtype Multi Family
Tax Year 2025
County Spokane
Net Operating Income 32494
Insurance Expense 1340
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Spokane Valley
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From Sprague Ave turn south on S Carnahan Rd. The property is at the corner of E 1st Ave and S Carnahan Rd.
High School Ferris High
City Spokane Valley
Senior Community Y/N N
High School District Spokane
Zoning Description Multi-Family
Open Parking Spaces 0
Number Of Units Total 4
MLS Area 561 - Spokane County
Lot Size Units Square Feet
Lot Size Square Feet 10800
Carport Spaces 2
Carport Y/N N
Listing Terms Conventional
Elementary School Buyer To Verify
Tax Annual Amount 6611
Electric Expense 259
Fuel Expense 0
Middle/Junior High School Chase Mid
Public Remarks Spacious 4-unit apartment building situated on a corner lot in Spokane Valley. Nestled in a quiet residential neighborhood the property offers convenient access to I-90 schools shopping and everyday
Leasable Area 2750
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 1608
Property Style 54 - 4-Plex
Cap Rate 5.65
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Exterior
Exterior Amenities Brick
Lot Features Corner Lot
Water Source Public
Total Parking 2
Foundation Details See Remarks
Building Area Total 2750
Lot Size Acres 0.2479
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 0
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Interior
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2431713
Street Number 1 5010
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* Excluded Features
List By
Peter Clark

Listing Agent

The Paragon Group

Broker

Affordability Calculator

$4,138
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,587
Monthly Property Taxes
$551
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4824855 Elementary School
4520365 Middle School
Ferris High High School
Pricing History
DatePricePrice ChangeDescription
9/10/2025$575,000 Listed Price

Map


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5010 E 1st Avenue, Spokane Valley, WA, 99212 is a Multi-Family Home for sale at $575,000 with 2,750 sqft and a lot size of 0.2479. 5010 E 1st Avenue is a studio with 0.0 baths and was built in 1955. The property's zip code is 99212 which is in Spokane Valley, WA