205 S Elizabeth Rd, Spokane Valley, WA 99212
See all 32 photos
205 S Elizabeth Rd, Spokane Valley, WA 99212
205 S Elizabeth Rd, Spokane Valley, WA 99212
205 S Elizabeth Rd, Spokane Valley, WA 99212
205 S Elizabeth Rd, Spokane Valley, WA 99212
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
Nick Grishko

Nick Grishko

+1(509) 203-4550
Listed by Jeff Hornberger • The Hornberger Group, LLC
$ 615,000
Est. payment /mo
Save
New

205 S Elizabeth Rd Spokane Valley, WA 99212

2,496 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 2,496 sqft

Price per Sqft $246

MLS Listing ID 202617225

Style Ranch

Year Built 1951

Annual Tax Amount $5,280

Lot Size 7,405 Sqft

Lot Dimensions 0.17

Property Sub-Type Residential Income

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

Location

State WA

County Spokane

Rooms

Basement Crawl Space

Interior

Heating Electric, Ductless

Appliance Free-Standing Range, Dishwasher, Refrigerator

Exterior

Parking Features None

Amenities Available Laundry

View Y/N true

View Territorial

Roof Type Composition

Building

Lot Description Level, City Bus (w/in 6 blks)

Story 1

Architectural Style Ranch

Structure Type Vinyl Siding

Schools

Elementary Schools Scott

Middle Schools Chase

High Schools Ferris

School District Spokane Dist 81

Others

Acceptable Financing FHA, VA Loan, Conventional, Cash

Listing Terms FHA, VA Loan, Conventional, Cash

NEARBY SCHOOLS & PROPERTIES

LEARN MORE ABOUT THIS PROPERTY

Jared Urbick
Jared Urbick

Real Estate Broker | License ID: 24022549

+1(509) 262-4178 | jared@kindhomegroup.com

Name
Phone
I am interested in this listing

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Kind Home Group at Kelly Right Real Estate, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Sign up for personalized property search alerts:

Jared Urbick
Jared Urbick

Real Estate Broker | License ID: 24022549

+1(509) 262-4178 | jared@kindhomegroup.com

Name*
Phone
Property Type: Single Family Home or Land
Price Range: $300K-$350K
Minimum Beds, Baths & Sq Ft
Desired Area: Spokane Valley, Liberty Lake ect.
Any additional information that would help us narrow your search?

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Kind Home Group at Kelly Right Real Estate, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Want to see this property?

205 S Elizabeth Rd