205 S Elizabeth Rd
Spokane Valley, WA 99212
Listed by Jeff Hornberger, The Hornberger Group, LLC
- Units
- 5
- Built
- 1951
- Size
- 2,496 sq ft
- On market
- 140 days
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The units
| Unit | Beds | Baths | Sq ft | Rent / mo | Rentometerestimated | RentCastestimated |
|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 550 | $795estimated Rentometer $1,022 · RentCast $1,070 | $1,022 | $1,070 |
| 2 | 1 | 1 | 550 | $795estimated Rentometer $1,022 · RentCast $1,070 | $1,022 | $1,070 |
| 3 | 1 | 1 | 550 | $795estimated Rentometer $1,022 · RentCast $1,070 | $1,022 | $1,070 |
| 4 | 1 | 1 | 550 | $795estimated Rentometer $1,022 · RentCast $1,070 | $1,022 | $1,070 |
| 5 | 2 | 1 | 600 | $1,780estimated Rentometer $1,527 · RentCast $1,320 | $1,527 | $1,320 |
These 5 units add up to $4,960 a month. Those rents were confirmed with the listing agent.
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About the building
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
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