Investor Alert! Don't miss this investment opportunity with two fourplexes (8 UNITS total) on two separate parcels in a prime Spokane Valley location with preliminary plat approval for two additional duplex units! Property features 6 units with 2bd/1ba and 2 units with 1bd/1ba, generating approximately $100,000 in gross annual income. On-site shared laundry room with machines included. Additional storage lock-offs attached. Located near Browns Park, University High School, and public transportation. Many improvements over the years including updated siding, roofing, windows, and irrigation. Showings available with accepted offer. Seller is a licensed broker.
Active
$1,500,000
12218 E Lenora Dr, Spokane, WA 99206
14beds
8baths
4,800sqft
Est.:
Multi Family
Built in 1971
-- sqft lot
$1,452,600 Zestimate®
$313/sqft
$-- HOA
What's special
On-site shared laundry roomAdditional storage lock-offsUpdated siding
- 22 days
- on Zillow |
- 430 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: July 25, 2025 at 12:24am
Listed by:
Beth Mulligan 509-251-5153,
Avalon 24 Real Estate
Source: SMLS,MLS#: 202520769

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 8
Dining room
- Description: Informal
Family room
- Description: 1st Flr,Off Kit
Heating
- Electric, Baseboard
Appliances
- Included: Free-Standing Range, Refrigerator
Features
- Windows: Windows Vinyl
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 4,800
- Total interior livable area: 4,800 sqft
Property
Parking
- Total spaces: 8
- Parking features: Off Site, Shared Driveway, None
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.63 Acres
- Features: Sprinkler - Automatic, Level, Near Public Transit, Surveyed
Details
- Additional parcels included: 45284.2017
- Parcel number: 45284.2019
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Stone, Vinyl Siding
- Roof: Composition
Condition
- Year built: 1971
Community & HOA
HOA
- Amenities included: High Speed Internet, Laundry, Play Area, Storage
Location
- Region: Spokane
Financial & listing details
- Price per square foot: $313/sqft
- Tax assessed value: $453,700
- Annual tax amount: $10,074
- Date on market: 7/18/2025
- Listing terms: FHA,Conventional,Cash
- Road surface type: Paved
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