12409 E 3rd Ave, Spokane, WA 99216
FOR SALE
0.59 ACRES

12409 E 3rd Ave
Spokane, WA 99216

  • 35 Beds
  • 24 Baths
  • 16,146 sqft (on 0.59 acres)

$2,715,000

Original price: $2,805,000
Est. Mortgage $15,223/mo*
Get Pre-Qualified

$2,715,000

Original price: $2,805,000
Est. Mortgage $15,223/mo*
Get Pre-Qualified
35 Beds
24 Baths
16,146 sqft
(on 0.59 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Discover a rare opportunity to own a modern Spokane Valley apartment building featuring 11 3-bed bed/2-bath apartments and two 1-bed/1-bath apartments. Ideally located near schools, shopping, dining, parks, and bordering the Appleway Trail, buyers have several paths to increase income through rent increases, laundry conversion, and utility fee payoff. Built in 2023, this low-maintenance property offers contemporary finishes, ample parking, and in-unit and common laundry facilities. Current rents are below market, providing a clear path to increased cash flow. Seller will pay the remaining balance of the sewer connection fee agreement at the time of sale and significantly boost cash flow for buyers. Seller might also benefit from a conversion to in-unit laundry for the five remaining units sharing a common laundry room. With its strong location, newer construction, and immediate value-add potential, this is a compelling multi-family investment.

Home Highlights

Parking
25 Parking Spaces
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$168
Listed
136 days ago

Home Details for 12409 E 3rd Ave

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: None
Beds & Baths
Number of Bedrooms: 35Number of Bathrooms: 24
Dimensions and Layout
Living Area: 16146 Square Feet
Appliances & Utilities
Appliances: Free-Standing Range, Dishwasher, RefrigeratorDishwasherRefrigerator
Heating & Cooling
Heating: Electric,Forced AirNo CoolingHas HeatingHeating Fuel: Electric
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Stories: 3
View
No View

Exterior Features

Exterior Home Features
Roof: Composition
Parking & Garage
Parking Spaces: 25Parking: Off Site,None
Frontage
Road Frontage: City Street, Private Road

Days on Market

Days on Market: 136

Property Information

Year Built
Year Built: 2023
Property Type / Style
Property Type: Residential IncomeStructure Type: High-RiseArchitecture: Contemporary
Building
Construction Materials: MasoniteNo Additional Parcels
Property Information
Parcel Number: 45222.1102

Price & Status

Price
List Price: $2,715,000Price Per Sqft: $168

Location

Direction & Address
City: Spokane ValleyCommunity: 3rd & Pines Apartments
School Information
Elementary School: BroadwayElementary School District: Central ValleyJr High / Middle School: North PinesHigh School: Central Valley

Agent Information

Listing Agent
Listing ID: 202527878

Building

Building Area
Building Area: 16146 Square Meters

Lot Information

Lot Area: 0.59 acres

Offer

Listing Terms: Conventional, Cash, Commercial

Miscellaneous

Mls Number: 202527878

Additional Information

HOA Amenities: Laundry,Storage,See Remarks
Last check for updates: about 15 hours ago
Listing courtesy of Kristina Carlson, (509) 596-9520
eXp Realty, LLC Branch
Source: SMLS as distributed by MLS GRID, MLS#202527878
Also Listed on SMLS as distributed by MLS GRID, eXp Realty.

Price History for 12409 E 3rd Ave

DatePriceEventSource
03/12/2026$2,715,000PriceChange
SMLS as distributed by MLS GRID #202527878
12/22/2025$2,805,000Listed For SaleSMLS as distributed by MLS GRID #202527878
12/01/2025$2,875,000ListingRemovedSMLS as distributed by MLS GRID #202524126
10/30/2025$1,550ListingRemovedZillow Rentals
10/24/2025$1,550Listed For RentZillow Rentals
09/17/2025$2,875,000Listed For SaleSMLS as distributed by MLS GRID #202524126
11/15/2023ListingRemovedZillow Rentals
10/30/2023$1,495Listed For RentZillow Rentals
10/30/2023ListingRemovedZillow Rentals
10/17/2023$1,495PriceChange
Zillow Rentals
06/13/2023$1,535Listed For RentZillow Rentals
06/13/2023ListingRemovedZillow Rentals
05/01/2023$1,535Listed For RentZillow Rentals

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Property Tax and Assessment

Year2024
Tax$23,879
Assessment$2,243,000
Home facts updated by county records

Comparable Sales for 12409 E 3rd Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
12506 E 3rd Ave, Spokane Valley, WA
0.08
Multi-Family Home
$1,100,000
05/29/25
12
12
5,754
919 S Houk Rd #921, Spokane, WA
0.45
Multi-Family Home
$499,975
04/02/26
8
4
2,748
224 S Woodlawn Ln, Spokane Valley, WA
0.29
Multi-Family Home
$625,000
11/13/25
6
4
2,910
10413/10415 E 8th Ave, Spokane, WA
0.92
Multi-Family Home
$558,000
02/13/26
6
4
2,660
11707 E Broadway Ave, Spokane, WA
0.81
Multi-Family Home
$532,500
06/30/25
3
2
3,354
13410 E 7th Ave, Spokane, WA
0.70
Multi-Family Home
$438,403
09/29/25
5
4
-
11718 E Broadway Ave, Spokane, WA
0.77
Multi-Family Home
$365,000
08/29/25
-
-

Assigned Schools

These are the assigned schools for 12409 E 3rd Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Spokane Valley

At least 454 Trulia users voted on each feature.

  • 90 % Say it's dog friendly

  • 87 % Say car is needed

  • 84 % Say parking is easy

  • 82 % Say yards are well-kept

  • 79 % Say there's holiday spirit

  • 74 % Say kids play outside

  • 61 % Say it's quiet

  • 60 % Say people would walk alone at night

  • 57 % Say it's walkable to grocery stores

  • 56 % Say neighbors are friendly

  • 53 % Say there's wildlife

  • 51 % Say there are sidewalks

  • 51 % Say they plan to stay for at least 5 years

  • 47 % Say streets are well-lit

  • 43 % Say it's walkable to restaurants

  • 21 % Say there are community events

Learn more about our methodology.
  • Joy Theodorson
    "Nothing that I can think of. There are many people that walk their dog(s). The neighbors I’ve talked with are nice. There’s kids of different age groups that are in the neighborhood too."
    0
    Flag
  • Vernon Fannin
    "Plenty of places to walk your dog there’s walking trails. It’s very clean. The sidewalks are pretty good. There’s nice trees, beautiful views, and tons of places to take your dog if you were looking to have a good time in Spokane Valley."
    0
    Flag
  • Swilliams91
    "Our little cul de sac is pretty tight-knit. Neighbors know and look out for each other. We know one another’s vehicles and call a neighbor if something seems out of place. "
    3
    Flag
  • MK
    "Move here in June of 23. I am quite a senior citizen...very, very nice. To my surprise, many seniors live here. Everyone says hello. Mgt goes out of their way to keep you informed and has pleasant surprises in the lobby. A couple of maint on the grounds all day. No loud cars, immature tenants, etc. If a 1br ap is available first floor with the C - C-Trail just feet away..Take in no matter the price, rent it...to die for. The Gym, really nice. A lot of families with children...Perfect! Dog park is always used, all dogs are on a leash. Yup...5 Stars, well done. Mack Foss"
    0
    Flag
  • Jaspertodd
    "Great neighborhood. Feels like your in the country in some areas and beautiful Mountain View’s. Feels safe here. We love this area. "
    0
    Flag
  • Tammie O.
    "It’s a great area to live. Lots of kids and great schools. Local parks are close and people walk with there animals freely."
    0
    Flag
  • Mgardiner75
    "Easy commute throughout the city. There is public transportation. It feels very safe. My husband and I felt safe walking out at night. "
    0
    Flag
  • Angie F.
    "Great neighborhood. Feels safe and more room for kids to run around and play. Houses don’t seem so packed in. "
    0
    Flag
  • Erikdwoods
    "University and Dishman are very busy streets, not super safe for walking kids to and from school, however the neighborhoods that they walk through are great and friendly. "
    0
    Flag
  • Patricia J.
    "People walking their pets is very common. I haven’t seen any that were aggressive or concerning. They are always on leashes."
    9
    Flag
  • Vanessa W.
    "When I moved here I was invited to a Labor Day and a Christmas party in the first year. There is also ValleyFest."
    4
    Flag
  • Anna.j.alton
    "I do not have any children but spokane valley is nice! dont stay in a duplex. lots of parks. close to mall. good school district. "
    0
    Flag
  • Dennis D.
    "Schools are great in this area and the teachers are invested into our children's future. there are so many things to do for entertainment."
    2
    Flag
  • Patricia J.
    "Very safe and family friendly. Never have seen anything in the neighborhood that is concerning. Packages are safe! "
    3
    Flag
  • Sheepapcalypse
    "The parks are very fun and safe for kids, I would take mine to them. I feel that most dog owners do not pick up after their pets so I would very much recommend to make sure to watch where you are walking "
    0
    Flag
  • Rlpereyda
    "my neighbor hood has great curb appeal and the people are friendly you can go out and walk your dogs with out being afraid to go out. "
    0
    Flag
  • Celeste P.
    "People here are oblivious to others and very inconsiderate. I can hardly take my dogs on a walk because of people not keeping their distance and my dog doesn’t get along with many other dogs"
    0
    Flag
  • Maria J.
    "When you take your dog out for a walk it would help your neighbor’s that when you take your dog if you would to pick up there poop that would be the nicest thing your neighbors can do when they take their dogs for a walk"
    0
    Flag
  • Gunnar G.
    "Safe with minimal supervision dont leave kids alone necessarily but keep an good eye on EM and you should be ok"
    0
    Flag
  • Brandon S.
    "we currently live in the willow brook apartments on pines. it us close to everything. schools are really amazing "
    1
    Flag
  • Gunnar G.
    "Large farmers market all summer in discovery park at Mirabeau. Very nice area low crime and safe environment. "
    3
    Flag
  • Brandon C.
    "It’s an ok neighborhood, just make sure you lock your cars because every-once and a blue moon you’ll have a car their come through and rob your car or any belongings in it "
    4
    Flag
  • Rebecca N. J.
    "beautiful apartments close to the centenial trail. close to shopping and easy access to freeway. 30 min to Cd'A"
    0
    Flag
  • Meili R.
    "Pretty light on traffic, many ways to get around. Although there are a lot of one ways as long as you make sure to pay attention to the signs, you are sure to find the most efficient way of getting around. "
    1
    Flag
  • Makealaburns
    "Good neighbors love the area. Will stay in the Spokane valley. Dogs are not bad and sidewalks are good. "
    1
    Flag
  • Riley W. S.
    "Nothing it’s great! Family friendly, quiet feel and safe neighborhood, good schools and easy access to shopping and more!"
    0
    Flag
  • Ajcarlson6
    "Dog friendly, low traffic. Neighbors drive slower through the neighborhood. "
    1
    Flag
  • Dustin
    "In this neighborhood there are plenty of paths that are safe for dog walking. That includes a lengthy trail that will soon run from University Road all the way near to Liberty Lake."
    1
    Flag
  • Artkeinath1969
    "Great schools great people and responsive city leadership . Plenty of open spaces for kids to explore "
    0
    Flag
  • Kckerker9
    "You see people walking their dogs all the time. Well lit streets from dawn to dusk. Quiet neighborhood. "
    0
    Flag
  • Douglas C.
    "This is a great area to raise kids and it has a lot of things that are family oriented to do. It is close to the cintenial trail for those that like to go on walks or bike rides with the whole family."
    1
    Flag
  • Ryley J.
    "Nothing besides crackheads and thief's all thru the day and night not a safe place to live. "
    0
    Flag
  • Alex M. H.
    "There isn’t any in my neighborhood lol but there’s parades in Spokane and a lot of city life around too"
    0
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  • Wbmom
    "Our access to main arterial is really very good. From where I live the commute to south hill is taking me about 30 minutes. It is worth it to be away from the city. If you try and avoid peak traffic times things go pretty smoothly. "
    1
    Flag
  • Kaylynn M.
    "My commute outside of rush hour traffic is actually not bad at all. I can be downtown Spokane from the Valley in 10-15 minutes via I-90. Even rush hour isn't all that long of a hold up on most days. Maybe allows me down about 10 minutes."
    0
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  • Jaylon I.
    "My commute is very easily accessible, many easy ways in and out. No public transit around however never really needed."
    0
    Flag
  • Courtferd
    "close to good schools and gas stations. not far from a cute local year round fruit stand and the valley mall, close to the valley hospital and a urgent care center."
    0
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  • Jhernandrz5193
    "Easy access to I90, but will get stuck in traffic heading west for about 30 mins or more between 7am-815ish Monday through Friday"
    0
    Flag
  • Donald K.
    "Valleyfest happens in late summer. It's s fun time, bringing the community together to celebrate the end of summer. "
    0
    Flag
  • Courtferd
    "the commute is great during the weekend... that's it and even then sometimes on weekends area pain in traffic!"
    0
    Flag

LGBTQ Local Legal Protections

Kristina Carlson, eXp Realty, LLC Branch
Agent Phone: (509) 596-9520
Based on information submitted to the MLS GRID as of 2026-05-07 14:37:39 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
12409 E 3rd Ave, Spokane, WA 99216 is a 35 bedroom, 24 bathroom, 16,146 sqft multi-family built in 2023. This property is currently available for sale and was listed by SMLS as distributed by MLS GRID on Dec 22, 2025. The MLS # for this home is MLS# 202527878.