For Sale
$2,325,000

1615 Manifold LnSpokane Valley, WA 99016

Three new duplexes, six units, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional investment opportunity presents three brand-new duplexes nestled on a private cul-de-sac in Spokane Valley, WA (99016). The property boasts a total of six units, offering a compelling blend of modern design and high rental potential. Three units are currently leased, generating immediate income, with estimated rental income for the remaining three units projected at $2400 per month. Each unit features modern finishes, including stainless steel appliances, durable hard surface counters, and in-unit washer/dryers. The duplexes showcase a variety of layouts: one is a two-story building with each unit offering three bedrooms, two and a half bathrooms, and 1494 square feet; the other two duplexes each include a three-bedroom, two-bathroom ranch-style unit and a three-bedroom, two and a half-bathroom two-story unit. All units include attached garages. The property's total square footage is 8,964, with an asking price of $2,325,000 ($387,500 per unit and $259.37 per square foot). Landscaping will be completed before closing. These low-maintenance units represent an ideal addition to any investment portfolio, offering strong rental income and potential for appreciation. The property is comprised of three buildings, all constructed in 2023. This is a turnkey investment opportunity with immediate cash flow.

Highlights

  • $2,325,000 asking price for this six-unit multifamily investment opportunity.
  • Brand new (2023) construction consisting of three duplex buildings totaling 8,964 square feet.
  • Located in Spokane Valley, WA, on a private dead-end street.
  • Six units, priced at $387,500 per unit, with a price per square foot of $259.37.
  • Features modern finishes, including stainless steel appliances, hard surface counters, and in-unit washer/dryers.
  • Three units currently rented, with estimated rental income exceeding $7,000 per month.

Property Details for 1615 Manifold Ln

Property type
Apartment buildings
Square Feet
8,964 SF
Year Built
2023
Buildings
3
Units
6

Location Insight

City
Spokane Valley
County
Spokane
State
Washington
Latitude
47.6720424
Longitude
-117.1681163
1615 Manifold Ln, Spokane Valley, Washington

FAQs

What type of property is this?
Apartment building - Three new duplexes, six units, high ROI.
Where is the apartment building located?
The property is located at 1615 Manifold Ln Spokane Valley, WA.
What is the asking price?
The asking price for this property is $2,325,000.
What are key features of this property?
This property features: $2,325,000 asking price for this six-unit multifamily investment opportunity.; Brand new (2023) construction consisting of three duplex buildings totaling 8,964 square feet.; Located in Spokane Valley, WA, on a private dead-end street.
How can I contact the broker?
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1615 Manifold Ln
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