12608 E Nora Ave - Apartments FOR SALE


Spokane Valley, WA 99216- Opportunity
$8,500,000 USD
509-472-9105
12608 E Nora Ave, Spokane Valley, WA for Sale
$8,500,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

12608 E Nora Ave
Spokane Valley, WA 99216
Opportunity


HIGHLIGHTS

  • The Dan Apartments have newly finished construction, with leasing near completion for a 32-unit apartment community.
  • 6 two-bedroom, two-bathroom units featuring rents averaging $1,595.
  • 14 one-bedroom, one-bathroom units with rents ranging $1,295 to $1,395.
  • Garages and carports are available for additional parking and income.
  • 12 two-bedroom, one-bathroom units featuring rents averaging $1,495.
  • Centrally located near Interstate 90, Spokane Valley Mall, restaurants, convenience stores, and much more.

OVERVIEW

The Dan Apartments at 12608 E Nora Avenue is a brand-new 32-unit apartment building in Spokane Valley, centrally located with quick access to the freeway, Valley Mall, restaurants, gas stations, and more. This stunning building is finished, and the lease-up is nearing completion. Comprising a mix of one-bedroom and two-bedroom units, with rents ranging from $1,295 to $1,595, and additional income generated from garage and carport leases as well. Ideally located near Interstate 90, this apartment community offers quick access to work, shopping, and Spokane’s best attractions. Located next to MultiCare Valley Hospital’s Emergency Department, residents enjoy peace of mind and proximity to essential services. Just 2 miles away, the Spokane Valley Mall serves as a retail and dining hub, featuring major names like Macy’s, Nordstrom Rack, Regal Cinemas, Barnes & Noble, Best Buy, Krispy Kreme, and Hobby Lobby. Outdoor and family-friendly fun surrounds the neighborhood, with Mirabeau Point Park, Splash Down Family Water Park, and Valley Mission Park all nearby. With Downtown Spokane only a 16-minute drive west, residents have easy access to the city’s business core and vibrant cultural scene. The Dan Apartments are the perfect low-maintenance investment to add to an investor's portfolio. Please contact the listing agent for the current leases' rent roll information.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

32

PRICE/UNIT

$265,625

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Dan Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

O

APN/PARCEL ID

45103.0303

ASK ABOUT THIS PROPERTY

Steve JonesWindermere Real EstateMore Info
509-472-9105

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Steve JonesWindermere Real EstateMore Info
509-472-9105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.