3905 S Dishman Mica Rd - Apartments FOR SALE


Spokane Valley, WA 99206- Chester
$7,500,000 USD
509-315-8720
3905 S Dishman Mica Rd, Spokane Valley, WA for Sale
$7,500,000 USD
Apartments - FOR SALE
1/17
null | 5.74% Cap Rate

3905 S Dishman Mica Rd
Spokane Valley, WA 99206
Chester


HIGHLIGHTS

  • 32 Units Total – 16 One-Bedroom/One-Bath & 16 Two-Bedroom/One-Bath Units
  • In-Unit Washers & Dryers + Carport Parking
  • $45,583 Monthly Rental Income
  • Prime Spokane Valley Location – Minutes to Shopping, Restaurants, I-90 & University High School
  • Modern Unit Finishes – LVP Flooring, Quartz Countertops & Stainless Steel Appliances

OVERVIEW

Marx Apartments is a newly constructed 32-unit multifamily property in Spokane Valley consisting of 16 one-bedroom/one-bath units and 16 two-bedroom/one-bath units, generating approximately $45,583 in monthly rental income. Units feature modern finishes including LVP flooring, quartz countertops, stainless steel appliances, in-unit washers and dryers, walk-in closets, and private balconies, with carport parking available for residents. The property is conveniently located near Spokane Valley retail and restaurants, Interstate 90, and University High School, offering strong rental demand and excellent accessibility within a desirable Spokane Valley corridor.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$188 USD /SF

# OF UNITS

32

PRICE/UNIT

$234,375

CAP RATE

5.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Marx

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,877 SF

ZONING

R-2

APN/PARCEL ID

45332.9143

ASK ABOUT THIS PROPERTY

Dallas LightnerLT Real EstateMore Info
509-315-8720

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Dallas LightnerLT Real EstateMore Info
509-315-8720

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