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11802 E Main Ave
Spokane Valley, WA 99206

Spokane Area Commercial

  • 42,000 Sqft
  • 0.95 Acre

$10,850,000

2 Months on market

MLS# 202615194

Listing courtesy of Spokane Association of REALTORS MLS as distributed by MLS GRID.

New Construction "42 Unit - Mason Apartment Complex" on nearly an Acre Site! There are 36 - 2 Bedroom/2 Bathroom Units and 6 - 1 Bedroom/1 Bathroom Units. Each Unit will be well appointed to include Hard Surface Countertops, Laminate Flooring, 10’ Ceilings and Primary Bedrooms have Walk-in Closets. All Units have Mini-splits or PTAC units for Heating & Cooling, full appliance packages including washer and dryer, and each unit also has a Private Patio or Deck. There are 85 Parking Spots (with 12 EV Stalls) and the Security Gate is Roughed-in for the Parking Lot – Asphalt is done and parking lines painted! RENT STUDY - 1 Bed/1 Bath Units (6 total) at $1,350.00 each and 2 Bed/2 Bath (36 total) at $1,825.00 each for a monthly estimate of $73,800.00. Annual Total Income - $885,600.00. Total Annual Expenses (estimated) are $243,008.00 and the NOI - $624,879.00. Approximate Completion Date is July 2026.

Bedrooms: 0
Bathrooms: 0
SqFt: 42,000
County: Spokane
Year Built: 2026
New Construction:
Lot SqFt: 41,307
Basement
  • None
Heating / Cooling
  • See Remarks
Terms
  • Conventional
  • Cash
Lot / Information
  • Level
  • City Bus (w/in 6 blks)
  • Oversized Lot
  • Common Grounds
Features
  • Breakers
  • 200 AMP
Roof
  • Composition

Office Details
Keller Williams Spokane - Main  —  (509) 458-4000

Broker Reciprocity MLS Disclaimer: Copyright of the Spokane Association of REALTORS MLS. All rights reserved. Listing information deemed reliable but not guaranteed.

IDX listing information is provided exclusively for consumers’ personal, noncommercial use. All other uses are strictly prohibited. The listing information displayed herein is based on information submitted to the MLS GRID as of 6/26/2026, 11:16 AM. 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.