Turnkey duplex investment opportunity in a desirable south Spokane Valley location. This income producing property is fully leased and offers immediate cash flow for investors seeking a strong addition to their rental portfolio. Each ranch-style unit features 2 bedrooms and 1 bathroom on the main floor, plus a full basement with a spacious family room and 2 non-conforming bedrooms, providing generous living space and excellent rental appeal. Extensively updated in 2024 with luxury vinyl plank flooring, fresh interior paint, modern lighting fixtures throughout, and a new roof. Each unit includes an attached one-car garage, and a fully fenced backyard, making this property highly attractive to long-term tenants. Conveniently located near shopping, restaurants, parks, public transportation, and major communter routes, this Spokane Valley duplex offers low-maintenance ownership. Whether you're expanding your real estate portfolio, completing a 1031 exchange, this is a great opportunity!
Active
$520,000
12003 E 23rd Ave, Spokane, WA 99206
8beds
2baths
2,944sqft
MultiFamily
Built in 1969
-- sqft lot
$-- Zestimate®
$177/sqft
$-- HOA
What's special
Modern lighting fixtures throughoutRanch-style unitAttached one-car garageFresh interior paintFully fenced backyardLuxury vinyl plank flooringNew roof
- 28 days |
- 683 |
- 33 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Amber Leigh Phone:509-220-7271,
REAL Broker LLC
Source: SMLS as distributed by MLS GRID,MLS#: 202619292
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
Primary bedroom
- Description: 1st Flr
Dining room
- Description: Informal
Family room
- Description: Bsmt,1st Flr
Heating
- Natural Gas, Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Free-Standing Range, Dishwasher, Refrigerator, Disposal
Features
- Basement: Full,Finished,Rec/Family Area
- Has fireplace: No
Interior area
- Total structure area: 2,944
- Total interior livable area: 2,944 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Garage spaces: 2
Features
- Stories: 1
- Fencing: Fenced Yard
Lot
- Size: 0.31 Acres
- Features: Level, Oversized Lot
Details
- Parcel number: 45281.1636
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
Materials
- Masonite
- Roof: Composition
Condition
- Year built: 1969
Community & HOA
HOA
- Amenities included: None
Location
- Region: Spokane
Financial & listing details
- Price per square foot: $177/sqft
- Tax assessed value: $424,600
- Annual tax amount: $4,595
- Date on market: 6/15/2026
- Listing terms: FHA,VA Loan,Conventional,Cash
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Listed for sale | $520,000+22.4%$177/sqft |
Source:  SMLS as distributed by MLS GRID #202619292 Report a problem | ||
| 11/9/2023 | Sold | $425,000$144/sqft |
Source: Public Record Report a problem | ||
| 3/12/2019 | Listing removed | $925 |
Source: M-T Management, Inc. Report a problem | ||
| 3/6/2019 | Listed for rent | $925+3.4% |
Source: M-T Management, Inc. Report a problem | ||
| 1/26/2018 | Listing removed | $895 |
Source: Maria Trunkenbolz Report a problem | ||
| 1/13/2018 | Listed for rent | $895 |
Source: Maria Trunkenbolz Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,595 +26.8% | $424,600 +14.9% |
| 2023 | $3,623 +3.4% | $369,400 +3.1% |
| 2022 | $3,505 +23.7% | $358,200 +31.6% |
| 2021 | $2,833 +8.7% | $272,200 +30.5% |
| 2020 | $2,607 +9.6% | $208,600 +5.1% |
| 2019 | $2,378 | $198,500 +25.6% |
| 2018 | $2,378 +4.1% | $158,100 +3.1% |
| 2017 | $2,285 +4.9% | $153,300 +5% |
| 2016 | $2,178 +3.9% | $146,000 +4% |
| 2015 | $2,096 | $140,400 +3.7% |
| 2014 | $2,096 | $135,400 |
| 2013 | $2,096 -8.7% | -- |
| 2011 | $2,297 +8.5% | -- |
| 2010 | $2,116 | -- |
| 2009 | $2,116 +4.6% | -- |
| 2008 | $2,023 | -- |
| 2007 | $2,023 +28.2% | $160,800 |
| 2005 | $1,578 +0.4% | -- |
| 2004 | $1,572 +2% | -- |
| 2003 | $1,541 | -- |
| 2002 | $1,541 +3% | -- |
| 2001 | $1,496 -7.8% | $95,300 |
| 1999 | $1,624 | $95,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 99206
Nearby schools
GreatSchools rating
- 4/10South Pines Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 4/10Bowdish Middle SchoolGrades: 6-8Distance: 0.4 mi
- 7/10University High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: Central Valley
Source: SMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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