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$575,000

  • For Sale
  • Active
  • Multi-Family

Listed by Peter Clark | The Paragon Group | (509) 943-0400

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Spacious 4-unit apartment building situated on a corner lot in Spokane Valley. Nestled in a quiet residential neighborhood, the property offers convenient access to I-90, schools, shopping, and everyday amenities. A mix of one- and two-bedroom floorplans, ensuring broad tenant demand. For investors seeking scale, three adjacent triplexes, each on separate parcels, are also available, creating the opportunity to control up to 13 total units. This rare configuration allows for efficient portfolio growth while still qualifying for residential financing.

Full Property Details for 5010 E 1st Ave

General

  • Price: $575,000
  • Taxes: $6,611 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2431713
  • Updated: 9/10/2025
  • Added to Site: 128 day(s) ago

Parking

  • Carport Spaces: 2

Location

  • Area: 561 - Spokane County
  • County: Spokane
  • Subdivision: Spokane Valley
  • Driving Directions: From Sprague Ave, turn south on S Carnahan Rd. The property is at the corner of E 1st Ave and S Carnahan Rd.

School Information

  • High School District: Spokane
  • Elementary School: Buyer To Verify
  • Middle School: Chase Mid
  • High School: Ferris High

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Brick
  • Foundation: See Remarks
  • Roof: Flat
  • Stories in Building: 2
  • Square Feet: 2,750
  • Year Built: 1955

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.2479
  • Lot Size (Sq. Ft.): 10,800
  • Lot Size Source: Spokane County
  • Lot Features: Corner Lot
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $6,611
  • Tax Year: 2025
  • Terms: Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 35232.1414

Listed by Peter Clark | The Paragon Group | (509) 943-0400

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 5010 E 1st Ave

School District:Spokane Public Schools
NameGradesDistance
Sheridan Elementary School, Spokane, WA
3737 East 5th Avenue, Spokane, WA 99202
PK-50.9 mi
Chase Middle School
4747 East 37th Avenue, Spokane, WA 99223
6-82.3 mi
Ferris High School
3020 East 37th Avenue, Spokane, WA 99223
9-122.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5010 E 1st Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/10/2025
Listed
$575,000
-68.28%
MLS
9/02/2022
Sold
$1,812,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5010 E 1st Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,248
34%
$545,200
35%
2023
$4,648
32%
$403,200
55%
2022
$3,529
-24%
$260,100
—
2023
$4,648
5%
$260,100
7%
2021
$4,410
—
$243,000
15%
2021
$4,410
34%
$211,200
29%
2020
$3,303
42%
$163,100
2%
2019
$2,334
-11%
$159,700
—
2018
$2,630
2%
$159,700
3%
2017
$2,591
1%
$155,100
—
2016
$2,578
-2%
$155,100
—
2015
$2,619
-10%
$155,100
—
2014
$2,922
—
$155,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Peter Clark | The Paragon Group | (509) 943-0400

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5010 E 1st Avenue, Spokane Valley, WA 99212 (MLS# 2431713) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 5010 E 1st Avenue is currently listed for $575,000 and was received on September 10, 2025. Want to learn more about 5010 E 1st Avenue? Do you have questions about finding other Multi-Family real estate for sale in Spokane Valley? You can browse all Spokane Valley real estate or contact a Coldwell Banker agent to request more information.

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