Spokane Valley, WA 99206 317/318 S Herald Ln

317/318 S Herald Ln Spokane Valley, WA - Image 1317/318 S Herald Ln Spokane Valley, WA - Image 2317/318 S Herald Ln Spokane Valley, WA - Image 3
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Presented By: Avalon 24 Real Estate
  • MLS# 252247
  • 03/14/2025
  • Request Tour
  • Request Info
  • Beds • 8
  • Baths • 4
  • SQFT • 3,744

Home Details

Prime investment opportunity in the heart of Spokane Valley! This well-maintained property features two fully leased duplexes, each offering 2 bedrooms and 1.5 bathrooms across efficient living spaces. Each unit is complemented by a one-car private garage, with additional storage space, ensuring tenants have everything they need. Situated on a private road, this development provides the perfect blend of privacy and convenience! The oversized shop on property is a versatile asset, ideal for personal storage or as an additional income stream—whether through leasing or business use. With steady rental income already in place and the potential for further revenue from the shop, this investment promises both immediate returns and long-term growth. Don't miss out on this rare opportunity to secure a stable and profitable addition to your real estate portfolio in Spokane Valley! Opportunity awaits: owner occupy, 1031 exchange, investment, passive income, cash flowing, set it and forget it!
Presented By: Avalon 24 Real Estate

Interior Features for 317/318 S Herald Ln

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourceAssessor
BasementNone-Crawl Space
Heating Y/NYes
Interior AmenitiesHigh Speed Internet, Wall Unit(s)

General for 317/318 S Herald Ln

Additional Living QuartersNo
Additional Living Space
Additional Parcels DescriptionN/A
Additional Parcels Y/NNo
CitySpokane Valley
Construction MaterialsWood, Frame
CountySpokane
DirectionsTake exit 285 toward Appleway Blvd/Sprague Ave, turn on S Farr Rd, turn on 4th Ave, turn down S Herald Ln.
HOAYes
HeatingNatural Gas, Mini-Split
High School DistrictCentral Valley - 356
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet18295.2
MLS AreaWashington Counties
MLS Area MinorWashington Counties
MobileHomeRemainsYNNo
Number Of Units Total4
Property SubtypeApartment
Property TypeMultiFamily
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameN/A
Tax Annual Amount3637.67
Tax Year2023
Township25
ViewTerritorial
Year Built2013
ZoningCMU

Exterior for 317/318 S Herald Ln

Building Area Total3744.0
Crops Included Y/NNo
Exterior AmenitiesFencing - Partial, Open Patio, Sprinkler System - Back, Sprinkler System - Front
Foundation DetailsConcrete Perimeter
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel
Lot Size Acres0.42
Lot Size Area0.42
Open Parking Y/NNo
Road ResponsibilityPrivate Maintained Road
Road Surface TypePaved
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Dave Faller

Associate Broker
Price $1,200,000
MLS#252247
List Date 03/14/2025
Property Type Multi-Family
Phone
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