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20 E Pineridge Ct, Spokane, WA 99208

$2,876,852

Last sold 05/17/2024 for $2.83M

—
bed
—
bath
16,800
Sqft ($169/Sqft)

House not for sale

About 20 E Pineridge Ct

Property type House

Neighborhood

Year built 1988

HOA fee $0/month

Lot size 0.92 Acre

Movoto estimate

Property description

Great investment opportunity for a buyer looking to expand their portfolio in Eastern WA. Located in the highly desired North Spokane surrounded by shopping, restaurants, and job centers, buyers will benefit from increasing rental demand. Currently owned and operated as successful short-term rentals but can easily be transitioned to marketed rate apartments. Also can be purchased as a portfolio including the owner's 2017 vintage, 24 unit apartment located in Airway Heights (Autumn Leaf Apartments).

Listed by

Listing Agent - Winslow Lee

Listing Office - Kidder Mathews

Source: NWMLS

MLS#2171457 • last updated 2 years ago

Movoto checked NWMLS for data 22 minutes ago

Overview
Cooling/AC	None
Heating	Baseboard
Levels/Style	Multi Family
MLS #	2171457
SubType	Multi-Family
Type	Residential Income
SqFt	16800
Status	Sold
Lot Size (SqFt)	40107
Lot Size (Acres)	0.9207
Property Tax	14315
Buying Office	Kidder Mathews
Year Built	1988
Buying Office Phone	360-705-2800
Condition	Very Good

Interior
Flooring	Hardwood
Interior Features	Hardwood

Exterior
Foundation	Poured Concrete
Roof	Composition
# Open Parking Spaces	32
# Parking Spaces	32
# Uncovered Spaces	32
Exterior Features	Wood Products

Amenities / Utilities
Sewer/ Septic	Sewer Connected
Power Production: Type	Electric
HOA Amenities	Coin Op Laundry

Location
View	Territorial
County	Spokane
Subdivision	Spokane
Area	561 - Spokane County
High School District	Sprague
APN	152342601
Zoning	Commercial

Multifamily Details
Net Operating Income	248582
Capitalization Rate	6.2
Expense: Insurance	4988
Expense: Electricity	26158
Gross Scheduled Income	597633
Expense: Fuel	26159
Expense: Other	251273
Gross Adjusted Income	597633
Total Expenses	349051
Gross Rent Multiplier	16
Nwm_Totalmonthlyincome	37600

$2.87M

Range: $2.58M-$3.16M

Last 30 days

Rental est.: $937/month

• Gross rent multiplier: 252.4

Lower your payment with the loan terms that fit you.

May 2024
Public Records
May 17, 2024 Sold
$2,832,500 (-0.2%)
May 2024
MLS # 2171457
May 17, 2024 Sold
$2,837,500 (-29.5%)
Oct 31, 2023 Pending
—
Oct 13, 2023 Listed
$4,025,000 (+104.3%)
Jan 2006
Public Records
Jan 13, 2006 Sold
$1,970,500

Year Property taxes Tax assessment
2025
$8,863 +30.1%

$908,640 +18.09%
2024
$6,814 +16.5%

$769,420 +17.82%
2023
$5,851 +11.7%

$653,020 +33.86%
2022
$5,239 -23.5%

$487,820 -23.05%
2021
$6,850 -6.8%

$633,920
2020
$7,354

$633,920

20 E Pineridge Ct
$2.83M
Nevada - Lidgerwood
$320K
99208
$499K -5% y/y
Spokane
$439K -4% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
8522 N Atlantic St, Spokane, WA 99208	$371,000	5/2	2,264	0.06
8514 N Atlantic St, Spokane, WA 99208	$366,000	5/2	2,304	0.07
8508 N Atlantic St, Spokane, WA 99208	$359,000	3/2	2,338	0.08
8426 N Atlantic St, Spokane, WA 99208	$374,000	4/2	2,288	0.09
8517 N Atlantic St, Spokane, WA 99208	$378,000	5/2	2,338	0.09
8511 N Atlantic St, Spokane, WA 99208	$412,000	3/1	2,816	0.1
8420 N Atlantic St, Spokane, WA 99208	$372,000	4/2	2,338	0.1
8503 N Atlantic St, Spokane, WA 99208	$385,000	5/2	2,338	0.11

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.