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12608 E Nora Ave
Spokane Valley, WA 99216
The Dan Apartments · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- Turn-key asset with high-quality unit finishes
- Rent growth supported by supply constrained submarket
- Exceptional connectivity to downtown Spokane, Coeur d’Alene, major thoroughfares, and lifestyle amenities
- Premier suburban submarket with strong market fundamentals
- Abundance of retail and entertainment amenities nearby
- Appealing alternative to purchasing a home
EXECUTIVE SUMMARY
JLL, as exclusive advisor, is pleased to present the outstanding opportunity to acquire The Dan Apartments, a turn-key apartment community located in Spokane Valley, Washington.
Built in 2025, The Dan (the “Property” or “Subject”) is a 32-unit apartment property located in the high-growth Spokane Valley market. The Property consists of spacious 1-bedroom 1-bathroom, 2-bedroom 1-bathroom, and 2-bedroom 2-bathroom units with high-end unit finishes, including stainless steel appliances, quartz countertops, vinyl plank flooring, and in-unit washers and dryers.
The Property’s central position near the region’s expanding economic hubs ensures a stable tenant base and sustained long-term demand. Conveniently located adjacent to Interstate 90, the Property offers exceptional accessibility to the broader Spokane region, with residents able to reach downtown Spokane in under 15 minutes and Coeur d’Alene in 25-minutes. The Dan also benefits from excellent retail proximity, with 8.6 million square feet of retail space within a 3-mile radius, anchored by the Spokane Valley Mall.
Built in 2025, The Dan (the “Property” or “Subject”) is a 32-unit apartment property located in the high-growth Spokane Valley market. The Property consists of spacious 1-bedroom 1-bathroom, 2-bedroom 1-bathroom, and 2-bedroom 2-bathroom units with high-end unit finishes, including stainless steel appliances, quartz countertops, vinyl plank flooring, and in-unit washers and dryers.
The Property’s central position near the region’s expanding economic hubs ensures a stable tenant base and sustained long-term demand. Conveniently located adjacent to Interstate 90, the Property offers exceptional accessibility to the broader Spokane region, with residents able to reach downtown Spokane in under 15 minutes and Coeur d’Alene in 25-minutes. The Dan also benefits from excellent retail proximity, with 8.6 million square feet of retail space within a 3-mile radius, anchored by the Spokane Valley Mall.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Building Class | B |
| No. Units | 32 | Building Size | 31,192 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2025 |
| Apartment Style | Mid-Rise | ||
| Zoning | O | ||
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Building Size | 31,192 SF |
| No. Stories | 4 |
| Year Built | 2025 |
| Zoning | O |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | 1 |
| 2+1 | 14 | - | 1 |
| 2+2 | 4 | - | 1 |
PROPERTY TAXES
| Parcel Number | 45103.0303 | Improvements Assessment | $49,332 CAD |
| Land Assessment | $614,002 CAD | Total Assessment | $663,334 CAD |
PROPERTY TAXES
Parcel Number
45103.0303
Land Assessment
$614,002 CAD
Improvements Assessment
$49,332 CAD
Total Assessment
$663,334 CAD
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