317/318 S Herald Ln
Spokane Valley, WA 99206
- – beds
- – baths
- 3,580 sqft
- ~1/2 acre lot
- $335 per sqft
- 2013 build
- – on site
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 the 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 a sought-after Spokane Valley location! Opportunity awaits: owner occupy, 1031 exchange, investment, passive income, cash flowing, set it and forget it
Last checked:
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Last updated Mar 14, 2025
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MLS# 202513276 —
The Building
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Year Built:2013
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Construction Materials:Wood
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Architectural Style:Townhouse
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Structure Type:Duplex
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Stories:1
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Roof:Composition Shingle
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Basement:Crawl Space, None
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Basement:false
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Building Area Total:3580
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# of Units Total:4
Interior
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Interior Features:Utility Room
Financial & Terms
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Listing Terms:Conventional, Cash, Exchange
The Property
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Property Type:Residential Income
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Property Subtype:Rental
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Road Frontage Type:Easement, Private Road
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Lot Features:Fenced Yard, Sprinkler - Automatic, Level
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Lot Size SqFt:18,200 Sqft
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Lot Size Acres:0.42
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View:Territorial
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Parcel Number:45201.3202
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Additional Parcels:true
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Additional Parcels Description:45201.3203
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Living Area:3580
Listing Agent
- Contact info:
- Agent phone:
- (208) 669-2231
- Office phone:
- 1(509) 418-2546
Heating & Cooling
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Heating:Gas Hot Air Furnace, Ductless
Utilities
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High Speed Internet:Yes
Appliances
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Appliances:Free-Standing Range, Dishwasher, Refrigerator, Microwave
Schools
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Elementary School:Opportunity ES
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Elementary School District:Central Valley
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High School:University
The Community
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Association Amenities:Cable TV, Patio, None
Parking
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Garage Spaces:4
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Parking Total:4
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Parking Features:Attached
Extra Units
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Other Structures:Workshop
The information being provided by Spokane Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.
©2025 Spokane Association of REALTORS All rights reserved.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/14/25
Mar 14, 2025
|
Listed / Active | SARMLS | $1,200,000 | |
|
8/12/24
Aug 12, 2024
|
Listed / Active | SARMLS |
