Spokane County Multifamily Buyer
Sell Your Commercial Property In Spokane County, WA
Spokane County is the economic center of the Inland Northwest, home to Spokane, Spokane Valley, and a large healthcare and university sector. Its apartment market features older brick walk-ups near downtown, mid-century garden complexes, and newer suburban communities stretching east toward Liberty Lake.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Cities We Cover: Spokane · Spokane Valley — County seat: Spokane
Spokane County
Where We Buy In Spokane County
We evaluate apartment buildings of 5+ units across Spokane County — in each city below, plus smaller towns and unincorporated areas countywide.
Local Market Data
Spokane County Apartment Market
Figures gathered October 2026 from public market data.
Owners who sell commercial property in Spokane County, WA are selling into a county where renters head 77,563 households, 35.5% of the total, per the Census Bureau's 2020-2024 American Community Survey. Median gross rent reached $1,283, up 40.5% from $913 in the 2015-2019 survey.
Apartment stock is concentrated too. Units in buildings of five or more apply to 20.4% of Spokane County's housing, and that share grew 9.4% over the same five-year comparison. Rental vacancy sits at a tight 3.9%.
549,056 residents and growing
Spokane County grew 8.6% to 549,056 residents between the 2015-2019 and 2020-2024 ACS, adding 43,551 people.Rent up 40.5% in five years
Median gross rent in Spokane County rose from $913 to $1,283, a 40.5% gain, per the 2020-2024 American Community Survey.Apartment stock growing faster than renters
Units in 5+ unit buildings rose 9.4% to 47,174, outpacing the 1.7% growth in Spokane County renter households.Who rents in Spokane County
Renter households make up 35.5% of Spokane County's 218,395 occupied homes, per the 2020-2024 American Community Survey. That is 77,563 renter households. Spokane city alone holds 40,121 renter households, 51.7% of the county total, and Spokane Valley adds another 17,892, for a combined 74.8%.
Spokane County added 43,551 residents since the 2015-2019 survey, an 8.6% gain to 549,056 people. Renter households grew more slowly, up 1.7% to 77,563, while units in 5+ unit buildings rose 9.4% to 47,174.
Rents, growth and affordability
Median gross rent in Spokane County climbed 40.5%, from $913 to $1,283, between the 2015-2019 and 2020-2024 surveys. Median household income rose 38.1% over the same span, to $78,582. Even so, 52.1% of Spokane County renters paid 30% or more of income on gross rent in 2020-2024.
HUD's FY2027 two-bedroom Fair Market Rent for the Spokane, WA HUD Metro FMR Area is $1,494, effective October 1, 2026, $211 above the county's $1,283 median gross rent. Rental vacancy in Spokane County stands at 3.9%.
City-by-city comparison
| City | Median gross rent | Renter share | Share of units in 5+ buildings | Rental vacancy |
|---|---|---|---|---|
| Spokane | $1,215 | 41.2% | 24.2% | 3.8% |
| Spokane Valley | $1,353 | 41.8% | 24.9% | 3.3% |
Spokane and Spokane Valley both run renter shares above the Spokane County average of 35.5%. Spokane Valley's $1,353 median gross rent tops Spokane city's $1,215, even with a lower 3.3% vacancy rate against Spokane's 3.8%.
Property taxes and assessment in Spokane County
Washington counties assess apartment buildings at 100% of true and fair market value under RCW 84.40.030, with the Spokane County Assessor setting individual parcel values. A taxing district's total regular levy cannot grow more than 1% a year excluding new construction, which restrains rate increases even as assessed values rise.
Sales of Spokane County apartment buildings also trigger the state real estate excise tax under RCW 82.45, with graduated rates by price tier plus a local component. Pull the current parcel assessment and excise tax tier before pricing a sale.
What this means if you sell in Spokane County
If you sell commercial property in Spokane County, WA, you are selling into a renter base of 77,563 households and a 3.9% rental vacancy rate, tighter than many Washington counties. Rent grew 40.5% over five years, so buyers will test your current rent roll against that trend and against the county's 52.1% rent-burden share.
Washington's statewide rent stabilization law caps most annual increases at 7% plus CPI, so buyers underwrite future rent growth within that limit rather than open-market assumptions. As a multifamily buyer active in Spokane County, we review 5+ unit buildings in Spokane and Spokane Valley on current rent rolls and occupancy, not list price alone.
Local Knowledge
Selling Multifamily In Washington
What we factor into every Spokane County offer:
More about Washington →- Washington's 2025 rent stabilization law caps most annual rent increases at 7% plus CPI or 10%, whichever is lower.
- Statewide just-cause eviction law requires a listed reason to end or not renew a periodic tenancy; no-cause notices are not allowed.
- Deposits need an itemized move-in checklist and must be returned, with any deductions itemized, within 21 days after move-out.
- Spokane County rental vacancy is tight at 3.9%, so document current occupancy and lease terms for buyer underwriting.
Property Tax
Property Tax In Spokane County For Apartment Owners
Homeowners in Spokane County pay a median of $3,434 a year in property tax on a median home value of $410,700, an effective rate of about 0.84%, according to the Census Bureau’s 2020-2024 American Community Survey. That is above the Washington statewide average of 0.75%.
How property tax works in Washington: classes, assessment and appeals →Estimate a building’s tax bill with the property tax calculator →
- Those figures describe owner-occupied homes. An apartment building can be assessed on a different basis or in a different class, so its bill as a share of value may differ.
- A sale can reset the assessed value. Before you price a Spokane County building, check how Washington reassesses property after a transfer and model the buyer’s new tax bill.
- Pull the actual tax bill from the Spokane County assessor or tax collector. City, school and special-district levies stack on top of the county rate.
Seller Guides
Selling In Spokane County? Common Situations We Handle
Learn More
Taxes & Rules For Spokane County Property
The Washington rules that shape any deal in Spokane County: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Our Buy Box
What We Buy In Spokane County
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
How Selling To Us Works
- 01
Submit The Deal
Send the address, unit count, asking price, and a rent roll or T-12 if you have them.
- 02
Initial Review
We review it against our buy box and give clear feedback — typically within 48 hours.
- 03
Underwriting & LOI
If it fits, we underwrite in detail and submit a written letter of intent.
- 04
Diligence & Close
Inspections and financing on the agreed timeline, then a professional, predictable closing.
Spokane County Seller FAQ
How many renters live in Spokane County?
Spokane County counted 77,563 renter households in the Census Bureau's 2020-2024 American Community Survey, 35.5% of all occupied homes. Spokane city holds 40,121 of those households and Spokane Valley another 17,892, together about three-quarters of the county's renter base.
How much have rents risen in Spokane County?
Median gross rent in Spokane County rose from $913 in the 2015-2019 survey to $1,283 in 2020-2024, a 40.5% increase. HUD's FY2027 two-bedroom Fair Market Rent for the Spokane metro area is $1,494, effective October 1, 2026.
Does Washington have rent control that affects Spokane County?
Yes. A 2025 statewide law caps most annual rent increases on existing tenancies at 7% plus CPI or 10%, whichever is lower, and cities cannot pass their own separate rent-control ordinances. Spokane County landlords and buyers both underwrite rent growth within that statewide cap.
What should I know before I sell commercial property in Spokane County, WA?
Check current rent rolls against the county's 3.9% rental vacancy rate and 52.1% rent-burden share, both from the 2020-2024 ACS. Apartment buildings are assessed at full market value under RCW 84.40.030, and a sale triggers the state real estate excise tax under RCW 82.45.
How do I sell commercial property in Spokane County, WA?
Send the address, unit count, and any financials. We review Spokane County apartment buildings of 5+ units, give feedback typically within 48 hours, and follow with a written letter of intent if it fits.
Do you buy apartment buildings throughout Spokane County?
Yes. We evaluate multifamily properties across Spokane County, including Spokane and Spokane Valley, as well as smaller towns and unincorporated areas. Every property is reviewed on its own fundamentals.
What size Spokane County properties do you buy?
Apartment buildings and income-producing residential properties with 5 or more units. Our sweet spot is 15–25 units, and we review larger communities with capital partners.
Will you buy a property that needs work or has high vacancy?
Yes. We underwrite value-add, mismanaged, and distressed properties as they are today — no repairs or lease-up required before selling.
Can I sell rental property in Spokane County with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
Do I need a broker to sell my apartment building in Spokane County?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
How do property taxes factor into a Spokane County offer?
Property is assessed at the county level (the county seat is Spokane), within Washington rules. Washington assesses property annually at market value, and the state’s graduated real estate excise tax applies at sale. We model both the post-sale property tax and transaction costs when we prepare an offer.
Submit A Deal
Have A Property In Spokane County?
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
