Apartment Acquisitions · Spokane Valley
Sell Your Commercial Property In Spokane Valley, WA
From Opportunity to Greenacres, we buy Spokane Valley multifamily and commercial apartment properties of 5+ units in every condition. Owners and agents get a straight answer on fit, usually within two business days.
- 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
Neighborhoods & Nearby Towns: Opportunity · Veradale · Greenacres · Liberty Lake — Spokane County, WA
Local Demand
Our View On Spokane Valley
Spokane Valley, a Spokane County city of 106,365 residents in the Census Bureau's ACS 2020-2024 estimates, rents less than Washington overall. Renters hold 41.8% of Spokane Valley's occupied homes, against 36.2% statewide, and median gross rent is $1,353 a month, with 49.5% of Spokane Valley renters spending 30% or more of income on rent. Owners who sell commercial property in Spokane Valley, WA find an older stock: 51.5% of the city's 45,467 housing units predate 1980, and 24.9% sit in buildings of five or more units, near the Sullivan Road industrial corridor and MultiCare Valley Hospital.
Mercer Mass Timber plant
Mercer Mass Timber occupies a 270,000-square-foot cross-laminated timber facility in Spokane Valley, bought for $50 million in 2021, per the city's manufacturing page.MultiCare Valley Hospital
MultiCare Valley Hospital operates with 123 beds in Spokane Valley, per the Washington State Department of Health hospital directory.Itron in Liberty Lake
Itron is headquartered in neighboring Liberty Lake with 5,859 people in its workforce company-wide, per its fiscal year 2023 SEC Form 10-K.Our Buy Box
What We Buy In Spokane Valley
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.
Local Market Data
Spokane Valley Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Spokane Valley
Renters occupy 41.8% of Spokane Valley homes, or 17,892 of 42,775 occupied units, per ACS 2020-2024 tenure data. Spokane Valley has 11,338 homes in buildings of five or more units, 24.9% of its 45,467 housing units, per ACS units-in-structure data, and 51.5% of Spokane Valley homes predate 1980, per ACS year-built data.
Rents and affordability
Spokane Valley has a median gross rent of $1,353 a month in ACS 2020-2024 rent data, $141 below HUD's FY2027 two-bedroom fair market rent. Among Spokane Valley renters, 49.5% spend 30% or more of income on rent, per ACS table B25070.
| Unit size | HUD FY2027 FMR, Spokane, WA HUD Metro FMR Area |
|---|---|
| Efficiency | $1,116 |
| One-bedroom | $1,173 |
| Two-bedroom | $1,494 |
| Three-bedroom | $2,047 |
| Four-bedroom | $2,497 |
Source: HUD fair market rent documentation.
Property taxes in Spokane County
A composite levy of $9.44423 per $1,000 of assessed value applies to Spokane Valley parcels in the Central Valley School District portion of the city, per the Washington Department of Revenue's 2025 levy detail, so a $2,000,000 building there owes $18,888.46 a year. Owners who sell commercial property in Spokane Valley, WA also owe Washington's real estate excise tax: the state's graduated rate on a $2,000,000 sale beginning January 1, 2027 is $31,208.50, and Spokane Valley's 0.50% local rate adds $10,000, for $41,208.50 total, per the DOR local rate table.
Landlord rules in Spokane Valley
Washington's Attorney General guidance sets the 2026 maximum rent increase at 9.683%, with 90 days' written notice required under RCW 59.18.140, and a 14-day notice precedes an eviction for unpaid rent under RCW 59.12.030. RCW 35.21.830 preempts rent control by Washington cities, and RCW 59.18.280 gives landlords 30 days to return deposits, rules that matter when owners sell commercial real estate in Spokane Valley, WA.
What it means for an owner
To sell commercial property in Spokane Valley, WA, lead with the $141 gap under HUD's two-bedroom benchmark and the 51.5% share of homes built before 1980. Mercer Mass Timber's 270,000-square-foot plant, MultiCare Valley Hospital's 123 beds, and neighboring Liberty Lake's Itron headquarters anchor demand nearby. Skyline Capital Investments buys buildings of five or more units; owners selling commercial property in Spokane Valley can test pricing with our cap rate calculator, and those ready to sell your apartment building in Spokane Valley can start with our sell my apartment building page.
Local Knowledge
Selling In Spokane Valley
More about selling in Washington →Investing in Spokane Valley? See apartment syndications in Spokane Valley →
- Spokane Valley owners pricing a sale face a $9.44423 per $1,000 composite levy rate in the Central Valley school district portion of the city.
- Spokane Valley's median rent of $1,353 sits $141 below HUD's FY2027 two-bedroom fair market rent for the Spokane, WA area.
- Owners who sell commercial real estate in Spokane Valley, WA face $41,208.50 in excise tax on a $2,000,000 sale.
Seller Guides
Selling A Building In Spokane Valley
Learn More
Taxes & Rules For Spokane Valley Property
The Washington rules that shape any deal in Spokane Valley: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Spokane Valley Seller FAQ
What should I know before I sell commercial property in Spokane Valley, WA?
Renters hold 41.8% of Spokane Valley homes in ACS 2020-2024, and median gross rent is $1,353 a month. Spokane Valley's composite levy rate is $9.44423 per $1,000 assessed value, or $18,888.46 a year on a $2,000,000 building, per the Washington Department of Revenue.
What taxes come due when I sell commercial real estate in Spokane Valley, WA?
The seller usually pays Washington's real estate excise tax, per the Department of Revenue. On a $2,000,000 sale beginning January 1, 2027, the state graduated portion is $31,208.50, and Spokane Valley's 0.50% local rate adds $10,000, for $41,208.50 total.
Can Spokane Valley pass its own rent control?
No. RCW 35.21.830 preempts rent control by Washington cities and towns, with exceptions for public and low-income properties. Statewide, the 2026 maximum increase is 9.683%, and RCW 59.18.140 requires 90 days' written notice before an increase.
How do Spokane Valley rents compare with HUD's benchmark?
Spokane Valley's median gross rent is $1,353 in ACS 2020-2024, $141 below HUD's FY2027 two-bedroom fair market rent of $1,494 for the Spokane, WA HUD Metro FMR Area. Owners who sell multifamily property in Spokane Valley can show buyers that gap when modeling rents.
What share of Spokane Valley housing sits in larger apartment buildings?
Spokane Valley has 11,338 homes in buildings of five or more units, 24.9% of its 45,467 housing units, per ACS 2020-2024 data. Another 51.5% of Spokane Valley homes predate 1980, and MultiCare Valley Hospital's 123 beds anchor demand nearby.
Will you buy a Spokane Valley property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
How does a sale to you work in Spokane County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Is it possible to sell rental property in Spokane Valley without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Spokane Valley?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Tell Us About Your Property In Spokane Valley
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
