Duplexes Getting Bid Up to the Moon! Spokane Valley Still Hot!!

[Account Closed]

It's official. There are no more Duplexes in the Spokane Area that one can buy on an FHA Loan. A few have shown up this past month, but they all require cash or conventional financing. The prices on multi-family homes all are getting bid up to the moon!

15207 E. Valleyway Ave, Spokane Valley, WA 99216 would be a decent first-time home buyer purchase. It's already received 8 offers in less than 24hrs. and has ended accepting offer. The list price was $450K and it has been bid up to $540K. Good luck out there and please feel free to share any multi-family homes that qualify for FHA financing under the new 2022 FHA Loan Limit of $538,650.

Recent Redfin Market Survey of Spokane Valley, WA for January 2022.

[Michael DeHaan]

I recently bought a 5/3 SF with a 1/1 mother in law suite that would be great for an FHA house hack in Spokane Valley.

1950's built, reasonably updated with some funky flooring/hardware from the previous sellers that we are working on.

A young couple could live in the 1 and 1 and pretty much live for free renting out the big house or could live in the big house and AIRBNB the 1/1 and do well.

Was planning to list for $499k here soon, but if you want a shot off market feel free to send me a message.