$675,000

Estimated payment $4,099/month

Total Views 5,865
1.08 Acres
$625,000 Price per Acre
47,045 Sq Ft Lot

Highlights

  • 1.08 Acre Lot
  • Separate Outdoor Workshop
  • Fenced
  • Property is near public transit
  • Oversized Lot

About This Lot

Prime Multifamily Development Opportunity in Spokane Valley! Unlock exceptional investment potential with this strategically zoned parcel, primed for high-density residential growth. Current zoning (MF) currently permits up to 22 dwelling units and likely more with upcoming density changes. The neighboring property to the west is also available to double (or more) the opportunity! This site offers strong upside for multifamily apartments, townhomes, or mixed residential development. Capitalize on the area’s demand for modern housing options near urban amenities. A 3 bed/2 bath home on the property also boasts a standout 28’x40’ heated shop ideal for contractor staging, equipment storage, or interim income generation during redevelopment planning. A rare blend of immediate livability/rental income and substantial redevelopment potential—perfect for builders, investors, or developers seeking their next high-return project. Don’t let this versatile gem pass you by!

Listing Agent

Aryn Presta

Avalon 24 Real Estate License #133811 Listed on: 03/21/2026

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,565

Lot Details

  • 1.08 Acre Lot
  • Fenced
  • Oversized Lot
  • Level Lot
  • Open Lot
  • Property is zoned MFR

Schools

  • Chase Middle School
  • Ferris High School

Additional Features

  • Separate Outdoor Workshop
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 35242.9016

Property Details

Property Type

Land

Est. Annual Taxes

$5,565

Lot Details

1.08 Acres

Listing Details

  • Property Sub-Type: Unimproved Land
  • PropertyType: Land
  • ResoLotFeatures: Level, Open Lot, City Bus (w/in 6 blks), Oversized Lot, Fencing
  • Lot Size Acres: 1.08
  • Road Frontage Type: City Street, Paved Road
  • Co List Office Phone: 208-215-2044
  • MLS Status: Active
  • Master Plan Zoning: MFR
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Other Structures: Workshop

Utilities

  • Utilities: Sewer Connected, Natural Gas Connected, Power, Water Connected
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • High School: Ferris
  • Middle Or Junior School: Chase

Lot Info

  • Parcel Number: 35242.9016
  • Lot Size Sq Ft: 47045

Tax Info

  • Tax Annual Amount: 5565

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,450 $526,470 $282,270 $244,200
2024 $4,450 $416,120 $171,120 $245,000
2023 $3,884 $409,520 $127,120 $282,400
2022 $3,756 $374,020 $121,120 $252,900
2021 $3,335 $262,300 $89,000 $173,300
2020 $3,259 $246,800 $89,000 $157,800
2019 $2,565 $202,200 $53,400 $148,800
2018 $2,569 $173,200 $35,600 $137,600
2017 $2,528 $173,200 $35,600 $137,600
2016 $2,777 $162,200 $35,600 $126,600
2015 $2,411 $158,400 $35,600 $122,800
2014 -- $155,800 $35,600 $120,200
2013 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/21/2026 03/21/26 For Sale $675,000 +17.4% --
06/03/2024 06/03/24 Sold $575,000 0.0% $235 / Sq Ft View Prior Sale
06/03/2024 06/03/24 Pending -- -- --
05/24/2024 05/24/24 For Sale $575,000 +36.9% $235 / Sq Ft
03/21/2023 03/21/23 Sold $420,000 0.0% $179 / Sq Ft View Prior Sale
02/18/2023 02/18/23 Pending -- -- --
02/15/2023 02/15/23 For Sale $420,000 -- $179 / Sq Ft
Source: Spokane Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $575,000 Vista Title
Warranty Deed -- Ticor Title
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $399,000 New Conventional
Source: Public Records

About the Listing Agent

Aryn Presta

Avalon 24 Real Estate

(509) 236-5966

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Source: Spokane Association of REALTORS®

MLS Number: 202613954

Spokane Association of REALTORS®

APN: 35242.9016

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