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Listed by Jordan Lester • SVN Cornerstone
$ 3,095,000
Est. payment | /mo
14,560 SqFt
$ 3,095,000
Est. payment | /mo
14,560 SqFt
Key Details
Property Type Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 14,560 sqft
Price per Sqft $212
MLS Listing ID 202611680
Year Built 2025
Lot Size 0.800 Acres
Lot Dimensions 0.8
Property Sub-Type Residential Income
Property Description
Felts Townhomes is a 12-unit, two-story townhome property in Spokane Valley near Dishman Hills. The property features newer construction, with eight units built in 2016 and four additional units completed in 2025, offering modern systems and low maintenance. Each townhome includes LVP flooring, stainless steel appliances, hard-surface countertops, ductless heating and cooling, in-unit washer and dryer, private patios, and covered carport parking. The property is in an investor-friendly location with lower utility costs, tenant-paid garbage, a 90-day rent increase notice period, and fewer regulations than the City of Spokane. Strong rental demand is driven by access to I-90, schools, parks, and nearby employment, supported by average household incomes of approximately $152,588 within one mile. In-place rents average $1,656 versus estimated market rents of $1,750, offering immediate upside. Separate parcels allow flexibility to sell up to four units individually.
Location
State WA
County Spokane
Rooms
Basement None
Interior
Heating Electric, Zoned
Cooling Wall Unit(s)
Exterior
Parking Features Attached, Carport
Amenities Available None
Waterfront Description See Remarks
View Y/N true
Roof Type Composition
Building
Structure Type Masonite
Schools
School District Central Valley
Others
Acceptable Financing See Remarks
Listing Terms See Remarks
Nearby Locations
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