303-314 S Felts Ln Ln, Spokane Valley, WA 99206
303-314 S Felts Ln Ln, Spokane Valley, WA 99206
303-314 S Felts Ln Ln, Spokane Valley, WA 99206
303-314 S Felts Ln Ln, Spokane Valley, WA 99206
303-314 S Felts Ln Ln, Spokane Valley, WA 99206
303-314 S Felts Ln Ln, Spokane Valley, WA 99206
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Rachel Krouse

Rachel Krouse

+1(509) 981-1881
Listed by Jordan Lester • SVN Cornerstone
$ 3,095,000
Est. payment | /mo

14,560 SqFt

Save
$ 3,095,000
Est. payment | /mo
Save

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

Rachel Krouse

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(509) 981-1881

rachel@krousehouserealty.com

Amplify- 1311 N Washington Ste A, Spokane, Washington, 99201, USA

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303-314 S Felts Ln Ln