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Listed by Ben Olney • Windermere City Group
$125,000
Est. payment /mo
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202516253
Lot Size 5,662 Sqft
Lot Dimensions 0.13
Property Sub-Type Unimproved Land
Property Description
A ready-to-build lot offering a rare opportunity for multifamily development in a high-demand area. The property comes with a pre-approved 8-year Multi-Family Tax Exemption (MFTE). This exemption applies to the residential improvements, a significant financial benefit over its term. The property includes nearly completed fourplex plans, along with civil and structural engineering—offering a head start—or the flexibility to pursue your own design. The MFTE requires a minimum of four units to qualify for the program. There are no income or rent restrictions, allowing for market-rate development. With a growing demand for multifamily housing, this property presents an ideal opportunity for investors to capitalize on Spokane's expanding housing market.
Location
State WA
County Spokane
Exterior
Utilities Available Natural Gas Available, Pwr Av Prop L
View Y/N true
Building
Lot Description Level, Corner Lot, City Bus (w/in 6 blks), Fencing
Sewer Public Sewer
Water Public
Schools
Elementary Schools Logan
Middle Schools Yasuhara
High Schools North Central
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash, Owner Financing
Listing Terms Conventional, Cash, Owner Financing
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