- For Sale $3,095,000
- Property Type Multi-Family
- Property Size 14,560 SF
- Units 12
- Lot Size 0.8 Acre
- Building Class A
- Year Built 2025
- Date Updated May 17, 2026
Description
SVN Cornerstone is pleased to present the Felts Townhomes for sale located at 303-314 S Felts Ln in the Spokane Valley. The Felts Townhomes consist of 12 two story townhome units, each offering two bedrooms and one and a half bathrooms. The property features newer construction with high end finishes, dedicated covered carports for each unit, in unit washer and dryer, and an on site community garden for residents.
Highlights
- High Quality Interiors – Each unit includes LVP flooring, stainless steel appliances, hard surface countertops, ductless heating and cooling, private patios, in unit washer and dryer, and covered carport parking
- Investor Friendly Location – Spokane Valley location with lower utility costs, tenants paying garbage directly, 90 day rent increase notices versus 180 days in the City of Spokane, and fewer regulatory restrictions
- Newer Construction – 8 of the 12 units were built in 2016 and 4 of the 12 units were completed in 2025, providing modern systems and low future maintenance
- Rental Upside and Exit Flexibility – Current rents average $1,656 versus $1,750 market rents, offering immediate upside and the option to sell 4 of 12 units individually due to separate parcels for added flexibility
- Strong Rental Demand and Demographics – Desirable Dishman Hills location with easy access to I-90, schools, parks, and employment, supported by strong household incomes averaging $152,588 within one mile
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Contacts
Jordan Lester, CCIM, MBA
SVN | Cornerstone
Location
Located at 303-314 S Felts Ln, Spokane Valley, WA 99206, this property is part of the Dishman neighborhood and Spokane market.
Contact Listing Broker
Jordan Lester, CCIM, MBA
SVN | Cornerstone
