SamMatthews
BEDS9
BATHS4
MLS#202622727
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCheney
Property Description
Exceptional investment and development opportunity on ±4.42 acres of Light Industrial-zoned land in a prime Spokane location with quick, convenient access to I-90. This versatile property offers the rare combination of immediate rental income and outstanding future development potential. Two updated residential homes are currently leased, generating $4,600 per month with the opportunity for immediate rent increases. The homes include a 5-bedroom, 2-bath residence with approximately 1,656 square feet and a 4-bedroom, 2-bath residence with approximately 1,200 square feet. Continue collecting rental income while planning your next commercial or industrial project. The Light Industrial zoning supports a variety of business and development opportunities, making this an ideal investment for developers, owner-users, or investors seeking long-term upside. Rarely does a property offer this combination of income, flexibility, desirable zoning, and a highly accessible location.
Property Features
Property Type: Multi Unit - Multiple
Basement: Crawl Space, Slab
Fenced: Yes
Garage: 2 car attached
Roof Type: Composition
Stories: 1.0
Year Built: 1948
Feature Descriptions
Additional Structures: Stge Shd
Association Amenities: None
Days on Site: 5
Exterior: Vinyl Siding
Heating/Cooling: Electric, Heat Pump, Ductless
Lot: Fenced Yard, Treed, Legal Non-Conforming, Horses Allowed
Parcel#: 24053.9031
Parking: Attached, Slab, RV Access/Parking, Off Site
Local Schools
High School: Cheney
Middle School: Westwood
Elementary School: Snowden
School District: Cheney
Listed By / Shown By
Listed By
Agency Name: Avalon 24 Real Estate
Shown By
Agent Name: Sam Matthews
Agent Phone: (208) 597-3028
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 3,020.68 per month $2,670.68 Principal & Interest $0.00 Property Tax (data not provided by mls) $350.00 Homeowner's InsuranceChange Payment Information
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5703 S Thomas Mallen Rd | MLS# 202622727
This multi-family property located at 5703 S Thomas Mallen Rd, Spokane, WA 99224 is currently listed for sale with an asking price of $1,200,000. S Thomas Mallen Rd is located within the Cheney school district. Search Spokane real estate on smatthews.cbspokane.com today.