6606 E 4th Ave, Spokane Valley, WA 99212
Spokane County
Key Facts
Description
Prime Multifamily Development Opportunity in Spokane Valley! Unlock exceptional investment potential with this strategically zoned parcel, primed for high-density residential growth. Current zoning (MF) currently permits up to 22 dwelling units and likely more with upcoming density changes. The neighboring property to the west is also available to double (or more) the opportunity! This site offers strong upside for multifamily apartments, townhomes, or mixed residential development. Capitalize on the area’s demand for modern housing options near urban amenities. A 3 bed/2 bath home on the property also boasts a standout 28’x40’ heated shop ideal for contractor staging, equipment storage, or interim income generation during redevelopment planning. A rare blend of immediate livability/rental income and substantial redevelopment potential—perfect for builders, investors, or developers seeking their next high-return project. Don’t let this versatile gem pass you by!
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
1.08 acres
Zoning
MFR
Days on Market
7
MLS® Listing#
202613954
Property Features
Fencing
Lot Features
Other Structures
Utilities
Sewer
Water Source
Schools
- Middle:
- Chase
- High:
- Ferris
Financial Details
Annual Taxes
$5,565
Parcel Number
35242.9016
Directions
Sprague to Thierman. Thierman south to 4th. West on 4th to property.
Affordability Calculator
$135,000
Estimated monthly payment
$3,593/mo
Principal $540,000 · Est. interest $753,348 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Spokane Valley, WA
- $477,314
- Median Listing Price
- 45
- Median Days on Market
- 2,179
- Median Sq Ft
- $220
- Median Price / Sq Ft
- 1,774
- Active Listings
- This home’s price is 41% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Spokane Valley, WA.
Location
Points of Interest in Spokane Valley, WA
Showing the Spokane Valley area map.
Nearby Schools
Eagle Peak School
School · 0.2 mi away
Woodland Montessori School
Elementary · 0.3 mi away
Centennial Middle School
Secondary · 1.1 mi away
West Valley School District No 363
School · 1.3 mi away
Seth Woodard Elementary
Elementary · 1.4 mi away
Riverday School
Elementary · 1.5 mi away
West Valley City School
Secondary · 1.5 mi away
Montessori Sprout House
Elementary · 1.5 mi away
Sheridan Elementary School
Elementary · 1.8 mi away
St Paschal Educare
Elementary · 2.0 mi away
Moody Aviation
School · 2.0 mi away
Ness Elementary School
Elementary · 2.1 mi away
St. John Vianney School
School · 2.1 mi away
Spokane Valley High School
Secondary · 2.1 mi away
Orchard Center Elementary
Elementary · 2.1 mi away
All Saints Catholic School
School · 2.2 mi away
Valley Christian School
Secondary · 2.3 mi away
Central Valley Early Learning
School · 2.3 mi away
West Valley High School
Secondary · 2.4 mi away
Chase Middle School
Secondary · 2.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 721/723 S Felts Rd, Spokane Valley, WA | $474,900 | — | — | 2,080 |
| 10207 N Arrowhead Dr, Spokane, WA | $474,950 | 3 | 2 | 1,690 |
| 1509 W 67th Ave, Spokane, WA | $474,990 | 3 | 2 | 1,408 |
| 5815 W Morgantown Ln, Spokane, WA | $474,995 | 4 | 3 | 2,054 |
| 9921 N Wieber Dr, Spokane, WA | $474,999 | 5 | 3 | 2,316 |
| n/a N Woodruff Rd, Spokane, WA | $475,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Spokane Valley
Listing Courtesy: Avalon 24 Real Estate - 2082152044