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!
Active
$675,000
6606 E 4th Ave, Spokane, WA 99212
--beds
--baths
1.08Acres
Unimproved Land
Built in ----
1.08 Acres Lot
$397,900 Zestimate®
$--/sqft
$-- HOA
What's special
- 161 days
- 94
- 0
Zillow last checked:
Listing updated:
Listed by:
Aryn Presta 509-998-0988,
Avalon 24 Real Estate
Source: SMLS as distributed by MLS GRID,MLS#: 202613954
Facts & features
Interior
Features
- Has fireplace: No
Property
Features
- Fencing: Fenced
Lot
- Size: 1.08 Acres
- Features: Level, Open Lot, Near Public Transit, Oversized Lot
Details
- Additional structures: Workshop
- Parcel number: 35242.9016
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected, Natural Gas Connected, Electricity Connected, Water Connected
Community & HOA
Location
- Region: Spokane
Financial & listing details
- Tax assessed value: $526,470
- Annual tax amount: $5,565
- Date on market: 3/21/2026
- Listing terms: Conventional,Cash
- Road surface type: Paved
Estimated market value
$397,900
$310,000 - $481,000
$2,049/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/21/2026 | Listed for sale | $675,000+17.4% |
Source:  SMLS as distributed by MLS GRID #202613954 Report a problem | ||
| 6/3/2024 | Sold | $575,000+36.9% |
Source: SMLS as distributed by MLS GRID #202417408 Report a problem | ||
| 3/21/2023 | Sold | $420,000 |
Source: SMLS as distributed by MLS GRID #202311569 Report a problem | ||
| 2/19/2023 | Pending sale | $420,000 |
Source: SMLS as distributed by MLS GRID #202311569 Report a problem | ||
| 2/17/2023 | Listed for sale | $420,000 |
Source: SMLS as distributed by MLS GRID #202311569 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,566 +25.1% | $526,470 +26.5% |
| 2024 | $4,450 +3.3% | $416,120 +1.6% |
| 2023 | $4,309 +11% | $409,520 +9.5% |
| 2022 | $3,884 +16.5% | $374,020 +24.7% |
| 2021 | $3,335 +2.3% | $300,000 +21.6% |
| 2020 | $3,259 +27.1% | $246,800 +22.1% |
| 2019 | $2,565 | $202,200 +16.7% |
| 2018 | $2,565 -0.2% | $173,200 |
| 2017 | $2,569 +1.6% | $173,200 +6.8% |
| 2016 | $2,528 +4.9% | $162,200 +2.4% |
| 2015 | $2,411 | $158,400 +1.7% |
| 2014 | $2,411 | $155,800 |
| 2013 | $2,411 +223% | -- |
| 2011 | $746 +3.4% | -- |
| 2010 | $722 | -- |
| 2009 | $722 +10.5% | -- |
| 2008 | $653 | -- |
| 2007 | $653 -66.3% | $39,200 |
| 2005 | $1,939 -0.3% | -- |
| 2004 | $1,946 +7.4% | -- |
| 2003 | $1,812 | -- |
| 2002 | $1,812 +26.6% | -- |
| 2001 | $1,432 -6.3% | $99,200 |
| 1999 | $1,527 | $99,200 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 99212
Nearby schools
Schools provided by the listing agent
- Middle: Chase
- High: Ferris
- District: Spokane Dist 81
Source: SMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Similar homes
- $675,0001.08 acres6524 E 4th Ave, Spokane, WA 99212Lot/Land
MLS ID #202613955, Aryn Presta, Avalon 24 Real Estate. SMLS as distributed by MLS GRID - $475,0001.32 acres300 E Rockwood Blvd, Spokane, WA 99202Lot/Land
MLS ID #202623330, Eric Tucker, John L Scott, Inc.. SMLS as distributed by MLS GRID - $647,7001.45 acres2714 S Dishman Mica Rd, Spokane, WA 99206Lot/Land
MLS ID #202416966, Tom Maine, Realty One Group Eclipse. SMLS as distributed by MLS GRID - $385,0005.06 acresNka S Park Ln, Spokane, WA 99223Lot/Land
MLS ID #202622930, Erica Laucius, Prime Real Estate Group. SMLS as distributed by MLS GRID
