MLS# 292797 This expansive property offering presents a rare development opportunity in a high-demand area of Pasco. Situated on a 6.36-acre parcel at 7198 Columbia River Rd combined with an additional 10-acre tract, this total of over 16 acres of subdividable land is primed for transformation. With the flexibility to subdivide down to 1-acre lots, the potential for a luxury residential pocket is immense, especially given the property's prime location directly across from established homes valued in the $1M range.2880While the primary value lies in the expansive acreage and development potential, the existing infrastructure provides immediate utility. The property includes two septic systems and a 2880 sq. ft. home featuring a shop space that serves as an ideal on-site headquarters or workspace for developers and builders to utilize while the surrounding land is phased and improved. Whether you are looking to create an exclusive enclave of custom estates or a sprawling private compound, this property offers the scale, utilities, and location to support ahigh-end vision in Franklin County.
For sale
Price cut: $700K (6/25)
$2,400,000
7198 Columbia River Rd, Pasco, WA 99301
4beds
2,880sqft
Single Family Residence
Built in 1972
16.37 Acres Lot
$2,272,400 Zestimate®
$833/sqft
$-- HOA
What's special
Shop space
- 135 days
- 155
- 10
Zillow last checked:
Listing updated:
Listed by:
Bryan Verhei 509-851-3900,
Keller Williams Spokane
Source: PACMLS as distributed by MLS GRID,MLS#: 292797
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Has basement: Yes
Interior area
- Total structure area: 2,880
- Total interior livable area: 2,880 sqft
Property
Features
- Levels: 1 Story w/Basement
- Stories: 1
Lot
- Size: 16.37 Acres
Details
- Parcel number: 126203152
- Zoning: Residential
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1972
Community & HOA
Community
- Subdivision: OTHER
Location
- Region: Pasco
Financial & listing details
- Price per square foot: $833/sqft
- Tax assessed value: $777,900
- Annual tax amount: $1,871
- Date on market: 5/8/2026
- Cumulative days on market: 116 days
Estimated market value
$2,272,400
$2.16M - $2.39M
$3,111/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Price change | $2,400,000-22.6%$833/sqft |
Source:  PACMLS as distributed by MLS GRID #292797 Report a problem | ||
| 5/8/2026 | Listed for sale | $3,100,000$1,076/sqft |
Source: PACMLS as distributed by MLS GRID #292797 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,584 -55.8% | $384,500 -0.2% |
| 2024 | $3,584 +265.5% | $385,400 -20.2% |
| 2023 | $980 -19.2% | $483,100 +40.1% |
| 2022 | $1,213 -4.7% | $344,800 -4.9% |
| 2021 | $1,274 -7% | $362,500 +31% |
| 2019 | $1,369 -2% | $276,700 +12.8% |
| 2018 | $1,396 -5.6% | $245,400 +5% |
| 2017 | $1,479 -5.5% | $233,700 -15.5% |
| 2015 | $1,565 -60.3% | $276,600 +36.6% |
| 2013 | $3,946 | $202,500 |
| 2012 | -- | $202,500 -0.5% |
| 2011 | -- | $203,500 +0.9% |
| 2010 | -- | $201,600 +43% |
| 2009 | -- | $141,000 +0.4% |
| 2008 | -- | $140,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 99301
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