MLS# 293047 Extraordinarily rare development opportunity in heart of Pullman. Offering includes THREE contiguous vacant land parcels being sold together as one premier investment opportunity directly adjoining entrance to Washington State University & overlooking historic Reaney Park. Opportunities to acquire nearly ½ acre of multifamily-zoned land in coveted university-adjacent location are exceptionally scarce & seldom come to market. Positioned on picturesque Gray Ln., property is surrounded by Pullman’s classic mature tree canopy streetscape & overlooks Reaney Park & Pool & iconic pedestrian entry trail leading directly into the WSU campus. Setting captures timeless collegiate character of Pullman, framed by WSU’s historic brick academic buildings & vibrant campus atmosphere.Historically, entrance near Reaney Park served as principal connection between City of Pullman & “college on the hill,” once anchored by prominent basalt stone arch. Reaney Park, Pullman’s oldest municipal park, dates back to early 1900s & once featured student-used livery stable in 1910, adding rich historical significance to remarkable location.Sale consists of 3 buildable lots totaling approx. 23,616 Sq Ft.(just over ½ acre):• Lot 1 – 8,166 SF• Lot 2 – 7,950 SF• Lot 3 – 7,500 SFAll 3 parcels: zoned Multi-Family Residential, presenting exceptional future development potential for student housing, income-producing rentals, townhomes, apartments, or thoughtfully designed tiered residential project. Upward-sloping terrain creates opportunity for elevated, staggered construction w/commanding park & campus-oriented views. Water & sewer utilities available in street & ready to be brought to each parcel.Located directly below fraternity & sorority housing & only blocks from Pullman’s revitalized downtown core, property sits at center of one of NW's most recognized college communities. WSU, home of Cougars, enrolls approx. 16,248 students on Pullman campus & brings year-round energy to area through nationally recognized athletics, football wknds , parent wknds, research programs.Annual taxes for all 3 parcels parcels, currently only $1,884.02. Tax ID:112300007010003112300007020003112300007030002Parcels sold together only & will not be separated, preserving full development footprint & maximizing building envelope potential of premier WSU-adjacent property. Premier university-edge development sites of this caliber, size, history, & location are truly once-in-a-generation opportunities.
Active
$725,000
NE Gray Ln, Pullman, WA 99163
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Multi Family
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$-- Zestimate®
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What's special
Overlooking historic reaney park
- 166 days
- 49
- 2
Zillow last checked:
Listing updated:
Listed by:
Callie Younger 208-791-7676,
Magenta & Co, LLC
Source: PACMLS as distributed by MLS GRID,MLS#: 293047
Facts & features
Property
Lot
- Size: 0.54 Acres
- Features: Recorded Plat Map, See Remarks, Corner Lot
Details
- Additional structures: Curbs/Sidewalks
- Parcel number: 112300007010003 + 2 more
- Zoning: MULTI-FAMILY RE
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Location
- Region: Pullman
Financial & listing details
- Annual tax amount: $1,884
- Date on market: 5/17/2026
- Listing terms: Cash,Conventional
- Inclusions: Land
Estimated market value
Not available
Estimated sales range
Not available
$1,554/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/17/2026 | Listed for sale | $725,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment





