701 S Felts Rd

Spokane, WA 99206

$2,295,000
Price
6
Beds
4
Baths
10,185 Sq. Ft.
$225 / Sq. Ft.
10,185
Sq. Ft.
$225
per Sq. Ft.
New
New

Description

BRAND NEW 7-unit multifamily property in a quiet Spokane Valley neighborhood! One 4-plex and a triplex make up the seven units, with each unit offering 3 bedrooms, 2.5 baths, and 1455 s.f. of living space. These are high-end, luxury units with a modern design that features many upgrades including: stainless appliance package, durable LVP flooring, and granite counters throughout. Each unit has a 1-car garage, and there are three additional detached garages for extra income potential. Rents range...BRAND NEW 7-unit multifamily property in a quiet Spokane Valley neighborhood! One 4-plex and a triplex make up the seven units, with each unit offering 3 bedrooms, 2.5 baths, and 1455 s.f. of living space. These are high-end, luxury units with a modern design that features many upgrades including: stainless appliance package, durable LVP flooring, and granite counters throughout. Each unit has a 1-car garage, and there are three additional detached garages for extra income potential. Rents range from $2050 to $2400 a month, average is $2150. Gross rents are $15,300 a month.
  1. Listed by Seth Maefsky • Keller Williams Realty Coeur d

Property Details for 701 South Felts Road

Parking Features
Attached, Garage Door Opener, Off Site
Architectural Style
Contemporary
LISTING UPDATED: 01/20/2026 12:59 PM

Property Details for 701 South Felts Road

StatusNew
MLS #202611078
Days on MarketListed Today
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Rental
Year Built2023
Lot Size0.66 AC / 28,677 SF
CountySpokane County

Location

Listing Courtesy of Keller Williams Realty Coeur d
Add your commute

Building Information for 701 South Felts Road

Building/Complex701 S Felts RdFloor-Stories2Residences7Pet Policy-Pet Policy Details-Year Built2023Building Size-

Payment Calculator

$11,621 per month

30 year fixed, 6.15% Interest

Principal and Interest

$11,185

Property Taxes

$436

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 701 South Felts Road

Summary
Location and General Information
  • County Or Parish: Spokane
  • Longitude: -117.27
  • Directions: From I-90 go south on Argonne Rd, left on 8th Ave, left on Felts. Property is on the right, there is no sign.
  • Class: Rental Income
  • Latitude: 47.65
Taxes and HOA
  • Parcel Number: 45201.1326
Parking
  • Garage Spaces: 10.00
Virtual Tour
School Information
  • Middle Or Junior School: North Pines
Property
Lot Information
  • Lot Features: Fenced Yard, Sprinkler - Automatic, Level
  • Lot Size Acres: 0.66
  • Lot Size Square Feet: 28677.0
  • Lot Size Length: 145
  • Lot Size Width: 198
Property and Assessments
  • Construction Materials: Masonite, Fiber Cement
  • 1031 Exchange: No
  • FIPS: 53063
  • Year Built: 2023
  • First Photo Additional Detail: 2026-01-20T20:17:45.6
Utilities
  • Utilities: Cable Available
  • High Speed Internet: Yes
Interior and Exterior Features
Exterior Features
  • Association Amenities: None
  • Area: A110/076
  • Structure Type: Two Story
  • Road Frontage Type: Paved Road, City Street
  • Roof: Composition
Interior Features
  • Heating: Natural Gas, Forced Air
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Disposal, Microwave, Washer, Dryer, Hard Surface Counters
  • Basement: Slab
  • Stories: 2
  • Interior Features: High Speed Internet, Pantry, Kitchen Island, Windows Vinyl
  • Cooling: Central Air
Room Information
Dining Room
  • Dining Room: Eat Bar,Informal
Unit Information
Unit Information
  • Number Of Units Total: 7
Unit 1
  • Approx Square Feet: 1455
  • Baths Total: 2
  • Beds Total: 3
  • Type: Unit A
  • Units Total: 6
Unit 2
  • Approx Square Feet: 1455
  • Baths Total: 2
  • Beds Total: 3
  • Type: Unit B
  • Units Total: 1
Rental
Rental Information
  • Occupant Type: Tenant

Property History for 701 South Felts Road

DateEvent & SourcePriceAppreciation
Jan 20, 2026

Listed (Active)

SPOKANEMLS #202611078

$2,295,000—
Dec 1, 2025

Expired

SPOKANEMLS #202424671

$2,291,000—
Feb 9, 2025

Price Change

SPOKANEMLS #202424671

$2,399,900—
Jan 12, 2025

Price Change

SPOKANEMLS #202424671

$2,495,000—
Oct 22, 2024

Listed (Active)

SPOKANEMLS #202424671

$2,595,000—
Jul 28, 2021

Sold

SPOKANEMLS #202024818

$280,000—
Jul 13, 2021

Pending

SPOKANEMLS #202024818

—
Nov 12, 2020

Listed (Active)

SPOKANEMLS #202024818

$595,000—
DateEvent & SourcePrice
01/20/2026

Listed (Active)

SPOKANEMLS #202611078

$2,295,000
12/01/2025

Expired

SPOKANEMLS #202424671

$2,291,000
02/09/2025

Price Change

SPOKANEMLS #202424671

$2,399,900
01/12/2025

Price Change

SPOKANEMLS #202424671

$2,495,000
10/22/2024

Listed (Active)

SPOKANEMLS #202424671

$2,595,000
07/28/2021

Sold

SPOKANEMLS #202024818

$280,000
07/13/2021

Pending

SPOKANEMLS #202024818

—
11/12/2020

Listed (Active)

SPOKANEMLS #202024818

$595,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 701 South Felts Road

Taxable ValueLand$78,000Additions$366,500Total$444,500
Tax Record2022$5,233 ($436 / month)
Home Facts
Baths5Total Finished SqFt4,176 SqFtAbove Grade Finished SqFt4,176 SqFtStories2Lot Size28,677 SqFtStyleMulti-Family Dwelling (2-4)Year Built1926CountySPOKANEAPN45201.1326Fireplace TypeHas Fireplace

Schools near 701 South Felts Road

This home is within Central Valley School District.
Rating
School
Type
Grades
Distance
Opportunity Elementary School
Public - PK to 5
North Pines Middle School
Public - 6 to 8
University High School
Public - 9 to 12
Stem Academy at SVT
Public - 9 to 12
Rating
School
Distance
Opportunity Elementary School
PublicPK to 5

North Pines Middle School
Public6 to 8

University High School
Public9 to 12

Stem Academy at SVT
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 701 South Felts Road, Spokane, WA 99206

701 South Felts Road is a multi-family home for sale in Spokane, WA 99206. This listing's school district is Central Valley School District. Nearby schools include Opportunity Elementary School, North Pines Middle School and University High School. 701 South Felts Road is a 6-bed, 4-bath, 10,185 sqft multi-family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Coeur d

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/20/2026 06:28 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.