Great investment opportunity in Spokane Valley!! 3 bed 2 bath on both sides. Roughly 1,415 sqft on both sides. Unit #506 has vinyl hard wood floors throughout the upstairs, newer cabinets, and counter tops. New roof put on 4 years ago. Sits on close to a half acre lot. Unit #508 has had the bathrooms renovated and cabinets were painted. Both garage doors have been replaced in the past couple years. Seller is touching up paint and making other improvements to the home prior to closing, willing to replace vanity in unit #506 basement bathroom if wanted. Perfect investment property to earn rental income. Don't wait!
Multi-familyProperty Type
1977Year Built
0.48 acresLot Size
$168Est. Price/Sq.Ft.
2 car garageParking
Listed by Joseph Carrieres• Keller Williams Realty Coeur d
3 BEDROOM 2 BATH 1 CAR GARAGE EACH SIDE IN THIS VALLEY DUPLEX. FENCED LARGE YARD, VINYL SIDING, GOOD ROOF.
Public Records
Sep 27, 1990
Sold
$77,500
$24/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$4,996 (−0.9%)
$90,000 + $377,500
$467,500
2025
$5,042 (+10.0%)
$90,000 + $377,500
$467,500
2024
$4,585 (+2.0%)
$75,000 + $397,000
$472,000
2023
$4,495 (+16.5%)
$80,000 + $384,100
$464,100
2022
$3,857 (+6.3%)
$60,000 + $267,600
$327,600
2021
$3,628 (+23.4%)
$60,000 + $228,300
$288,300
2020
$2,939 (+11.6%)
$50,000 + $186,100
$236,100
2019
$2,633 (−1.1%)
$50,000 + $170,500
$220,500
2018
$2,663 (+7.7%)
$50,000 + $124,800
$174,800
2017
$2,472 (+2.4%)
$50,000 + $124,800
$174,800
2016
$2,413 (−6.9%)
$50,000 + $115,300
$165,300
2015
$2,592
$50,000 + $124,900
$174,900
Tax history for 506/508 S Felts Rd
Year
Property tax
Land + Additions
Assessment*
2026
$4,996 (−0.9%)
$90,000 + $377,500
$467,500
2025
$5,042 (+10.0%)
$90,000 + $377,500
$467,500
2024
$4,585 (+2.0%)
$75,000 + $397,000
$472,000
2023
$4,495 (+16.5%)
$80,000 + $384,100
$464,100
2022
$3,857 (+6.3%)
$60,000 + $267,600
$327,600
2021
$3,628 (+23.4%)
$60,000 + $228,300
$288,300
2020
$2,939 (+11.6%)
$50,000 + $186,100
$236,100
2019
$2,633 (−1.1%)
$50,000 + $170,500
$220,500
2018
$2,663 (+7.7%)
$50,000 + $124,800
$174,800
2017
$2,472 (+2.4%)
$50,000 + $124,800
$174,800
2016
$2,413 (−6.9%)
$50,000 + $115,300
$165,300
2015
$2,592
$50,000 + $124,900
$174,900
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
6
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
0.48 Acres
Year renovated
1985
Sq. Ft.
2,830
Year built
1977
Style
Other
County
Spokane County
APN
45201.1442
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
MFR
Multifamily Residential District
Multifamily Residential. Allows for multifamily housing located near business and commercial centers, the arterial street system, and public transit. Adjacent single-family zones are protected through transitional standards.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Bed & breakfast
Office
Educational/school
Golf related
Park & open space
Property details
Parking
Parking Information
Parking Features: Attached
Garage Spaces: 2
Interior
Basement Information
Basement Features: Unfinished
Heating & Cooling
Heating Information: Baseboard
Cooling Information: Wall Unit(s)
Exterior
Building Information
Construction Materials: Wood
Roof: Composition Shingle
Property Features
Home or Community Amenities: Cable TV, Deck, None
Property Information
Property Type: Residential Income
Property Sub Type: Rental
Lot Information
Lot Size Acres: 0.48
Road Frontage Type: Paved Road
Location
Multi-Unit Information
# of Units (Total): 2
Unit Type 1 Information
# of Bathrooms: 2
# of Bedrooms: 3
Unit Type 2 Information
# of Bathrooms: 2
# of Bedrooms: 3
School Information
Elementary School District: Central Valley
Location Information
Address Search Number: 506
Area: A110/071
Directions: UNIVERSITY SOUTH TO 8TH WEST TO FELTS NORTH TO DUPLEX.
Public facts
Beds: 6
Baths: 4.0
Sq. Ft.: 2,830
Stories: 1.0
Lot Size: 0.48 acres
Style: Other
Year Built: 1977
Year Renovated: 1985
County: Spokane County
APN: 45201.1442
Home facts updated by county records on Sep 2, 2026
Other
Listing Information
Class: Rental Income
FIPS: 53063
Down Payment Assistance: ***
Bank Approved: No
Lender Owned: No
Relocation Corporation Owned: No
Listing Date Information
First Photo Add Dt: 2022-07-14T21:35:19.8
Listings Off Market Status Date: 2022-07-24
Home Information
Living Area: 3170
Building Area Total: 3170
Structure Type: Duplex
Listing Office Information
SAR_LO1_BranchOfOrgID: 1139
Around this home
Schools
Opportunity Elementary School
Public PreK-5 • Assigned • 1.0mi
4/10
North Pines Middle School
Public 6-8 • Assigned • 1.4mi
5/10
University High School
Public 9-12 • Assigned • 2.3mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 94° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
17 unhealthy days expected this year, 17 days in 30 years
Provided by First Street
Historical weather
Spokane Valley, WA • 99206
Average low and high temperatures (°F)
36
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52
34
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36
70
45
76
51
86
58
85
58
80
52
59
38
44
34
40
32
Jan
Feb
Mar
Apr
May
Jun
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$507,000 – $614,000
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