Welcome to this cozy 2 bedroom cottage in Central Valley that perfectly blends modern updates with incredible future potential! Inside, you'll find a completely refreshed interior with brand new appliances. From the updated finishes to the thoughtful layout, every detail has been carefully improved to make this home truly move-in-ready! Even better, the home features a brand new roof, giving you peace of mind for years to come. But what truly sets this property apart is its land. Situated on a rare 1/3 acre lot zoned multifamily residential, this property offers a unique opportunity for both homeowners and investors alike. With the potential to subdivide and develop up to 7 units, the possibilities here are significant! Live in your home while planning your future build, add rental units for income, or explore the developmental potential this lot offers! Very convenient location next to schools, shopping centers, and easy commute! Opportunities like this don't come around often!
Single-familyProperty Type
1951Year Built
0.35 acresLot Size
$405Price/Sq.Ft.
Listed by Yelena Lepekhin• CENTURY 21 Beutler & Associates
Contact: Main: (509) 863-1191
Bought with Jeff Thomas• Amplify Real Estate Services
Est. $1,626 per month, based on comparable rentals
Sale and tax history for 617 S Farr Rd
Sale History
Tax History
Date
Event
Price
SPOKANEMLS as Distributed by MLS Grid #202613319
Apr 6, 2026
Sold
$299,000
$405/sq ft
Mar 12, 2026
Pending
—
Mar 11, 2026
Listed
$299,000
$405/sq ft
+42
Welcome to this cozy 2 bedroom cottage that perfectly blends modern updates with incredible future potential! Inside, you'll find a completely refreshed interior with brand new appliances. From the updated finishes to the thoughtful layout, every detail has been carefully improved to make this home truly move-in-ready! Even better, the home features a brand new roof, giving you peace of mind for years to come. But what truly sets this property apart is its land. Situated on a rare 1/3 acre lot zoned multifamily residential, this property offers a unique opportunity for both homeowners and investors alike. With the potential to subdivide and develop up to 7 units, the possibilities here are significant! Live in your home while planning your future build, add rental units for income, or explore the developmental potential this lot offers! Opportunities like this don't come around often!
SPOKANEMLS as Distributed by MLS Grid #202613320
Apr 6, 2026
Sold
$299,000
$405/sq ft
Mar 12, 2026
Pending
—
Mar 10, 2026
Listed
$299,000
$405/sq ft
+42
SPOKANEMLS as Distributed by MLS Grid #202613195
Apr 6, 2026
Sold
$299,000
$405/sq ft
Mar 12, 2026
Pending
—
Mar 9, 2026
Listed
$299,000
$405/sq ft
SPOKANEMLS as Distributed by MLS Grid #202527590
Jan 15, 2026
Sold
$140,000
$190/sq ft
Dec 31, 2025
Pending
—
Dec 18, 2025
Price Changed
$162,000
$220/sq ft
Dec 11, 2025
Listed
$171,000
$232/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$172 (+1.9%)
$85,500 + $113,800
$199,300
2025
$169 (+1.8%)
$85,500 + $113,800
$199,300
2024
$166 (−0.2%)
$71,250 + $110,100
$181,350
2023
$167 (+22.5%)
$80,000 + $96,600
$176,600
2022
$136 (−4.6%)
$60,000 + $60,800
$120,800
2021
$142 (−4.0%)
$60,000 + $46,700
$106,700
2020
$148 (+2.5%)
$50,000 + $46,000
$96,000
2019
$145 (−2.9%)
$50,000 + $39,700
$89,700
2018
$149 (−4.4%)
$50,000 + $30,900
$80,900
2017
$156 (−2.5%)
$50,000 + $30,900
$80,900
2016
$160 (−3.0%)
$50,000 + $27,600
$77,600
2015
$165
$50,000 + $27,600
$77,600
Public record
Public record
Zoning
Permits
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.35 Acres
Year renovated
1951
Sq. Ft.
738
Year built
1951
Style
Single Family Residential
County
Spokane County
APN
45202.1230
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 30, 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
Jun 27, 2022 • Final
Mechanical permit - residential or commercial
Work on a residential building.
Heat pump
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Features: RV Access/Parking, Workshop in Garage, Oversized