SOLD JUL 31, 2026

Sold on Jul 2026

$2,075,000

•

14 ba

•

10,185

sq ft

701 S Felts Rd, Spokane Valley, WA 99206

About this home

Newer 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 rentals 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 $2100 to $2550 a month, average is $2275. Gross monthly rents are $16,190.

Multi-familyProperty Type

2023Year Built

0.66 acresLot Size

$204Price/Sq.Ft.

10 car garageParking

Listed by Seth Maefsky • Keller Williams Realty Coeur d

Bought with Jodi Long • eXp Realty, LLC

Redfin checked: a few seconds ago

•Source:SPOKANEMLS as Distributed by MLS Grid #202611078

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 99206, WA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.9%

0.3% MoM

Median sale price

$450K

$5K MoM

Avg. days on market

21d

0 days MoM

Recently sold homes

139

6 MoM

New listings for sale

NEW 5 HRS AGO
$245,000
2 beds1 bath901 sq ft
9920 E 16th Ave #101, Spokane Valley, WA 99206
NEW 5 HRS AGO
$630,000
6 beds4 baths2,430 sq ft
11704 E Valleyway Ave, Spokane Valley, WA 99206
NEW 8 HRS AGO
$379,900
3 beds2 baths1,172 sq ft
4309 N Dartmouth Ln, Spokane Valley, WA 99206
NEW 25 HRS AGO
$425,000
5 beds2 baths2,272 sq ft
11921 E 31st Ave, Spokane Valley, WA 99206
OPEN SUN, 1PM TO 2:30PM
$445,000
5 beds2 baths2,076 sq ft
10410 E Sinto Ave, Spokane Valley, WA 99206
NEW 30 HRS AGO
$799,950
3 beds2 baths2,977 sq ft
12117 E Valleyway Ave, Spokane Valley, WA 99206
NEW 32 HRS AGO
$459,900
3 beds2 baths1,878 sq ft
9522 E Valleyway Ave, Spokane Valley, WA 99206
NEW 32 HRS AGO
$127,500
1 bed1 bath636 sq ft
310 N Raymond Rd Unit D-23, Spokane Valley, WA 99206
NEW 1 DAY AGO
$499,000
3 beds2 baths1,554 sq ft
423 N Union Ln, Spokane Valley, WA 99206
$449,500
5 beds3 baths3,300 sq ft
11221 E 21st Ave, Spokane Valley, WA 99206
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Sale and tax history for 701 S Felts Rd

Sale History
Tax History

Date

Event

Price

SPOKANEMLS as Distributed by MLS Grid #202611078

Jul 31, 2026

Sold

$2,075,000

$204/sq ft

May 24, 2026

Pending

—

May 12, 2026

Price Changed

$2,288,000

$225/sq ft

Jan 20, 2026

Listed

$2,295,000

$225/sq ft

SPOKANEMLS as Distributed by MLS Grid #202424671

Dec 1, 2025

Listing Removed

—

Mar 7, 2025

Price Changed

$2,291,000

$225/sq ft

Feb 10, 2025

Price Changed

$2,399,900

$236/sq ft

Jan 13, 2025

Price Changed

$2,495,000

$245/sq ft

Oct 22, 2024

Listed

$2,595,000

$255/sq ft

SPOKANEMLS as Distributed by MLS Grid #202024818

Jul 28, 2021

Sold

$280,000

$27/sq ft

Jul 14, 2021

Pending

—

Jul 9, 2021

Price Changed

$280,000

$27/sq ft

Jul 7, 2021

Price Changed

$290,000

$28/sq ft

Jun 23, 2021

Price Changed

$300,000

$29/sq ft

Jun 16, 2021

Relisted

—

Jun 7, 2021

Pending

—

Jun 2, 2021

Price Changed

$330,000

$32/sq ft

May 27, 2021

Price Changed

$350,000

$34/sq ft

May 19, 2021

Price Changed

$370,000

$36/sq ft

May 12, 2021

Price Changed

$390,000

$38/sq ft

May 6, 2021

Price Changed

$410,000

$40/sq ft

Apr 30, 2021

Price Changed

$430,000

$42/sq ft

Apr 23, 2021

Price Changed

$450,000

$44/sq ft

Apr 16, 2021

Price Changed

$470,000

$46/sq ft

Apr 9, 2021

Price Changed

$490,000

$48/sq ft

Apr 8, 2021

Relisted

—

Dec 22, 2020

Listing Removed

—

Dec 16, 2020

Price Changed

$525,000

$52/sq ft

Dec 8, 2020

Price Changed

$550,000

$54/sq ft

Dec 1, 2020

Price Changed

$575,000

$56/sq ft

Nov 12, 2020

Listed

$595,000

$58/sq ft

This 5,108 square foot, 6 unit, multi family dwelling, built in 1926, has 5 apartments plus 1 studio apartment. Each unit has an electric meter. Tenants have month to month leases. Five units are occupied, one unit is empty and available to tour! Tenants pay their own electrical Owner pays garbage, gas, and water. Units have their own washer/dryer hookup. Some units have skylights. Lots of off street parking. With Proof of Funds arrangements can be made for potential buyer to see all units. Seller will make no repairs. Low ball offers will not be accepted at this time. Approximately 2/3 of an acre of land. Deferred maintenance. Many long term tenants. Possible owner financing for 6 months.

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

Spokane County

APN

45201.1326

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Nov 21, 2024.

R-4

Single-Family Residential Urban District

Single-Family Residential Urban. Allows for single-family residential development at an urban density that provides flexibility and promotes reinvestment in existing single-family neighborhoods.

Permitted uses

Include but are not limited to:

Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Bed & breakfast
Educational/school
Golf related
Cemetery
Park & open space

Aug 2, 2025 • Final

Engineered grading

Grading

Oct 3, 2024 • Final

Commercial (new) building

Construct new townhomes with attached garages. The project includes three units.

New construction

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: Attached, Garage Door Opener, Off Site
Garage Spaces: 10

Interior

Virtual Tour

Basement Information
Basement Features: Slab

Heating & Cooling
Heating Information: Natural Gas, Forced Air
Cooling Information: Central Air

Interior Features
Interior Features: Pantry, Kitchen Island
Appliances: Free-Standing Range, Dishwasher, Refrigerator, Disposal, Microwave, Washer, Dryer, Hard Surface Counters

Multi-Family Financial Information
Water Sewer Expense: $6,156

Multi-Unit Information
# of Units (Total): 7

Unit Type 1 Information
# of Units: 2
# of Bathrooms: 2
# of Bedrooms: 3

Unit Type 2 Information
# of Units: 5
# of Bathrooms: 2
# of Bedrooms: 3

Exterior

Building Information
Construction Materials: Masonite, Fiber Cement
Roof: Composition

Exterior Features
Patio And Porch Features: Patio

Property Features
Home or Community Amenities: None

Property Information
Property Type: Residential Income

Lot Information
Lot Size Length: 145
Lot Size Width: 198
Lot Features: Fenced Yard, Sprinkler - Automatic, Level
Lot Size Acres: 0.66
Road Frontage Type: City Street, Paved Road

Utilities

Utility Information
High Speed Internet: Yes
Internet Provider: Comcast
Utilities: Cable Available

Location

School Information
Elementary School: Opportunity
Elementary School District: Central Valley
Middle Or Junior High School: North Pines
High School: University

Location Information
Address Search Number: 701
Area: A110/076
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.

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Spokane County
APN: 45201.1326

Home facts updated by county records on Nov 21, 2024

Other

Listing Information
Class: Rental Income
FIPS: 53063
1031 Exchange: No
Lender Owned: No
Relocation Corporation Owned: No

Listing Date Information
First Photo Add Dt: 2026-01-20T20:17:45.6

Home Information
Living Area: 10185
Building Area Total: 10185
Building Area Source: Plans
Structure Type: Two Story

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 • 2.1mi

7/10

Provided by GreatSchools

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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

81/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.5 hrs

4.3 hrs

JuneDecember

Provided by Shadowmap

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New listings for sale in 99206

NEW 5 HRS AGO

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$425,000

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11921 E 31st Ave, Spokane Valley, WA 99206

OPEN SUN, 1PM TO 2:30PM

$445,000

5 beds2 baths2,076 sq ft

10410 E Sinto Ave, Spokane Valley, WA 99206

NEW 30 HRS AGO

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3 beds2 baths2,977 sq ft

12117 E Valleyway Ave, Spokane Valley, WA 99206

NEW 32 HRS AGO

$459,900

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9522 E Valleyway Ave, Spokane Valley, WA 99206

NEW 32 HRS AGO

$127,500

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Home values near 701 S Felts Rd

Data from public records.

Address	Redfin Estimate
707 South Felts Road, Spokane Valley, WA 3 Beds \| 2 Baths \| 1929 Sq. Ft.	$358,161
608 South Felts Road, Spokane Valley, WA 3 Beds \| 2 Baths \| 1976 Sq. Ft.	$431,233

Address	Redfin Estimate
705 South Felts Road, Spokane Valley, WA 4 Beds \| 2 Baths \| - Sq. Ft.	$368,149
615 South Felts Road, Spokane Valley, WA 5 Beds \| 2 Baths \| 2260 Sq. Ft.	$407,361

Address	Redfin Estimate
616 South Felts Road, Spokane Valley, WA - Beds \| - Baths \| - Sq. Ft.	$643,459
702 South Felts Road, Spokane Valley, WA 4 Beds \| 2.5 Baths \| 2243 Sq. Ft.	$416,182

Property information provided by SPOKANEMLS as Distributed by MLS Grid when last listed in 2026. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 99206, WA

Homeowner tools

Sale and tax history for 701 S Felts Rd

Public record

Property details

Around this home

Schools

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 99206

Home values near 701 S Felts Rd

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