Felts Townhomes

For Sale

303-314 S Felts Ln, Spokane Valley, WA 99206

This Spokane Valley property for sale is located at 303-314 S Felts Ln. The general use of Felts Townhomes is multi-family and it incorporates 14,560 square feet of class A multi-family space. The current listed sale price for Felts Townhomes is $3,095,000. Felts Townhomes is situated on a lot that is 0.8 acre in size.

Contacts

Jordan Lester, CCIM, MBA

SVN | Cornerstone

Property Details

  • Property Type Multi-Family
  • Property Size 14,560 SF
  • Units 12
  • Lot Size 0.8 Acre
  • Building Class A
  • Year Built 2025
  • Date Updated Aug 20, 2026
SVN Cornerstone is pleased to present the Felts Townhomes for sale located at 303-314 S Felts Ln in the Spokane Valley. The Felts Townhomes consist of 12 two story townhome units, each offering two bedrooms and one and a half bathrooms. The property features newer construction with high end finishes, dedicated covered carports for each unit, in unit washer and dryer, and an on site community garden for residents.
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Highlights

  • High Quality Interiors Each unit includes LVP flooring, stainless steel appliances, hard surface countertops, ductless heating and cooling, private patios, in unit washer and dryer, and covered carport parking
  • Investor Friendly Location Spokane Valley location with lower utility costs, tenants paying garbage directly, 90 day rent increase notices versus 180 days in the City of Spokane, and fewer regulatory restrictions
  • Newer Construction 8 of the 12 units were built in 2016 and 4 of the 12 units were completed in 2025, providing modern systems and low future maintenance
  • Rental Upside and Exit Flexibility Current rents average $1,656 versus $1,750 market rents, offering immediate upside and the option to sell 4 of 12 units individually due to separate parcels for added flexibility
  • Strong Rental Demand and Demographics Desirable Dishman Hills location with easy access to I-90, schools, parks, and employment, supported by strong household incomes averaging $152,588 within one mile

Attachments

Getting around

  • 65/100

    Walk Score ®

  • 45/100

    Transit Score ®

  • 62/100

    Bike Score ®

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Location

  • City Spokane Valley, WA
  • Neighborhood Dishman
  • Zip Code 99206
  • Market Spokane

Points of Interest

  • nomnom

    0.31 miles

  • Conoco

    0.70 miles

  • Exxon

    0.86 miles

  • Indie Food Mart and Fuel

    1.26 miles

  • Holiday

    1.30 miles

  • Holliday

    1.80 miles

  • ChargePoint

    8.08 miles

  • Tesla Destination Charger - Hampton Inn Spokane

    9.89 miles

  • Phillips Creek Trailhead

    2.44 miles

  • Mirabeau South Trailhead

    2.77 miles

  • Mirabeau North Trailhead

    2.87 miles

  • Iller Creek Trailhead

    3.70 miles

  • Lot P4

    4.28 miles

  • Lot P3

    4.34 miles

  • P25

    4.34 miles

  • Lot P5

    4.41 miles

  • Lot P28

    4.42 miles

  • Lot P2

    4.43 miles

  • Holiday Inn Express Spokane Valley

    1.32 miles

  • Fairfield Inn & Suites

    1.50 miles

  • HomeTowne Studios

    1.56 miles

  • Baymont Inn & Suites

    1.58 miles

  • Super 8 Spokane Valley

    1.60 miles

  • Motel 6

    1.65 miles

  • Comfort Inn & Suites

    1.86 miles

  • Red Top Motel

    2.43 miles

  • Rodeway Inn & Suites Spokane

    2.53 miles

  • Tru by Hilton

    2.59 miles

  • Rosauers

    0.21 miles

  • WinCo Foods

    0.34 miles

  • Grocery Outlet

    1.18 miles

  • Yoke's

    1.69 miles

  • Lieng & Pheng Oriental Market

    1.81 miles

  • Yoke's Fresh Market

    1.89 miles

  • Safeway

    2.09 miles

  • Target

    2.15 miles

  • Big Lots

    2.39 miles

  • Harvest foods

    2.44 miles

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