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 Jul 3, 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