1215 S Ray St, Spokane, WA 99202
Spokane County
Key Facts
Description
Investors and developers — this is the one. A third of an acre in South Hill, Spokane, zoned for up to 4 units under City density code. Build a fourplex, duplex with ADUs, or cottage cluster—flexible for max returns. Water and sewer at the street keep costs predictable. Minutes to Trader Joe’s, Lincoln Heights Shopping Center, transit, and quick freeway access to downtown and the Valley—strong rental demand and commuter appeal. In order to reduce upfront capital, the owner is open to a joint venture with a qualified builder and agreement to share proceeds upon sale of the finished project. Infill lots with this zoning, size, and location are rare. Run your numbers and come take a look. MUST CONTACT REALTOR TO VIEW. DO NOT DRIVE ON EASEMENT NEXT TO PROPERTY.
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
0.31 acres
Days on Market
95
MLS® Listing#
202613847
Property Features
Utilities
Schools
- Elementary:
- Franklin
- Middle:
- Chase
- High:
- Ferris
Financial Details
Parcel Number
35223.3103
Directions
From E 9th Ave, head South on S Ray St. Pass E 11th Ave and continue for one block; the vacant lot is located on the Right (West side) between E 12th and E 13th Avenue.
Affordability Calculator
$17,000
Estimated monthly payment
$452/mo
Principal $68,000 · Est. interest $94,866 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Spokane, WA
- $478,119
- Median Listing Price
- 46
- Median Days on Market
- 2,183
- Median Sq Ft
- $221
- Median Price / Sq Ft
- 1,768
- Active Listings
- This home’s price is 82% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Spokane, WA.
Location
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Points of Interest in Spokane, WA
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Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| XX W 28th Ave, Spokane, WA | $64,900 | — | — | — |
| 1120 W Euclid Rd, Spokane, WA | $65,000 | — | — | — |
| 407 E Cleveland Ave, Spokane, WA | $65,000 | — | — | — |
| 13XX W Spofford Ave, Spokane, WA | $65,000 | — | — | — |
| 3130 E Marietta Ave, Spokane, WA | $69,000 | — | — | — |
| 11920 E Mansfield Ave #47 Ave, Spokane Valley, WA | $69,900 | 2 | 1 | — |
Moving Cost Estimate
EXIT Agents in Spokane
Listing Courtesy: REAL Broker LLC - Main: (509) 570-2482