Description
Felts Townhomes is a 12-unit, two-story townhome property in Spokane Valley near Dishman Hills. The property features newer construction, with eight units built in 2016 and four additional units completed in 2025, offering modern systems and low maintenance. Each townhome includes LVP flooring, stainless steel appliances, hard-surface countertops, ductless heating and cooling, in-unit washer and dryer, private patios, and covered carport parking. The property is in an investor-friendly location with lower utility costs, tenant-paid garbage, a 90-day rent increase notice period, and fewer regulations than the City of Spokane. Strong rental demand is driven by access to I-90, schools, parks, and nearby employment, supported by average household incomes of approximately $152,588 within one mile. In-place rents average $1,646 versus estimated market rents of $1,750, offering immediate upside. Separate parcels allow flexibility to sell up to four units individually.
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0BEDS
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0.8ACRES
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0BATHS
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01/2 BATHS
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14,560SQFT
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$223$/SQFT
Description
Felts Townhomes is a 12-unit, two-story townhome property in Spokane Valley near Dishman Hills. The property features newer construction, with eight units built in 2016 and four additional units completed in 2025, offering modern systems and low maintenance. Each townhome includes LVP flooring, stainless steel appliances, hard-surface countertops, ductless heating and cooling, in-unit washer and dryer, private patios, and covered carport parking. The property is in an investor-friendly location with lower utility costs, tenant-paid garbage, a 90-day rent increase notice period, and fewer regulations than the City of Spokane. Strong rental demand is driven by access to I-90, schools, parks, and nearby employment, supported by average household incomes of approximately $152,588 within one mile. In-place rents average $1,646 versus estimated market rents of $1,750, offering immediate upside. Separate parcels allow flexibility to sell up to four units individually.
© 2026 of Spokane Association of REALTORS® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2026-02-11T15:20:34.403.