Multi-Family Development Land
For Sale
Contact for pricing
12419 E 3rd Ave, Spokane Valley, WA 99216
1.21-acre vacant lot zoned for multi-family development with frontage road improvements including curb, sidewalk, and swale.
Property SizeContact for details
Lot Size1.21 Acres
Days on Market378
Property Features for 12419 E 3rd Ave
General Information
Standard status
Active
Lot size
1.21 Acres
Property subtype
LAND
Zoning
MFR
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
26
Listing Agency:
eXp Realty LLC
(509) 818-9988
Listed By:
Tyler Carlson
(509) 818-9988
Source:
Moodyscre
Added: Jul 31, 2025
Changed: Aug 8
Last Checked: Apr 19 at 2:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC
Investment Insights
Based on property information with market context.
This is a 1.21-acre vacant land parcel positioned for a multi-family development project. The property is zoned for MFR use, and the current density guidelines indicate potential for up to 26.72 units, subject to buyer verification. Road frontage improvements are already in place, including curb, sidewalk, and swale, which may help streamline early development work.
The lot is located in Central Spokane Valley with convenient access to schools, shopping, and I-90. It is directly adjacent to the Appleway Trail.
With zoning and frontage improvements already addressed, this site is well suited for an infill multi-family plan in an established area.
The lot is located in Central Spokane Valley with convenient access to schools, shopping, and I-90. It is directly adjacent to the Appleway Trail.
With zoning and frontage improvements already addressed, this site is well suited for an infill multi-family plan in an established area.
Key Highlights
- 1.21‑acre vacant lot in Central Spokane Valley zoned for multi‑family development (MFR).
- Frontage road improvements completed: curb, sidewalk, and swale.
- Site is eligible for up to 26.72 units per current density guidelines (buyer to verify).
Property Analytics
Property Profile
Current Use
Lease Details
26
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
662
Businesses Nearby
Explore this area
Business Placement
Demographics for 99216, WA
28,379
Population
12,703
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
1,999
Density / Sq Mi
$69,958
Median Household Income
$40,652
Median Earnings
$1,307
Median Rent
$336,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 1.21-acre vacant lot zoned for multi-family development with frontage road improvements including curb, sidewalk, and swale.
Where is this residential land & home lot located?
The property is located at 12419 E 3rd Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 1.21‑acre vacant lot in Central Spokane Valley zoned for multi‑family development (MFR).; Frontage road improvements completed: curb, sidewalk, and swale.; Site is eligible for up to 26.72 units per current density guidelines (buyer to verify).
