13217 3rd Ln Spokane, WA 99216
This 0.53-acre residential lot in Spokane, Washington (99216), located at 13217 E 3rd Ln, Spokane County, is perfectly situated for the construction of a twelve-unit apartment complex. Priced at $600,000, this shovel-ready property boasts all necessary frontage improvements already in place. Permits are secured and a complete plan set is included in the sale price, allowing for immediate commencement of construction upon closing. The property is currently listed as one parcel, though the possibility of acquiring a second adjacent parcel exists. This presents a unique opportunity for developers seeking a streamlined path to building a multi-family residential project. While a turnkey option with a completed 12-unit, two-bedroom, two-bathroom apartment complex is available at a separate listing, this lot offers the flexibility to utilize your own builder or leverage the existing plans and permits for a more customized approach. The property's location in Spokane offers access to a growing population and a strong rental market, making it an attractive investment opportunity. Don't miss this chance to acquire a fully permitted and prepared lot ready for immediate development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.