Log In/Sign Up
Your email has been sent.
Felts Townhomes 303 S Felts Ln 12 Unit Apartment Building $4,247,826 CAD ($353,985 CAD/Unit) 5.50% Cap Rate Spokane Valley, WA 99206
Investment Highlights
- Newer Construction – Eight units built in 2016 and four units completed in 2025, offering modern systems and low future maintenance.
- Investor-Friendly Location – Spokane Valley with lower utility costs, tenant-paid garbage, and a 90-day rent increase notice period.
- Attractive Demographics – Average household incomes of approximately $152,588 within one mile.
- Updated Interiors – LVP flooring, stainless steel appliances, hard-surface countertops, ductless heating and cooling, in-unit washer/dryer, private pa
- Strong Rental Demand – Desirable Dishman Hills location with easy access to I-90, schools, parks, and employment.
- Rental Upside & Flexibility – Average rents of $1,656 versus $1,750 market, with the option to sell up to four units individually.
Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,247,826 CAD | Apartment Style | Townhome |
| Price Per Unit | $353,985 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.71 AC |
| Cap Rate | 5.50% | Building Size | 16,229 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2017 |
| Property Subtype | Apartment | Parking Ratio | 4/1,000 SF |
| Zoning | CMU | ||
| Price | $4,247,826 CAD |
| Price Per Unit | $353,985 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.71 AC |
| Building Size | 16,229 SF |
| No. Stories | 2 |
| Year Built | 2017 |
| Parking Ratio | 4/1,000 SF |
| Zoning | CMU |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 12 | $2,273 CAD | 1,220 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,381,156 CAD | |
| Land Assessment | $777,927 CAD | Total Assessment | $3,159,083 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$777,927 CAD
Improvements Assessment
$2,381,156 CAD
Total Assessment
$3,159,083 CAD
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Felts Townhomes | 303 S Felts Ln
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.