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Investment Highlights

  • 5.03-acre R3-zoned parcel offering high-density multi-family development potential
  • Approximately 2.52-acre buildable area suited for apartments, student housing, townhomes, or senior living
  • Utilities available with established access easement, creating a ready-to-develop opportunity
  • Up to 29 units per acre with additional upside through Planned Residential Development (PRD) standards
  • Prime Southeast Pullman location within 1 mile of Washington State University and near major employers

Executive Summary

The site features a buildable area of approximately 2.52 acres, identified for its utility as a residential development envelope. Under R3 (Medium-Density Multi-Family) zoning, the land supports up to 29 dwelling units per acre, with potential for increased density via Planned Residential Development (PRD) standards. With a 50-foot maximum building height, the site is suited for multi-story apartments, student housing, townhomes, or senior living facilities.

Property Facts

Price $600,420 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 5.03 AC
Zoning R3 - R3 (Medium-Density Multi-Family) zoning

1 Lot Available

Lot

Price $600,420 CAD
Price Per AC $119,367.85 CAD
Lot Size 5.03 AC

The site features a buildable area of approximately 2.52 acres, identified for its utility as a residential development envelope. Zoned R3 (Medium-Density Multi-Family) zoning.

Description

Secure a residential development site in Southeast Pullman with this 5.03-acre R3-zoned parcel. Located within one mile of the Washington State University campus, this property offers a high-density opportunity for multi-family projects. The site features a buildable area of approximately 2.52 acres, identified for its utility as a residential development envelope. Under R3 (Medium-Density Multi-Family) zoning, the land supports up to 29 dwelling units per acre, with potential for increased density via Planned Residential Development (PRD) standards. With a 50-foot maximum building height, the site is suited for multi-story apartments, student housing, townhomes, or senior living facilities. Connectivity is established via a recorded, perpetual access and utility easement through the adjacent Riverview Apartments development, providing a direct link to the SE Bypass Drive. City utilities—including water, sewer, power, and gas—are available at the easement area. The property is located near major regional hubs, including Pullman Regional Hospital, Schweitzer Engineering Laboratories (SEL), and the Palouse Business Center. Local retail, including Walmart and Safeway, is easily accessible. This parcel represents one of the few remaining R3-zoned opportunities of this scale in the area. Record of Survey and preliminary data are available for review. Perfect for a 1031 Exchange opportunity.

Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
815520000000016
Land Assessment
$5,671 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,671 CAD
  • Listing ID: 40287024

  • Date on Market: 2026-04-24

  • Last Updated:

  • Address: TBD SE Bypass Dr Parcel 4, Pullman, WA 99163

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