1222 E Marietta Ave Spokane, WA 99207
Bemiss NeighborhoodEstimated payment $699/month
Highlights
- Property is near public transit
- Landscaped with Trees
- Fenced
- Corner Lot
- High Speed Internet
About This Lot
A ready-to-build lot offering a rare opportunity for multifamily development in a high-demand area. The property comes with a pre-approved 8-year Multi-Family Tax Exemption (MFTE). This exemption applies to the residential improvements, a significant financial benefit over its term. The property includes nearly completed fourplex plans, along with civil and structural engineering—offering a head start—or the flexibility to pursue your own design. The MFTE requires a minimum of four units to qualify for the program. There are no income or rent restrictions, allowing for market-rate development. With a growing demand for multifamily housing, this property presents an ideal opportunity for investors to capitalize on Spokane's expanding housing market.
Property Details
Property Type
- Land
Lot Details
- 5,700 Sq Ft Lot
- Fenced
- Corner Lot
- Level Lot
- Landscaped with Trees
- Property is zoned Multi
Schools
- Yasuhara Middle School
- North Central High School
Additional Features
- Property is near public transit
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 35081.4515
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $506 | $75,000 | $75,000 | -- |
| 2024 | $506 | $50,000 | $50,000 | -- |
| 2023 | $499 | $50,000 | $50,000 | $0 |
| 2022 | $537 | $50,000 | $50,000 | $0 |
| 2021 | $537 | $45,000 | $45,000 | -- |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/18/2025 09/18/25 | For Sale | $125,000 | +163.2% | -- | |
| 12/23/2021 12/23/21 | Sold | $47,500 | -13.6% | -- | View Prior Sale |
| 12/06/2021 12/06/21 | Pending | -- | -- | -- | |
| 11/18/2021 11/18/21 | For Sale | $55,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $77,500 | None Listed On Document |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $27,500 | Seller Take Back |
Source: Spokane Association of REALTORS®
MLS Number: 202524215
APN: 35081.4515
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