$1,200,000

5703 S Thomas Mallen Rd Spokane, WA 99224

Spokane Area

Estimated payment $7,796/month

5 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Horses Allowed On Property
  • Wood Flooring
  • No HOA
  • RV Access or Parking
  • Corner Lot
  • Fenced Yard

About This Home

Exceptional investment and development opportunity on ±4.42 acres of Light Industrial-zoned land in a prime Spokane location with quick, convenient access to I-90. This versatile property offers the rare combination of immediate rental income and outstanding future development potential. Two updated residential homes are currently leased, generating $4,600 per month with the opportunity for immediate rent increases. The homes include a 5-bedroom, 2-bath residence with approximately 1,656 square feet and a 4-bedroom, 2-bath residence with approximately 1,200 square feet. Continue collecting rental income while planning your next commercial or industrial project. The Light Industrial zoning supports a variety of business and development opportunities, making this an ideal investment for developers, owner-users, or investors seeking long-term upside. Rarely does a property offer this combination of income, flexibility, desirable zoning, and a highly accessible location.

Listing Agent

Chelsey Graves

Avalon 24 Real Estate License #114866 Listed on: 08/17/2026

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 4.42 Acre Lot
  • Fenced Yard
  • Corner Lot
  • Level Lot
  • Landscaped with Trees
  • Legal Non-Conforming
  • Property is zoned LI

Parking

  • 2 Car Attached Garage
  • Off-Site Parking
  • RV Access or Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Vinyl Clad Windows
  • Utility Room
  • Wood Flooring
  • Crawl Space

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Additional Homes

  • Accessory Dwelling Unit (ADU)
  • ADU includes 4 Bedrooms

Schools

  • Westwood Middle School
  • Cheney High School

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Hay Storage

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 24053.9031

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

4.42 Acres

Parking

2

Listing Details

  • Year Built: 1948
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • ResoLotFeatures: Fenced Yard, Treed, Level, Corner Lot, Legal Non-Conforming, Horses Allowed
  • Lot Size Acres: 4.42
  • Road Frontage Type: City Street, Paved Road
  • Co List Office Phone: 208-215-2044
  • MLS Status: New
  • Architectural Style: Ranch
  • ResoBuildingAreaSource: Public Records
  • New Construction: No
  • ResoRoomType: Utility Room
  • Reso Structure Type: One Story
  • Reso Window Features: Vinyl Frames
  • Master Plan Zoning: LI
  • HighSpeedInternet: Yes
  • SAR_AccessoryDwellingUnitYN: No
  • SAR_PUDYN: No
  • SAR_ADUBR: 4
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space, Slab
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Disposal, Microwave
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Wood
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Construction Type: Vinyl Siding
  • Other Structures: Hay
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Slab, RV Access/Parking, Off Site

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Electric, Heat Pump, Ductless

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Snowden
  • High School: Cheney
  • Middle Or Junior School: Westwood

Lot Info

  • Parcel Number: 24053.9031
  • Lot Size Sq Ft: 192535
  • Additional Parcels: No

Map

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/17/2026 08/17/26 For Sale $1,200,000 -- --
Source: Spokane Association of REALTORS®

Source: Spokane Association of REALTORS®

MLS Number: 202622726

Spokane Association of REALTORS®
Washington Spokane County Spokane 99004

5703 S Thomas Mallen Rd, Spokane, WA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Spokane Association of REALTORS® All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Information is deemed reliable but not guaranteed.
Listings courtesy of Spokane Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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Chelsey Graves
Listing Agent
Chelsey Graves
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Avalon 24 Real Estate
(509) 661-3394
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