303-314 S Felts Ln, Spokane, WA, 99206
About This Home
Felts Townhomes is a 12-unit, two-story townhome property in Spokane Valley near Dishman Hills. The property features newer construction, with eight units built in 2016 and four additional units completed in 2025, offering modern systems and low maintenance. Each townhome includes LVP flooring, stainless steel appliances, hard-surface countertops, ductless heating and cooling, in-unit washer and dryer, private patios, and covered carport parking. The property is in an investor-friendly location with lower utility costs, tenant-paid garbage, a 90-day rent increase notice period, and fewer regulations than the City of Spokane. Strong rental demand is driven by access to I-90, schools, parks, and nearby employment, supported by average household incomes of approximately $152,588 within one mile. In-place rents average $1,656 versus estimated market rents of $1,750, offering immediate upside. Separate parcels allow flexibility to sell up to four units individually.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 2025
Materials
- Roof: Composition
- Construction materials: Masonite
Type & Style
- Home type: MultiFamily
Interior
Basement
- Basement: None
Heating & Cooling
- Heating features: Electric,Zoned
- Cooling features: Wall Unit(s)
Interior Area
- Total structure area: 14,560
- Total interior livable area: 14,560 sqft
Property
Details
- Parcel number: 45201.2813
Features
- Levels: Two
- Waterfront features: See Remarks
Lot
- Lot size: 0.80 Acres
Parking
- Parking features: Attached,Carport
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Ice Storm
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Spokane County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $15,650 | $187,800 |
| Home Insurance * | $867 | $10,404 |
| Property Taxes | $2,011 | $24,132 |
| Electricity | $995 | $11,951 |
| Total | $19,523 | $234,276 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-13 | Price change | $3,095,000 |
| 2026-02-03 | Listed for sale | $3,250,000 |
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