5703 S Thomas Mallen Rd, Spokane, WA 99224

Spokane
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
5703 S Thomas Mallen Rd,Spokane, WA 99224
$1,200,000
  • 5 Beds
  • 2 Baths
  • - sq. ft.
  • Single family
  • Active
Listed by: chelsey graves
Office: avalon 24 real estate
MLS#:202622726
Source:WA_SAR

Price summary

  • Price:$1,200,000

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.

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Home facts

  • Year built:1948
  • Listing ID #:202622726
  • Added:66 day(s) ago
  • Updated:October 23, 2026 at 04:30 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Kitchen Description:Disposal, Free-Standing Range, Microwave, Refrigerator
  • Basement Description:Crawlspace, Slab

Heating and cooling

  • Heating:Ductless, Electric, Heat Pump

Structure and exterior

  • Year built:1948
  • Lot area:4.42 Acres
  • Lot Features:Corner Lot, Fenced Yard, Horses Allowed, Legal Non-conforming, Level, Treed
  • Construction Materials:Vinyl Siding

Schools

  • High school:Cheney
  • Middle school:Westwood
  • Elementary school:Snowden

Finances and disclosures

  • Price:$1,200,000

Parking

  • Parking description:Attached, Off Site
  • Garage:Yes
  • Garage spaces:2

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