Whitworth University Value-Add Opportunity | Large Lot

Located in one of North Spokane's most desirable residential submarkets, this property presents a rare opportunity to acquire a cosmetic fixer on over half an acre just a short walk from Whitworth University. Properties offering this combination of location, lot size, development potential, and light renovation requirements are increasingly difficult to find.

Whether you're looking for a traditional fix-and-flip, long-term rental, student housing investment, owner-occupant equity play, ADU development project, or potential lot split opportunity, this property offers multiple profitable exit strategies in a highly sought-after area.

Quick Property Facts

Lot Size: Over 0.50 Acres

Property Type: Single Family Residential

Location: North Spokane / Whitworth Area

Garage: 1-Car Garage

Basement: Partially Finished Basement

Condition: Cosmetic Renovation

Proximity: Approximately 9-Minute Walk to Whitworth University

Strong Location Fundamentals

The property is situated within one of Spokane's most established and desirable neighborhoods. Its close proximity to Whitworth University creates strong owner-occupant, student housing, and rental demand while supporting long-term appreciation.

Development Potential

Large lots in this area are becoming increasingly difficult to find. The oversized parcel presents the potential for an accessory dwelling unit (ADU), additional development opportunities, or a possible lot split, subject to buyer verification and local zoning requirements.

Value-Add Opportunity

Unlike many distressed properties requiring extensive capital expenditures, this home already benefits from a newer roof and mostly vinyl windows. The majority of the renovation is cosmetic in nature, allowing investors to focus their budget on high-return improvements rather than major deferred maintenance items.

Bed/Bath Additions

The partially finished basement offers additional upside for future expansion. While current comparable sales support a strong after-repair value without adding additional bedrooms or bathrooms, buyers will have the option to further increase value.

Multiple Exit Strategies

• Fix & Flip

• Long-Term Rental

• Student Housing Rental

• Owner-Occupant Equity Play

• ADU Development Opportunity

• Lot Split Potential (Buyer to Verify)

• BRRRR Refinance Strategy

• Long-Term Appreciation Hold

Supply-Constrained Submarket

Properties on large lots within walking distance of Whitworth University remain a limited segment of the North Spokane housing inventory. Opportunities combining development potential, cosmetic renovation requirements, and strong location fundamentals continue to attract significant investor demand.

COMPS:

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Bring your vision — A rare opportunity to acquire a cosmetic value-add property on over half an acre in one of North Spokane's most desirable neighborhoods.

For additional information or to schedule a walkthrough, contact Nathan Hall at (509) 425-5952.

Disclaimer:
The property values, projections, zoning interpretations, density potential, and financial figures provided are for informational purposes only and represent rough estimates based on current market data and public information. Buyers and investors are strongly encouraged to conduct their own independent due diligence with Sonoma County and appropriate licensed professionals regarding zoning, permits, STR regulations, flood zones, property condition, redevelopment potential, and financial projections. Hall Street and its agents assume no liability for decisions made based on this information.

Assignment of Contract Opportunity – Not a Listing

Hall St LLC is offering an equitable interest via assignment of contract for property at S Bolivar Rd, Veradale, WA 99037. This is not a brokered listing and we do not own the property.

This is an offer to assign our contractual rights to purchase the subject property. The seller has authorized contract assignment.

I am a Licensed Real Estate Broker (#24032461) with Amplify Real Estate Services. All disclosures required under Washington State real estate law will be provided.