12219 N Freya St, Mead, WA 99021 — New Construction Value-Add Opportunity

A rare new construction value-add opportunity in the heart of Mead, Washington — one of Spokane County’s most desirable and supply-constrained residential pockets. This property is approximately 65% complete and sits directly next to Mead High School, offering strong resale demand driven by location, school proximity, and limited new-build inventory.

The home is already well underway, allowing an investor or builder to step in and complete construction rather than starting from the ground up. With much of the heavy lifting done, this project supports efficient value creation and multiple exit strategies.

Quick Property Facts

• Property Type: New construction single-family residence

• Construction Status: ~65% complete

• Location: Prime Mead location, immediately adjacent to Mead High School

• Opportunity Type: Finish-out value-add (vertical already in place)

Key Investor Highlights

Strong End-Buyer Demand
Mead continues to attract buyers seeking newer homes in quality school districts with suburban appeal and proximity to North Spokane amenities. New construction inventory in this area remains limited, supporting strong resale potential.

School-Adjacent, Yet Buffered Location
Located within easy walking distance to Mead High School, the property benefits from strong school-driven demand while maintaining enough separation to avoid day-to-day activity disturbances. This balance supports long-term desirability, resale liquidity, and appeal to households prioritizing school access without sacrificing privacy or quiet enjoyment.

Flexible Exit Strategies
Ideal for:

• Retail flip upon completion

• Long-term hold as a newer-construction rental

Bring your vision — a partially completed new construction home in Mead with strong location fundamentals, efficient value-add potential, and multiple profitable exit paths in a high-demand North Spokane market.

Property Comps:

https://www.hallstreetco.com/s/12219-N-Freya-Comps.pdf

For any additional questions or details please contact Nathan Hall at (509) 425-5952.

Disclaimer:
The property values, projections, and figures provided on this website are for informational purposes only and represent rough estimates based on current market data. Buyers, sellers, and investors should conduct their own due diligence and consult with appropriate professionals before making any financial decisions. 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 12219 N Freya St, Mead, WA 99021. 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.