Property details
About 1222 E Marietta Ave
This shovel-ready lot offers a unique chance to develop multifamily housing with significant tax advantages. The property comes with a pre-approved 8-year Multi-Family Tax Exemption (MFTE), which begins on January 1st following the recording of the Certificate of Occupancy post-project completion. This exemption applies to the residential improvements, providing substantial savings. The site includes nearly completed four-plex plans, requiring only two minor updates per city requirements. While the MFTE requires a minimum of four units, developers have flexibility in configuration to meet this requirement. There are no income or rent restrictions, allowing for market-rate development. The City of Spokane is actively encouraging such developments and offers guidance to streamline the process. With a growing demand for multifamily housing, this property presents an ideal opportunity for investors to capitalize on Spokane's expanding housing market.
Highlights
(New)
Summary
- List Price: $140,000
- Annual Tax Amount: $500
- Tax Year: 2024
- Lot: Many Trees, Level, Corner Lot, Fencing
- Directions: GPS
- Lot Size: 0.13 Acres
- MLS Number: 202516253
- MLS Name: SARMLS
- Office Name: Windermere City Group
- Office Email: citygroup@windermere.com
- Listing Agent: Ben Olney
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.
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. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2025 Spokane Association of REALTORS® MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/6/2025, 11:10:42 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$140,000
1222 E Marietta Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 30, 2024 | Home Sold | $77,500 |
| Dec 23, 2021 | Home Sold | $47,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $50,000 | $500 |
| 2023 | $45,000 | $537 |
| 2022 | $45,000 | $536 |
History based on county public records data.
Nearby schools
1
Logan Elementary School
Public District PK-5
0.2 mi
•1001 E Montgomery Ave
3
Longfellow Elementary School
Public District PK-5
0.7 mi
•800 E Providence Ave
2
Stevens Elementary School
Public District PK-5
0.8 mi
•1717 E Sinto Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,724. The most common annual income of people living in Spokane, WA is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Mexican League Soccer
Soccer
Pro Boxing
Where do the neighbors shop?
Books-a-Million
Burlington
Forever 21
Where do the neighbors go to eat?
Church's Chicken
Dominos Pizza
White Castle
What do the neighbors drive?
Toyota
Chevrolet
Mazda
What do the neighbors listen to?
Adult Hits
Urban Adult Contemporary- Rhythmic Contemporary Hits
Frequently asked questions
About 1222 E Marietta Ave
The listing price of 1222 E Marietta Ave property is $140,000.
The property 1222 E Marietta Ave is land located in Spokane, Washington, 99207.
Active Listing: 1222 E Marietta Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1222 E Marietta Ave are: Logan Elementary School (GreatSchools Rating 1/10), Longfellow Elementary School (GreatSchools Rating 3/10), Stevens Elementary School (GreatSchools Rating 2/10), Yasuhara Middle School (GreatSchools Rating 1/10), Shaw Middle School (GreatSchools Rating 2/10), Spokane Public Montessori (GreatSchools Rating 6/10), Rogers High School (GreatSchools Rating 3/10), On Track Academy (GreatSchools Rating 5/10), North Central High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $500 (source: MLS/based on county public records data).
The last sale was on May 30, 2024 for $77,500 (source: MLS/tax record).
The property 1222 E Marietta Ave is 0.13 acres.
This home is located at 1222 E Marietta Ave in Spokane, WA and zip code 99207 in the Logan neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 5, 2025 and is currently priced at $140,000.
In April 2025 more than 114 listings in Spokane, WA were sold above the asking price. During the same period more than 107 listings were sold at asking price, while more than 63 were sold below. The number of homes for sale in Spokane, WA increased by 23.6% between March and April 2025. Listings spent 27 days on the market in April 2025, and had a median list price of $407,615 during the same period.