Prime Investment Opportunity Near Liberty Park — Growth Potential

Price: $129,000
Listed on: Zillow
Location: 1823 E 5th Ave, Spokane, WA 99202

Just steps from Liberty Park’s Aquatic Center, playfields, and local library, this property sits in one of the most desirable and walkable areas around—something that simply can’t be recreated once it’s gone.

Opportunities like this aren’t just about what exists today—they’re about the potential of what it can become.

This three-bedroom, one-bath home is a true value-add opportunity. The interior shows clear signs of wear and will need a full refresh, but the fundamentals are already in your favor.

With an updated furnace, newer water heater, and a roof that’s already been addressed, much of the heavy lifting is done—allowing you to focus on the improvements that actually drive value.

The lot is where this deal truly stands out. Zoned R2 with potential to upzone to four units, this isn’t just a flip—it’s a long-term opportunity. With alley access already in place, you gain flexibility for additional structures, off-street parking, or multi-unit development—features rarely found at this price point.

The backyard is open, level, and highly usable, giving you room to expand, build, or completely reimagine the outdoor layout. Whether you’re aiming to increase density or start fresh with a new concept, the possibilities are there.

This is not a turnkey home—it’s a project. But for the right buyer, that’s exactly the value.

Bring your vision, bring your crew, and turn this into something the market is ready for.

Listed by: Matt Side509-220-3961, Realty One Group Eclipse, Lacey Mckenna509-251-2233, Realty One Group Eclipse

Source: SMLS