Welcome to an exceptional investment opportunity in Spokane Valley. This expansive 1.05-acre parcel, zoned for Multi-Family Residential (MFR), is perfectly positioned in a highly sought-after area, offering unparalleled potential for future development, including the option to build up to 22 units per acre. This renovated 1904 home complete w/ new furnace & modern updates throughout, also features a shop & ADU. The home boasts a spacious kitchen & living area w/ 3 bedrm perfect for gatherings, & a charming masonry fireplace that adds warmth & character. Alongside the main residence, you'll find a spacious 30x40 shop with a powder bath & 1,200 sqft ADU. The shop offers flexibility, as it could easily be converted to add a single studio apartment while preserving half the shop space & the existing ADU, providing additional rental income or living options. This parcel offers the flexibility to divide the lot or pursue a larger-scale development by catering to a variety of investors. 2 storage shed with power