$825,000
39.55± Acres
New Listing
Spokane County, Washington

Palouse Homestead with Income Potential

ID: 103463
Status: New Listing
Price: $825,000
Acres: 39.55
Price Per Acre: $20,860
Type: Residential Property, Farms, Business Opportunity
Address: 39919 S Farmington Rd
City, State: Latah, Washington
County: Spokane
Zip Code: 99108
Presented By: Chad Stout

Description

A truly special opportunity -- a 39.55-acre property set among the rolling Palouse hills near Latah that combines rural charm, income potential, and established infrastructure.

This property offers the best of both worlds: peaceful country living and immediate passive income. A large portion of the acreage is currently leased to a local wheat farmer, helping maintain the land's agricultural value while generating revenue.

The farmhouse spans 1,983 sq ft and is full of character, featuring:

  • 5 bedrooms and 2 bathrooms
  • Hardwood floors and original wood trim
  • Built-in cabinetry and vintage charm throughout
  • A 1,000+ sq ft unfinished basement with ample storage and project space
  • Easy access to plumbing and electrical systems

The kitchen and bathrooms retain their classic style, offering a great opportunity to update and customize to your vision. Sellers may offer concessions for improvements with an acceptable offer.

In addition to the home, the property is well-equipped for a wide range of uses, including:

  • Large barn
  • Expansive multi-bay shop
  • Oversized garage (previously used for livestock)
  • Chicken coop
  • Two established garden areas

Whether you're looking to farm, raise animals, pursue hobbies, or expand into a full rural operation, this property provides the flexibility and infrastructure to make it happen.

If this sounds like something you'd like to explore further, I'd be happy to provide more details or arrange a private tour.

Additional Details

Home Details

Sq Ft: 1983.00
Beds: 5
Full Baths: 2
Year Built: 1938
Stories: 2
Foundation: Slab
Exterior Materials: Metal Siding
Roof: Composition
Basement: Unfinished
Appliances: Oven, Refrigerator
Flooring: Hardwood
Water Source: Well
Cooling: Central Air
Heating: Electric, Heat Pump, Propane
Fireplaces: 2

Additional Info

School District: Liberty
Utilities: Electricity Connected, Propane

Financial

Listing Terms: Cash, Conventional
Tax ID: 51203.9008
Taxes (annually): $3,427
Tax Year: 2025
Legal Description:

THE SOUTH HALF OF THE SOUTH HALF OF THE SOUTHWEST QUARTER OF SECTION 20,

TOWNSHIP 21 NORTH, RANGE 45

EAST, W.M.;
EXCEPT COUNTY ROAD;

SITUATE IN THE COUNTY OF SPOKANE, STATE OF WASHINGTON.

Ask Chad About This Property

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