$725,000

NE Gray Ln, Pullman, WA 99163

0.54 acres

MULTI-FAMILY RE zone

Listed by Magenta & Co, Llc, Callie Younger

Status: Active

MLS® #293047

Property description for NE Gray Ln, Pullman, WA 99163

MLS# 293047 Extraordinarily rare development opportunity in heart of Pullman. Offering includes THREE contiguous vacant land parcels being sold together as one premier investment opportunity directly adjoining entrance to Washington State University & overlooking historic Reaney Park. Opportunities to acquire nearly ½ acre of multifamily-zoned land in coveted university-adjacent location are exceptionally scarce & seldom come to market. Positioned on picturesque Gray Ln., property is surrounded by Pullman’s classic mature tree canopy streetscape & overlooks Reaney Park & Pool & iconic pedestrian entry trail leading directly into the WSU campus. Setting captures timeless collegiate character of Pullman, framed by WSU’s historic brick academic buildings & vibrant campus atmosphere.Historically, entrance near Reaney Park served as principal connection between City of Pullman & “college on the hill,” once anchored by prominent basalt stone arch. Reaney Park, Pullman’s oldest municipal park, dates back to early 1900s & once featured student-used livery stable in 1910, adding rich historical significance to remarkable location.Sale consists of 3 buildable lots totaling approx. 23,616 Sq Ft.(just over ½ acre):• Lot 1 – 8,166 SF• Lot 2 – 7,950 SF• Lot 3 – 7,500 SFAll 3 parcels: zoned Multi-Family Residential, presenting exceptional future development potential for student housing, income-producing rentals, townhomes, apartments, or thoughtfully designed tiered residential project. Upward-sloping terrain creates opportunity for elevated, staggered construction w/commanding park & campus-oriented views. Water & sewer utilities available in street & ready to be brought to each parcel.Located directly below fraternity & sorority housing & only blocks from Pullman’s revitalized downtown core, property sits at center of one of NW's most recognized college communities. WSU, home of Cougars, enrolls approx. 16,248 students on Pullman campus & brings year-round energy to area through nationally recognized athletics, football wknds , parent wknds, research programs.Annual taxes for all 3 parcels parcels, currently only $1,884.02. Tax ID:112300007010003112300007020003112300007030002Parcels sold together only & will not be separated, preserving full development footprint & maximizing building envelope potential of premier WSU-adjacent property. Premier university-edge development sites of this caliber, size, history, & location are truly once-in-a-generation opportunities.

QUICK OVERVIEW

156 days on website
0.54 acres lot

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

AREA AND SCHOOLS

FINANCIAL INFO

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Callie Younger

Listing Office Magenta & Co, Llc, 2083107346

Updated Thursday, August 27, 2026 at 4:00:22 PM

The data relating to real estate for sale on this website comes in part from the Internet Data exchange program of the Pacific Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Pacific Regional MLS, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Pacific Regional MLS. All Rights Reserved.

NEIGHBORHOOD

About the Pullman Neighborhood

The character of Pullman is exemplified by its calm environment. Most areas in Pullman are very quiet, as the streets are generally very tranquil.

Learn more about Pullman

Car friendly

Exceptional access to freeways and/or major arteries, with almost no chance of parking problems

Daycares

At least one daycare within a short walk

Elementary Schools

At least one elementary school within a 15-minute walk

Restaurants

Wide variety of restaurants within a short drive, including some within walking distance

Pedestrian friendly

Many pleasant streets and pedestrian-oriented shops within a short walk. Meeting daily needs on foot is often practical

CLIMATE RISK FOR 99163

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NE Gray Ln, Pullman, WA 99163

Property description for NE Gray Ln, Pullman, WA 99163

QUICK OVERVIEW

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

AREA AND SCHOOLS

FINANCIAL INFO

NEIGHBORHOOD

CLIMATE RISK FOR 99163

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