Description
[ESTABLISHED 10- ACRE EQUESTRIAN BOARDING OPERATION] Turn-key, fully operable facility spanning two 5-acre parcels (10 acres total) and designed for efficient, revenue-producing horse boarding. Offering a 7.2% cap rate, this property supports immediate income with professional infrastructure built for daily operations and year-round use. Horse amenities include an INDOOR ARENA + ENGINEERED OUTDOOR ARENA, a 9-STALL BARN WITH HAY LOFT + WASH RACK, and extensive turnout with 17 shelters and fields on one 5-acre parcel + an additional 13 shelters and fields on the second (30 total), providing exceptional boarding capacity, flexible turnout options, and scalability. The property includes THREE LIVING QUARTERS—a main home, secondary residence, and studio apartment—ideal for owner-operators, trainers, on-site staff, or supplemental rental income. Thoughtfully laid out for smooth horse flow, client access, and manageable day-to-day operations, this income-producing boarding facility is ready to operate immediately with room to expand, optimize, or customize.
-
4BEDS
-
10ACRES
-
2BATHS
-
11/2 BATHS
-
5,664SQFT
-
$530$/SQFT
School Information
Listing information ©2026 Northwest MLS. Listing courtesy of John L. Scott Lake Stevens.
Mortgage Calculator is provided by BoomTown.
Description
[ESTABLISHED 10- ACRE EQUESTRIAN BOARDING OPERATION] Turn-key, fully operable facility spanning two 5-acre parcels (10 acres total) and designed for efficient, revenue-producing horse boarding. Offering a 7.2% cap rate, this property supports immediate income with professional infrastructure built for daily operations and year-round use. Horse amenities include an INDOOR ARENA + ENGINEERED OUTDOOR ARENA, a 9-STALL BARN WITH HAY LOFT + WASH RACK, and extensive turnout with 17 shelters and fields on one 5-acre parcel + an additional 13 shelters and fields on the second (30 total), providing exceptional boarding capacity, flexible turnout options, and scalability. The property includes THREE LIVING QUARTERS—a main home, secondary residence, and studio apartment—ideal for owner-operators, trainers, on-site staff, or supplemental rental income. Thoughtfully laid out for smooth horse flow, client access, and manageable day-to-day operations, this income-producing boarding facility is ready to operate immediately with room to expand, optimize, or customize.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Spokane are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2026-02-09T00:14:11.25. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2026-02-09T00:14:11.25. 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.