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Granite Tri-Plex 2430 NW Granite Ct 3 Unit Apartment Building $899,000 ($299,667/Unit) 5.01% Cap Rate Pullman, WA 99163

Investment Highlights
- Quiet Cul-de-sac with Green belt in the back for additional privacy
- Designed to be townhome style living.
- Natural Light and spacious. All units with Gas forced heat and central air.
- Great investment opportunity
Executive Summary
Rare opportunity to own a newer tri-plex in a prime location on a quiet cul-de-sac with an outstanding rental history. Professionallymanaged with long-term, professional tenants and no history of vacancy. This low-maintenance property features three well-designed units with similar, spacious floor plans. Well planned units that are Townhome style homes. Each unit offers 3 bedrooms, 2.5 baths, an extra-deep two-car garage, and a large separate storage room. The main level includes a bright and spacious living room, a well-appointed kitchen with ample counter space and pantry, and an adjacent dining area with a slider opening to a private back deck-overlooking a peaceful wooded greenbelt. A convenient utility closet with washer and dryer hookups is also located on the main level.Upstairs, each unit features a primary bedroom with a full bath, plus two generously sized bedrooms and a second full bath in the hallway. Designed as individual townhome-style residences, the units offer the comfort and feel of single-family homes. All units feature gas forced air heat and central A/C. An exceptional investment opportunity with strong cash flow, minimal upkeep, and a desirable setting an never a vacant unit in 10 years!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$60,000
|
$13.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$60,000
|
$13.40
|
| Taxes |
$7,563
|
$1.69
|
| Operating Expenses |
$3,500
|
$0.78
|
| Total Expenses |
$11,063
|
$2.47
|
| Net Operating Income |
$48,937
|
$10.93
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $13.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $13.40 |
| Taxes | |
|---|---|
| Annual | $7,563 |
| Annual Per SF | $1.69 |
| Operating Expenses | |
|---|---|
| Annual | $3,500 |
| Annual Per SF | $0.78 |
| Total Expenses | |
|---|---|
| Annual | $11,063 |
| Annual Per SF | $2.47 |
| Net Operating Income | |
|---|---|
| Annual | $48,937 |
| Annual Per SF | $10.93 |
Property Facts
| Price | $899,000 | Apartment Style | Townhome |
| Price Per Unit | $299,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 5.01% | Building Size | 4,476 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1997 |
| Property Subtype | Apartment | ||
| Zoning | Multi Family | ||
| Price | $899,000 |
| Price Per Unit | $299,667 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Sale Condition | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 4,476 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1997 |
| Zoning | Multi Family |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Ceiling Fans
- Double Vanities
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Wi-Fi
- Yard
- Breakfast Nook
- Deck
- Dining Room
- Double Pane Windows
- Handrails
- Lawn
- Linen Closet
- Pantry
- Porch
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
Site Amenities
- Bicycle Storage
- Private Bathroom
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 115530004030000 | Total Assessment | $650,314 |
| Land Assessment | $118,800 | Annual Taxes | $7,563 ($1.69/SF) |
| Improvements Assessment | $531,514 | Tax Year | 2025 |
Property Taxes
Parcel Number
115530004030000
Land Assessment
$118,800
Improvements Assessment
$531,514
Total Assessment
$650,314
Annual Taxes
$7,563 ($1.69/SF)
Tax Year
2025
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Granite Tri-Plex | 2430 NW Granite Ct
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