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Granite Tri-Plex 2430 NW Granite Ct 3 Unit Apartment Building $939,900 ($313,300/Unit) 4.79% Cap Rate Pullman, WA 99163

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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 $939,900
Price Per Unit $313,300
Sale Type Investment
Cap Rate 4.79%
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

Property Taxes

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
  • Listing ID: 39356114

  • Date on Market: 2/6/2026

  • Last Updated:

  • Address: 2430 NW Granite Ct, Pullman, WA 99163

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