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3011 E Queen Ave
Spokane, WA 99217
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Strong 9.5% Cap Rate: Well above the 2025 Spokane County average of 6.41%.
- Growth Corridor Location: Hillyard poised for lift with the 2030 North–South Freeway.
- Easy, Low-Maintenance Asset: Single building, single roof, simple operations.
- Low Price Per Unit: $49,375/unit vs. county average of $124,413/unit.
- $150K+ in Upgrades: New shed, interior paint, and LVP flooring.
Property Facts
| No. Units | 8 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 4,000 SF |
| Property Subtype | Apartment | Average Occupancy | 80% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1902 |
| Zoning | CC1 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1902 |
| Zoning | CC1 |
Amenities
Unit Amenities
- Microwave
- Ceiling Fans
- Kitchen
- Oven
- Double Pane Windows
Site Amenities
- Laundry Facilities
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | $700.00 | - |
| 1+1 | 1 | $950.00 | - |
| 2+1 | 1 | $1,100 | - |
Property Taxes
| Parcel Number | 36343.1411 | Improvements Assessment | $344,000 |
| Land Assessment | $40,000 | Total Assessment | $384,000 |
Property Taxes
Parcel Number
36343.1411
Land Assessment
$40,000
Improvements Assessment
$344,000
Total Assessment
$384,000
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