Property Details

3011 E Queen Ave

Spokane, WA 99217

$395,000

Off Market

CBA# 705370 courtesy of CBA Listing firm: SVN Cornerstone LLC

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Commercial

Property Type

4,301

Bldg Sq Ft

Units

1902

Year Built

Property Overview

Located in Spokane’s up and coming Hillyard neighborhood, the Queen Apartments present an affordable multifamily opportunity with significant upside. The units feature new flooring and fresh interior paint, making it easy for an investor to step in, lease the remaining vacant units, and start generating immediate cash flow. With a mix of 1 2bed/1bath unit, 1 1bed/1bath unit, and 6 single room occupancy units, along with a backyard storage shed and a basement that could be converted into a laundry room, this property offers a steady income stream and major upside potential. It is a compelling investment for anyone looking to capture strong returns in a rapidly improving area.-Strong 9.5% Cap Rate: Well above the 2025 Spokane County average of 6.41%.-Low Price Per Unit: $49,375/unit vs. c