Property Details
316 S Granite
Granite Falls, WA 98252
$899,000
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Property Overview
Part of core Downtown Granite Falls, zoned commercial, grandfathered multi-family. Fully stabilized rents withlong term tenants in place. Upside available with rental increases and utility billback. All units renovated in2022, complete re-roofed in 2022 with 30 year roof. Onsite coin-op laundry. All units 2 bed/1 bath. Generous city parking.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Granite Falls
Listed
Jul 24, 2026
Structure Type
Quadruplex
Parcel Number
00459300900701
Tax & HOA
Annual Property Tax
$5,536 (2025)
Est. Monthly Tax
$461/mo
Financial Summary
Cap Rate
6.56%
Net Operating Income
$58,979
Gross Scheduled Income
$72,440
Gross Rent Multiplier
12.41
Total Expenses
$13,461
Building & Use
Building Sq Ft
2,261
Leasable Area
2,261 sqft
Total Units
1
Lot Size
5,227 sqft
Year Built
1934
Exterior & Lot
Lot Size
0.12 sqft
Year Built
1934
Exterior Materials
Metal/Vinyl
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Metal/Vinyl
Community & Access
Directions
GPS Friendly
Location
City
Granite Falls
County
Snohomish
Coordinates
48.08006, -121.96952
Additional Information
Tax Year
2025
Annual Taxes
$5,536
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:21 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
