Property Details

3906 N Cedar St

Spokane, WA 99205

$1,300,000

Available

CBA# 713983 courtesy of CBA Listing firm: The Paragon Group

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Commercial

Property Type

6,570

Bldg Sq Ft

Units

6.00%

Cap Rate

1973

Year Built

Property Overview

3906-3912 N Cedar St & 1332-1336 W Garland Ave offers three triplexes on three parcels in Spokane’s Garland District. The 9-unit portfolio has already benefited from meaningful ownership investment, including renovated interiors in 6 of 9 units, and major CapEx such as new roofs and windows. With stabilized performance and proven rent growth on renovated units, the portfolio offers dependable in-place income with additional upside remaining.The remaining upside is straightforward and achievable. As long-term tenants naturally vacate, select units can be renovated to match the quality of the completed interiors, allowing rents to continue moving toward proven renovated-unit levels. This creates a clear path to incremental cash flow growth while preserving the portfolio’s stabilized performance.