118-122 NW State St, Pullman, WA

Description

MLS# 292300 UPDATED TRIPLEX LOCATED IN DOWNTOWN PULLMAN BETWEEN GLADISH AND GRAND AVE. This property offers three fully furnished units: one 2-bedroom/1-bath, one 1-bedroom/1-bath, and one studio and includes an outdoor entertaining area, ample parking, shared laundry, and additional storage in the daylight basement. Continual updates and maintenance provide long-term value and peace of mind, including a 2019 roof, ductless HVAC system, vinyl windows, high-quality laminate flooring, and stainless-steel appliances. The basement has been recently improved with new drywall, fresh paint, and added structural supports. A new split AC/heat unit with surge protection was installed in January 2026. The 2-bedroom unit is leased through 12/31/2026 at $1,400 per month, the 1-bedroom unit is leased through 04/30/2027 at $1,050 per month, and the studio is leased through 12/31/2026 at $825 per month, with a long-term tenant in place since 2019. This property offers flexibility for a range of uses, including continued long-term leasing, potential short-term rental use during high-demand WSU event weekends, or owner occupancy in one unit with rental income from the others. A strong option for investors seeking a stable, well-maintained income property.