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-- Bed
-- Bath
4,656sqft
3011 E Queen Ave, Spokane, WA 99217
Multi Family
Built in 1902
$-- HOA
4,792 sqft lot
$85/sq.ft
Description
Located in Spokane’s up-and-coming Hillyard neighborhood, the Queen Apartments offer an affordable, turnkey multifamily investment. Units feature new LVP flooring and fresh interior paint, allowing an investor to lease the remaining vacancies and generate immediate cash flow. The property includes a mix of 2bed/1bath, 1bed/1bath, and SRO units, plus a backyard storage shed and a basement with potential for a future laundry room. With an 9.5% cap rate (vs. the 2025 county average of 6.41%) and a price of $49,375/unit—well below the $124,413 county average—this asset provides clear value upside. Over $150,000 in recent improvements and a simple, low-maintenance layout make ...
Continue Reading- Houzeo last checked: 39 minutes ago
- Listing updated: July 21, 2026 at 5:58 pm
- Listing Provided by: Jordan Lester | SVN Cornerstone (509) 321-2000
- Source: Spokane MLS-WA | MLS#: 202611428
Property Details
Status
Hold
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1902
HOA Fees
-
Finished Area
4,656 sqft
Lot Size
4,792 sqft lot
Basement Area
- sqft
MLS Name
Spokane MLS
MLS Number
202611428
MLS Status
Tmp Off Mkt
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