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Listed by: Peter Clark (509) 943-0400 | The Paragon Group (509) 943-0400
$850,000
Monthly Est:$4,231
14 Beds
7 Baths
5,760sqft
3123 E Carlisle Ave, Spokane, WA 99207
$850,000
$4,231/moEst:
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Multi Family
Built in 1979
$-- HOA
8,000 sqft lot
$148/sq.ft
Description
3123-3125 E Carlisle Ave is a fully renovated 7-unit multifamily property in Spokane. The property features a uniform two-bedroom, one-bathroom unit mix, providing operational simplicity and broad tenant appeal. With updated interiors, stabilized occupancy, and limited near-term capital needs, the asset offers immediate cash flow supported by straightforward day-to-day operations. The property is located in a tight residential pocket of east Spokane with convenient access to nearby employment, education, transportation, and recreation drivers. Tenants benefit from proximity to grocery stores, dining, parks, public transit, and major arterials, while investors benefit from a concentrated comp set supported by recent sales, new construction, and active investment within the immediate area. This localized momentum helps distinguish the property from the broader Southeast Spokane market and reinforces demand for well-maintained rental housing in the submarket. As Spokane continues to grow, the area surrounding E Carlisle Ave is positioned to benefit from ongoing infrastructure improvements, including the continued development of the North-South Corridor. The combination of high occupancy, updated condition, straightforward two-bedroom floorplans, and remaining upside through rent adjustments and utility reimbursement creates a durable small-balance multifamily opportunity.
- Houzeo last checked: 12 hours ago
- Listing updated: September 23, 2026 at 1:43 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2562067
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1979
HOA Fees
-
Finished Area
5,760 sqft
Lot Size
8,000 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2562067
MLS Status
Active
Days on Market
73
Cumulative Days on Market
72
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 14
Bathrooms: 7
Interior
Cooling
See Remarks
Exterior Features
Metal/vinyl
Sewer
Sewer Connected
Heating
Baseboard
Construction
Year Built
Year Built: 1979
Home type
Multi Family
Property Condition
Updated/remodeled
Foundation Details
Slab
Construction Materials
Metal/vinyl
Roof
Composition
Utilities & Energy
Water Source
Public
Other Features
Subdivision Name
Spokane
Price History
| Date | Event | Price |
|---|---|---|
07/29/2026 Source: | Listed for Sale | $850,000 -6.59% $148/sqft |
07/29/2026 Source: | Price Increased | $910,000 +7.06% $158/sqft |
07/29/2026 Source: | Price Increased | $850,000 +51.79% $148/sqft |
09/19/2019 Source: | Sold | $560,000 $97/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 09, 2026, 02:32PM. 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, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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