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Listed by Kim Vinson • Extant Realty
$ 395,000
Est. payment /mo
Active
3011 E Queen Ave Spokane, WA 99217
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202621651
Year Built 1902
Lot Size 4,791 Sqft
Lot Dimensions 0.11
Property Sub-Type Residential Income
Property Description
Exceptional opportunity for organizations seeking supportive, transitional, workforce, recovery, or community-style housing. This versatile 8-unit (11 room) property features a flexible mix of housing options, incl. a private 2-bedroom, 1-bath apartment, a separate 1-bedroom, 1-bath apartment, SRO-style private bedrooms with shared bathroom facilities, and addtl storage with potential for future improvements. Conveniently located on public transit route, property offers easy access to employment centers, healthcare, shopping, and essential community services. The adaptable layout makes it well-suited for nonprofit organizations, recovery treatment providers, workforce housing, vet housing, refugee resettlement organizations, supportive housing providers, or other mission-driven groups seeking flexible residential accommodations. With existing cash flow and addtl upside through lease-up and value-add improvements, this property presents a unique investment opportunity with multiple operational possibilities!
Location
State WA
County Spokane
Rooms
Basement Unfinished
Interior
Heating Natural Gas
Exterior
Parking Features See Remarks
Amenities Available Laundry
View Y/N true
Roof Type Composition
Building
Lot Description Level
Structure Type Vinyl Siding
Schools
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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