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8-Unit Apartment Building
For Sale
Contact for pricing
Pending

2911 E Diamond Ave, Spokane, WA 99217

Well-maintained 8-unit building with brick exterior, fenced courtyard, and separately metered coin-operated laundry.

Days on Market110

Property Features for 2911 E Diamond Ave

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Additional Details

Fenced Yard Yes
Multifamily Units 8

Amenities

laundry

Building Details

Tenancy Multi
Listing Agency: Keller Williams Spokane - Main
Listed By: Seth Maefsky · License #WA M25177
Source: Crexi
Added: Apr 12 Changed: Jul 22 Last Checked: Jul 30 at 11:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Spokane - Main

Investment Insights

Based on property information with market context.

This well-maintained 8-unit apartment building offers seven 1-bedroom units and one 2-bedroom unit, with all units located on the main floor. The exterior is low-maintenance brick with vinyl windows, and the property includes an unfinished basement with potential for additional use. Residents also benefit from a fenced-in courtyard and two detached garages.

On-site coin-op laundry is separately metered, supporting independent utility billing. The property is located near a bus route and everyday amenities such as food and bars. Public remarks also note the North/South freeway nearing completion in the surrounding area.

The building’s current layout provides a straightforward, main-floor unit configuration, while the unfinished basement may present an opportunity to expand beyond the existing unit mix, subject to applicable requirements.

Key Highlights

  • Well‑maintained, fully occupied 8‑unit apartment building with all units on the main floor
  • Mix of seven 1‑bedroom units and one 2‑bedroom unit
  • Low‑maintenance brick exterior with vinyl windows

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

406
Businesses Nearby

Demographics for 99217, WA

19,298
Population
8,166
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
93%
High-School Grad
51.4 sq mi
ZIP Area
375
Density / Sq Mi
$71,807
Median Household Income
$43,267
Median Earnings
$1,267
Median Rent
$329,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained 8-unit building with brick exterior, fenced courtyard, and separately metered coin-operated laundry.
Where is this apartment building located?
The property is located at 2911 E Diamond Ave Spokane, WA.
What are key features of this property?
This property features: Well‑maintained, fully occupied 8‑unit apartment building with all units on the main floor; Mix of seven 1‑bedroom units and one 2‑bedroom unit; Low‑maintenance brick exterior with vinyl windows
More about this property
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