Updated Triplex with Detached
For Sale
$775,000
3415 S Grand Blvd, Spokane, WA 99203
Vacant three-level property offers separate entrances, meters, living areas, and utility rooms for each unit.
Property Size3,174 SF
Price / SF$244.17
Days on Market50
Property Features for 3415 S Grand Blvd
General Information
Standard status
Active
Size
3,174 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Comstock
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1909
Buildings
1
Stories
3
Listing Agency:
RE/MAX Citibrokers
Listed By:
Ryan Stoker · License #105723
(509) 953-9539
Source:
Clemensregroup
Added: Sep 14
Changed: Oct 25
Last Checked: Nov 1 at 8:24AM
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 RE/MAX Citibrokers
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,174-square-foot triplex is a three-level historic home built in 1909 and recently updated. The property contains three large units, each with oversized bedrooms, new bathrooms, separate living areas, and a utility room. Dedicated entrances and individual meters provide separation between units, while the building is currently vacant.
The property sits on an oversized lot at 3415 S Grand Blvd in Spokane’s South Hill neighborhood, two blocks from shopping and dining. A detached garage, filled-in pool area, and parking space in both the front and rear add functional site improvements. The lot also includes room identified for a potential ADU addition beside the garage.
The property sits on an oversized lot at 3415 S Grand Blvd in Spokane’s South Hill neighborhood, two blocks from shopping and dining. A detached garage, filled-in pool area, and parking space in both the front and rear add functional site improvements. The lot also includes room identified for a potential ADU addition beside the garage.
Key Highlights
- 3,174 SF triplex with three units across three levels
- Built in 1909 and recently rehabbed and updated
- Each unit has a separate entrance and individual meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,309
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,180
$726.2K
Cap Rate 7%
$518,700
$518.7K
Cap Rate 9%
$403,433
$403.4K
Market Conditions
NOI Build-Up for 3,174 SF
Gross rent
$55.2K $17.40/SF
− Vacancy
−$3.4K −$1.06/SF
EGI
$51.9K $16.34/SF
− OpEx
−$15.6K −$4.90/SF
NOI
$36.3K $11.44/SF
Area
Spokane, WA
Vacancy
6.08%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,180
Cap Rate 7%
$518,700
Cap Rate 9%
$403,433
Alternative Uses
Best Use
Multifamily LT 5
$518.7K
$453.9K – $605.2K
NOI $36,309 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$451.0K
$394.6K – $526.1K
NOI $31,568 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$818.9K
$716.5K – $955.4K
NOI $57,322 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 99203, WA
21,072
Population
9,742
Households
2.2
Avg Household Size
43
Median Age
57%
College-Educated
99%
High-School Grad
4.6 sq mi
ZIP Area
4,581
Density / Sq Mi
$95,532
Median Household Income
$56,122
Median Earnings
$1,243
Median Rent
$449,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Vacant three-level property offers separate entrances, meters, living areas, and utility rooms for each unit.
Where is this triplex located?
The property is located at 3415 S Grand Blvd Spokane, WA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 3,174 SF triplex with three units across three levels; Built in 1909 and recently rehabbed and updated; Each unit has a separate entrance and individual meter
