3415 S Grand Blvd Spokane, WA 99203
MULTI_FAMILY - Craftsman - Spokane, WA
Property Features for 3415 S Grand Blvd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 6, Bedroom 5, Bathroom 3, Basement, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
- Parking features
- Offsite
- Basement
- Full, Walk-Out Access, Finished
- Standard status
- Active
- APN
- 35322.1905
- Size
- 3,174 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3455
Utilities
- Heating system
- Ductless (Heating), Electric (Heating)
Building Details
- Year built
- 1909
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Steel Frame
- Roof type
- Composition
- Architectural style
- Craftsman
Listing agent Ryan Stoker License #105723 (509) 953-9539
Listing office RE/MAX Citibrokers 2607 S Southeast Blvd - Ste A1, Spokane, WA (509) 444-0365
Listing date Jul 14, 2026
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Spokane’s South Hill neighborhood at 3415 S Grand Blvd, the home is described as just blocks/walk to shopping and dining.
The oversized lot offers room for future expansion, including the addition of an ADU next to the garage. A large detached garage adjacent to a filled-in pool provides additional flexibility to expand bedroom and bathroom count, and the property includes ample room for parking multiple vehicles.
Key Highlights
- Recently rehabbed 3‑unit triplex in a Craftsman‑style historic home (1909)
- 3 levels with separate living areas, 6 bedrooms total, and 3 bathrooms across the home
- Each unit has its own separate and secure entrance
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.2k | $17.40 |
| − Vacancy | −$3.4k | −$1.06 |
| EGI | $51.9k | $16.34 |
| − OpEx | −$15.6k | −$4.90 |
| NOI | $36.3k | $11.44 |
