Updated 3-Unit
New
For Sale
$775,000
3415 S Grand Blvd, Spokane, WA 99203
Residential Income, Spokane, WA
Property Size3,174 SF
Lot Size0.22 Acres
Price / SF$244.17
Days on Market2
Property Features for 3415 S Grand Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 3, Basement, Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 6, Bedroom 1
Parking features
Offsite
Basement
Full, Finished, Walk-Out Access
Lot features
Fenced Yard, Level
View
City
Elementary school district
Spokane Dist 81
Standard status
Active
APN
35322.1905
Size
3,174 SF
Lot size
0.22 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Annual Amount
3455
Utilities
Heating system
Electric (Heating), Ductless (Heating)
Building Details
Year built
1909
Floors in Building
2
Number of units
3
Building materials
Metal Siding
Roof type
Composition
Architectural style
Craftsman
Buildings
1
Listing Agency:
RE/MAX Citibrokers
(509) 444-0365
Listed By:
Ryan Stoker · License #105723
(509) 953-9539
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 2 at 1:06PM
MLS# 202626514
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.
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Investment Insights
Based on property information with market context.
This vacant triplex contains three residences across three levels, with a combined 3,174 square feet on a 0.22-acre parcel. The 1909 Craftsman has six bedrooms and three bathrooms, along with separate living areas and utility rooms. Recent rehabilitation and updates are reported. Each residence has its own secure entrance and utility meter. A detached garage sits beside a former pool that has been filled in.
The property is in Spokane’s South Hill neighborhood, two blocks from shopping and dining. The lot and garage are existing site features; the pool is no longer in service.
The property is in Spokane’s South Hill neighborhood, two blocks from shopping and dining. The lot and garage are existing site features; the pool is no longer in service.
Key Highlights
- Three residences in a three‑level building
- 3,174 square feet on a 0.22‑acre lot
- Six bedrooms and three bathrooms
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
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences have private entrances and individual utility meters.
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: Three residences in a three‑level building; 3,174 square feet on a 0.22‑acre lot; Six bedrooms and three bathrooms
