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Listed by:The Paragon Group • Peter Clark
$ 910,000
Est. payment /mo
New
3123 E Carlisle AVE Spokane, WA 99207
14 Beds
7 Baths
5,760 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,760 sqft
Price per Sqft $157
Subdivision Spokane
MLS Listing ID 2562067
Style 54 - 4-Plex
Bedrooms 14
Year Built 1979
Annual Tax Amount $8,942
Lot Size 8,000 Sqft
Property Sub-Type Multi Family
Property Description
3123-3125 E Carlisle Ave is a fully renovated 7-unit multifamily property in Spokane. The property features a uniform two-bedroom, one-bathroom unit mix, providing operational simplicity and broad tenant appeal. With updated interiors, stabilized occupancy, and limited near-term capital needs, the asset offers immediate cash flow supported by straightforward day-to-day operations. The property is located in a tight residential pocket of east Spokane with convenient access to nearby employment, education, transportation, and recreation drivers. Tenants benefit from proximity to grocery stores, dining, parks, public transit, and major arterials, while investors benefit from a concentrated comp set supported by recent sales, new construction, and active investment within the immediate area. This localized momentum helps distinguish the property from the broader Southeast Spokane market and reinforces demand for well-maintained rental housing in the submarket. As Spokane continues to grow, the area surrounding E Carlisle Ave is positioned to benefit from ongoing infrastructure improvements, including the continued development of the North-South Corridor. The combination of high occupancy, updated condition, straightforward two-bedroom floorplans, and remaining upside through rent adjustments and utility reimbursement creates a durable small-balance multifamily opportunity.
Location
State WA
County Spokane
Area 561 - Spokane County
Interior
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Logan Elem
Middle Schools Buyer To Verify
High Schools North Central High
School District Spokane
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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