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Listed by:The Paragon Group • Peter Clark
$ 1,300,000
Est. payment /mo
New
1332 W Garland AVE Spokane, WA 99205
15 Beds
9 Baths
6,570 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,570 sqft
Price per Sqft $197
Subdivision Shadle Garland
MLS Listing ID 2562100
Style 53 - Tri-plex
Bedrooms 15
Year Built 1973
Annual Tax Amount $7,904
Lot Size 0.424 Acres
Property Sub-Type Multi Family
Property Description
3906-3912 N Cedar St & 1332-1336 W Garland Ave offers three triplexes on three parcels in Spokane's Garland District. The 9-unit portfolio has already benefited from meaningful ownership investment, including renovated interiors in 6 of 9 units, and major CapEx such as new roofs and windows. With stabilized performance and proven rent growth on renovated units, the portfolio offers dependable in-place income with additional upside remaining. The remaining upside is straightforward and achievable. As long-term tenants naturally vacate, select units can be renovated to match the quality of the completed interiors, allowing rents to continue moving toward proven renovated unit levels. This creates a clear path to incremental cash flow growth while preserving the portfolio's stabilized performance. Located in the heart of the Garland District, the portfolio benefits from one of Spokane's most recognizable neighborhood corridors. Known for its historic theater, local restaurants, shops, pubs, and neighborhood character, Garland provides tenants with a walkable, amenity-rich setting while remaining close to Spokane's broader employment and commercial centers. Continued reinvestment in the district has strengthened its appeal, making the location a clear positive for long-term tenant demand.
Location
State WA
County Spokane
Area 561 - Spokane County
Interior
Fireplace false
Exterior
Exterior Feature Brick
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Willard Elem
Middle Schools Glover Mid
High Schools North Central High
School District Spokane
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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