3011 E Queen Ave
Spokane WA 99217
3011 E Queen Avenue
3011 E Queen Ave Spokane WA 99217
Listing #: 705370 | Status: Pending | Last Modified: 4/23/2026 |
For Sale
- Phone:(509) 496-6922
- Email:jordan.lester@svn.com
- Office Name:SVN Cornerstone LLC
- Office Phone:(509) 321-2000
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 395,000.0
- $/SF$ 91.8
- $/Unit$ 395,000.0
- Listing StatusPending
- Days on Market166
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 9.50 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units8
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF4301
- Net Rentable Area4301
- Total Office SF
- Largest Contiguous SF
- Lot SF5009
- Acres0.12
- Property TypeMulti-Family
- Office Type
- Building Class
- CountySpokane
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaNorth Spokane City
- Tax ID #36343.1411
- Additional Parcels
- ZoningX
- Year Built1902
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Queen Apartments
Located in Spokane’s up and coming Hillyard neighborhood, the Queen Apartments present an affordable multifamily opportunity with significant upside. The units feature new flooring and fresh interior paint, making it easy for an investor to step in, lease the remaining vacant units, and start generating immediate cash flow. With a mix of 1 2bed/1bath unit, 1 1bed/1bath unit, and 6 single room occupancy units, along with a backyard storage shed and a basement that could be converted into a laundry room, this property offers a steady income stream and major upside potential. It is a compelling investment for anyone looking to capture strong returns in a rapidly improving area. -Strong 9.5% Cap Rate: Well above the 2025 Spokane County average of 6.41%. -Low Price Per Unit: $49,375/unit vs. c











