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3011 E Queen Ave Spokane WA 99217
Listing #: 705370 | Status: Pending | Last Modified: 4/23/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 0 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 0 |
| Net Operating Income | 0 |
| CAP Rate | 9.50 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 3 |
| # of Units | 8 |
| Total Building SF | 4,301 SF |
| Net Rentable Area | 4,301 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 5,009 SF |
| Acres | 0.12 |
| Year Built | 1902 |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Location | |
|---|---|
| County | Spokane |
| Market Area | North Spokane City |
| Tax ID # | 36343.1411 |
| Zoning | X |
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
3011 E Queen Avenue
3011 E Queen Ave Spokane WA 99217
Listing #: 705370 | Status: Pending | Listing Date: 11/18/2025 | Last Modified: 4/23/2026 | Email Listing











