3123 E Carlisle Avenue, Spokane, WA 99207
- $910,000
- 5,760
- SqFt
Listing courtesy of The Paragon Group.
- List Price
- $910,000
- Status
- ACTIVE
- MLS#
- 2562067
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 5,760
- Area Total SqFt
- 5760
- Annual Tax Ammount
- 8942
- Lot Size (sq ft)
- 8,000
- Sewer
- Sewer Connected
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.
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Additional Information
- List Date
- 2026-07-30 00:13:14
- Community
- Spokane
- Net Operating Income
- $58,276
- Gross Adjusted Income
- $97,470
- Gross Scheduled Income
- $92,341
- Total Monthly Income
- $8,558
- Insurance Expenses
- $3,154
- Water/Sewer/Garbage Expenses
- $10,210
- Gross Rent Multiplier
- 9.85
- Total Expenses
- $39,194
- Cap Rate
- 6.4
- Total Number of Units
- 7
- Unit Name
- 3123
- Potential Terms
- Conventional
- Year Built
- 1979
- Roof
- Composition
- Electric Expenses
- 1045
- Other Expenses
- 15843
- Energy Source
- Electric
- School District
- Spokane
- Elementary School
- Logan Elem
- Middle School
- Buyer To Verify
- High School
- North Central High
- Total Monthly Income
- $8,558
- Gross Scheduled Income
- $92,341
- Gross Adjusted Income
- $97,470
- Tax Year
- 2026
- Insurance Expense
- $3,154
- W/S/G Expenses
- $10,210
- Total Expenses
- $39,194
- Net Operating Income
- $58,276
- Gross Rent Multiplier
- 9.85
- Cap Rate
- 6.4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.