$385,000

3011 E Queen Ave

Spokane, WA 99217

Units
9
Built
1902
On market
2 days
Cap rate~17.5%
Cash-on-cash~41.6%
Cash flow+$3,670

Higher than normal. The rents may be off, or it may need major capital improvements.

Aaron Beal

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Purchase details

Purchase price
Closing costs 2.5%
Repairs and remodel

This listing is showing an unusually high cap rate. Check repair and remodel costs.

Down payment
Interest rateour standard rate
PMI0
Unit 1$1,395
Unit 2$1,395
Unit 3 · 1 bd · 1 ba$1,295
Unit 4$700
Unit 5$700
Unit 6$700
Unit 7$700
Unit 8$700
Unit 9$700
Total⁠Left blank
Principal & interest1,929
Property tax 2026⁠Left blank
Insurance⁠Left blank
Sewer⁠No spot on MLS
Water⁠Left blank
Garbage⁠No spot on MLS
After mortgage and expenses4,913

Reserves / Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance1,243

What is left

Cash left over each month+$3,670

Where it is

Look it up yourself

Listed by Kim Vinson, Extant Realty · MLS# 202626610 · Active

Cap rate, cash flow and cash-on-cash are Beal Estate NW’s own analysis, not MLS data — they follow the financing assumptions shown on this page, and they are not a valuation of the property and not investment advice. Talk to your lender, your accountant and your own advisers before you rely on any of it. MLS GridListings courtesy of Spokane REALTORS® as distributed by MLS Grid. Based on information submitted to the MLS GRID as of 11/4/2026, 5:45:00 PM. 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. Listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing; any other use or search of the data on this site is prohibited. Deemed reliable but not guaranteed accurate by MLS Grid. Verify everything before you write an offer. Report a copyright problem.