
3011 E Queen Ave
Spokane, WA 99217
- Units
- 9
- Built
- 1902
- On market
- 2 days
Higher than normal. The rents may be off, or it may need major capital improvements.

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Overview
Exceptional opportunity for organizations seeking supportive, transitional, workforce, recovery, or community-style housing. This versatile 8-unit (11 room) property features a flexible mix of housing options, incl. a private 2-bedroom, 1-bath apartment, a separate 1-bedroom, 1-bath apartment, SRO-style private bedrooms with shared bathroom facilities, and addtl storage with potential for future improvements. Conveniently located on public transit route, property offers easy access to employment centers, healthcare, shopping, and essential community services. The adaptable layout makes it well-suited for nonprofit organizations, recovery treatment providers, workforce housing, vet housing, refugee resettlement organizations, supportive housing providers, or other mission-driven groups seeking flexible residential accommodations. With existing cash flow and addtl upside through lease-up and value-add improvements, this property presents a unique investment opportunity with multiple operational possibilities!
- 9
- Units
- $42,778
- Price per unit
- 1902
- Year built
- 4,792 sq ft
- Lot
Facts & features
Interior
Units
- Total units: 9
Basement
- Unfinished
Heating
- Gas
Property
Features
- Other structures: Stge Shd
Lot
- Size: 4,792 sq ft
- Features: Level
- Road frontage: City Street, Paved Road
Details
- Parcel number: 36343.1411
Construction
Type & style
- Home type: Residential Income
- Property subtype: Residential Income
- Structure type: Three Story
Materials
- Vinyl Siding
- Roof: Composition
Condition
- Year built: 1902
Community
Location
- Region: Spokane
Financial & listing details
- Price per unit: $42,778
- Date on market: 11/3/2026
- Listing terms: Conventional, Cash
Price history
- Nov 3, 2026Listed for sale$385,000$42,778/unit
Purchase details
This listing is showing an unusually high cap rate. Check repair and remodel costs.
