Queen Apartments
3011 E Queen Ave, Spokane, WA 99217
Key features
- Attractive Price Per Unit: Priced at $49,375/unit, this asset sits far below the countywide 2025 average of $124,413/unit, creating immediate value upside.
- Compelling Cap Rate: The property offers a cap rate of 9.5%, compared to the Spokane County 2025 average of 6.41%, giving investors a clear return premium.
- High Growth Neighborhood Outlook: The Hillyard area is expected to benefit significantly from the planned completion of the North South Freeway in 2030, bringing new activity, access, and long term appreciation potential.
- Major Capital Improvements Completed: More than $150,000 in recent upgrades, including a new backyard storage shed, fresh interior paint, and new LVP flooring, provide a clean and updated building ready for new tenants.
- Simple and Low Maintenance Operations: With one building, one roof, and an easy to manage layout, the property offers low maintenance and straightforward ownership for any investor.
Reach out to the broker for more info on lease terms and amenities
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Contacts
SVN | Cornerstone
Building Details
- For Sale $395,000
- Property Type Multi-Family
- Property Size 4,656 SF
- Units 8
- Lot Size 0.11 Acre
- Year Built 1902
- Date Updated May 23, 2026
Attachments
Getting Around
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Walk Score ®
Somewhat Walkable (56) -
Transit Score ®
Some Transit (37) -
Bike Score ®
Very Bikeable (70)
Location
- City Spokane, WA
- Neighborhood Hillyard
- Zip Code 99217
- Market Spokane
Points of Interest
Conoco
0.46 miles
Safeway Fuel Station
0.69 miles
Maverik
0.88 miles
Chevron
1.15 miles
Nomnom
1.28 miles
Texaco
1.44 miles
ChargePoint
2.80 miles
Tesla Destination Charger - Hampton Inn Spokane
6.98 miles
NorthTown Mall Parking
1.91 miles
Lot P11
1.96 miles
Lot P9
1.96 miles
Lot P8
1.97 miles
Lot P14
1.98 miles
Lot P10
1.98 miles
Lot P7
2.01 miles
Lot P5
2.04 miles
Boone Avenue Retail Center (BARC)
2.92 miles
Enterprise
1.29 miles
Lyons Park Car Wash Plaza
1.71 miles
Spit-N-Shine Car Wash
2.20 miles
Mister HotShine
2.25 miles
National
2.75 miles
Chevron
2.99 miles
Car Wash
3.11 miles
Mister Car Wash
3.28 miles
Metro Express
3.34 miles
Ruby's
0.06 miles
Red Dragon
0.07 miles
Taco Bell
0.59 miles
Little Caesars
0.64 miles
Jack in the Box
0.64 miles
Domino's
0.66 miles
MOD Pizza
0.73 miles
Panda Express
0.74 miles
Special K Pub and Grill
0.78 miles
Safeway
0.72 miles
G&B Grocery
0.92 miles
Bargain Giant
0.97 miles
Vina Asian Market
1.13 miles
Kiev Euro Market
1.60 miles
Albertsons
1.61 miles
JCPenney
1.95 miles
Kohl's
1.96 miles
NorthTown Mall
2.01 miles
C.O.P.S. Northeast
0.08 miles
CHAS Health
0.52 miles
Walgreens
0.63 miles
Station 15
0.64 miles
Unify Community Health
0.80 miles
Neva-Wood COPS
1.78 miles
Rowan Medical Clinic
1.84 miles
Providence Holy Family Hospital
1.86 miles
Kaiser Permanente Lidgerwood Medical Center
1.92 miles
3011 E Queen Ave Listing Summary
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What is the asking price at Queen Apartments?
Queen Apartments is currently listed for sale at Contact for pricing.
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What is the total size of Queen Apartments?
Queen Apartments has a total of 4,656 square feet.
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What is the year built for Queen Apartments?
The year built for Queen Apartments is 1902.
SVN | Cornerstone
