Active · Residential Income

3123 E Carlisle Avenue , Spokane, WA 99207

Spokane, WA 99207

$850,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by The Paragon Group · MLS #2562067 · Active

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About this property

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.

Property details

Property type: Multi Family
Year built: 1979
Lot size: 8,000 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $8,942 (2026)
Parking spaces: 12
School district: Spokane

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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