3011 E Queen Ave, Spokane, WA 99217

$395,000

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List Price
$395,000
MLS#
202621651
Status
ACTIVE
City
Spokane
Acres
0.11

Property Description

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!

Additional Information

Year Built
1902
School District
Spokane Dist 81
Frontage
Paved Road, City Street
Area/Grid
NE Urban N I-90
MLS Area/Grid#
A340/002
Acres MOL
0.11
Lot Size
4,792
Basement
Unfinished
Heating/Cooling
Natural Gas
Lot Information
Level

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Listing courtesy of SARMLS / Extant Realty

Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.