119 N Indiana Avenue, Granite Falls, WA 98252
- $1,195,000
- 3,655
- SqFt
Listing courtesy of KW North Sound.
- List Price
- $1,195,000
- Status
- ACTIVE
- MLS#
- 2492468
- Price Change
- ▼ $25,000 1782524851
- Days on Market
- 135
- Style
- 53 - Tri-plex
- Building Condition
- Very Good
- Finished SqFt
- 3,655
- Area Total SqFt
- 3655
- Annual Tax Ammount
- 9274
- Internet Provider
- Buyer to Verify
- Lot Size (sq ft)
- 45,938
- Sewer
- Sewer Connected
Property Description
Excellent Investment Opportunity in Downtown Granite Falls! Located in the desirable Pilchuck Village community, this fully leased tri-plex offers a strong addition to any investment portfolio. With consistent occupancy and stable rental history, this property provides immediate income potential in a growing market. Each unit features a functional and appealing layout with an open-concept main floor that includes the kitchen, dining area, living space, laundry, and a convenient half bath. Upstairs, tenants enjoy a built-in desk area ideal for home office, schoolwork, or hobbies, along with a spacious primary bedroom with ensuite bath and two additional bedrooms and bath. The property has a new roof, and HOA dues help protect your investment by covering exterior maintenance such as paint, siding, landscaping, pest control, and gutters, helping reduce long-term ownership responsibilities. Each unit includes a single-car garage plus an additional parking space, with guest parking available for visitors. With its convenient downtown Granite Falls location, strong tenant appeal, and low exterior maintenance requirements, this property presents an excellent long-term hold opportunity. It may also be a great fit for investors completing a 1031 exchange from a single-family rental into multifamily, and it qualifies for DSCR financing with 25% down.
Additional Information
- List Date
- 2026-03-13 20:43:15
- Community
- Granite Falls
- Net Operating Income
- $50,806
- Gross Adjusted Income
- $89,820
- Gross Scheduled Income
- $89,820
- Total Monthly Income
- $7,485
- Insurance Expenses
- $1,152
- Gross Rent Multiplier
- 13.92
- Total Expenses
- $19,507
- Cap Rate
- 4.06
- Total Number of Units
- 3
- Unit Name
- 119
- Potential Terms
- Cash, Conventional, See Remarks
- Year Built
- 2008
- Roof
- Composition
- Site Features
- Fenced-Fully, High Speed Internet, Patio
- Other Expenses
- 9081
- Energy Source
- Electric, Natural Gas
- School District
- Granite Falls
- Elementary School
- Monte Cristo Elem
- Middle School
- Granite Falls Mid
- High School
- Granite Falls High
- Total Monthly Income
- $7,485
- Gross Scheduled Income
- $89,820
- Gross Adjusted Income
- $89,820
- Tax Year
- 2025
- Insurance Expense
- $1,152
- Total Expenses
- $19,507
- Net Operating Income
- $50,806
- Gross Rent Multiplier
- 13.92
- Cap Rate
- 4.06
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.