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3011 E Queen Ave.
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3011 E Queen Ave

(509) 216-2222

Location

3011 East Queen Avenue, Spokane, WA 99217
Hillyard

Amenities

  • On-Site Laundry
Property Amenities
  • On-Site Laundry
Located in Spokane's up-and-coming Hillyard neighborhood, the Queen Apartments offer an affordable, turnkey multifamily investment. Units feature new LVP flooring and fresh interior paint, allowing an investor to lease the remaining vacancies and generate immediate cash flow. The property includes a mix of 2bed/1bath, 1bed/1bath, and SRO units, plus a backyard storage shed and a basement with potential for a future laundry room. With an 8.34% cap rate (vs. the 2025 county average of 6.41%) and a price of $56,250/unit-well below the $124,413 county average-this asset provides clear value upside. Over $150,000 in recent improvements and a simple, low-maintenance layout make ownership easy, while the area's expected growth from the North-South Freeway completion in 2030 adds long-term appreciation potential.

Property Details (Fees & Lease)

Listing Provided by Listhub Api

Property Status: Off The Market

Jim Lister

Windermere Real Estate / Manito LLC

MLS Number: 202526996

Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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