Carlisle7
Multifamily | 12 Units | $81,667/unit
Marketing description
3123-3125 E Carlisle Ave is a fully renovated and 100% occupied 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 full occupancy, updated condition, straightforward two-bedroom floorplans, and remaining upside through rent adjustments and utility reimbursement creates a durable small-balance multifamily opportunity.
Investment highlights
Turnkey Stabilized Asset with Straightforward Operations
Fully renovated and 100% occupied, this 7-unit property offers immediate cash flow with limited near-term CapEx needs. All seven units feature two-bedroom, one-bathroom floorplans supporting consistent leasing and broad tenant appeal.
Operational Upside
While the asset has demonstrated operational stability amid a volatile market environment, additional upside remains through minor operational improvements, including strategic rent adjustments and implementation of utility reimbursements. This provides a clear path to increased income while maintaining the benefit of in-place cash flow.
Path of Progress
Located in a tight residential pocket near Spokane Community College, the Spokane River, and the North-South Corridor, the property benefits from nearby sale and rent comps within a concentrated investment area. Recent activity, new construction, and nearby transactions all validate demand in the immediate submarket.
Well Located with Easy Access to Amenities
The property offers tenants convenient access to everyday amenities including nearby shopping, dining, schools, outdoor recreation, and major transportation corridors.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
