305 NE Spaulding St - Apartments FOR SALE


Pullman, WA 99163
$1,600,000 USD
208-664-5081
305 NE Spaulding St, Pullman, WA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/11
null | 5.94% Cap Rate

305 NE Spaulding St
Pullman, WA 99163


HIGHLIGHTS

  • Fully renovated 12-unit multifamily investment in Pullman, WA
  • Located minutes from Washington State University and Downtown Pullman
  • Low-maintenance asset with limited near-term capital needs

OVERVIEW

Glenwood Arms presents the opportunity to acquire a fully renovated, stabilized 12-unit apartment community in the heart of Pullman, Washington. The property consists of a 7,800-square-foot building originally constructed in 1967 and extensively renovated in 2020, offering modern interiors while minimizing near-term capital expenditures. The asset is currently 100% occupied and provides immediate, stable cash flow. Located just minutes from Washington State University and downtown Pullman, the property benefits from consistent demand driven by students, faculty, university staff, and local employers. The renovated units feature contemporary finishes designed to attract and retain tenants in one of Eastern Washington's strongest rental markets. Property Highlights: 12-unit multifamily community 7,800 SF building Extensive renovation completed in 2020 100% occupied Asking Price: $1,600,000 Cap Rate: 5.69% NOI: $91,088 Price/SF: $205.13 Strong in-place cash flow with upside through continued rental growth Excellent location near Washington State University, downtown Pullman, shopping, dining, and major employment centers Glenwood Arms offers investors the rare combination of stabilized occupancy, modernized improvements, and long-term appreciation potential in one of Washington's premier college markets.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$205 USD /SF

# OF UNITS

12

PRICE/UNIT

$133,333

CAP RATE

5.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

108150034080001,108150034090002

ASK ABOUT THIS PROPERTY

Benjamin WidmyerWidmyer CorporationMore Info
208-664-5081

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Benjamin WidmyerWidmyer CorporationMore Info
208-664-5081

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.