This listing courtesy of Toby L. Barnett , KW North Sound
$1,225,000

119 N Indiana Avenue, Granite Falls, WA 98252

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2008
  • Property Lot Size Icon1.05acre lot
  • Property Parking Icon 3 car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Data Last Updated:
May 20, 2026 at 11:21PM
Listing Office:
KW North Sound : 360-653-1884
Listing Agent:
Toby L. Barnett : 360-653-1884
MLS ID:
2492468
  • Flooring: LaminateVinylCarpet
  • A/C: None
  • Heating: Forced Air
  • Fireplace: Fireplaces: 0
  • General: Cement Planked
  • Parking: Parking spaces: 6
  • Roofing: Composition
  • General: 53 - Tri-plexSlab
  • HOA Amenities: 252.0Monthly
  • Originating MLS: nwmls
  • School District: Granite Falls
  • County: Snohomish
  • Zoning: 01101700011900
  • Water: Public
  • Sewer: Sewer Connected
  • Source: nwmls

This listing courtesy of Toby L. Barnett , KW North Sound

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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