$1,210,000
Est. $6,558/moPrice reduced $90,000 from the original $1,300,000 asking price
6,570 sq ft
1332 W Garland Avenue, Spokane, WA 99205
• Listed Jul 29, 2026•67 days active · 67 cumulative
Listing Broker: The Paragon Group; Peter Clark; 509-943-0400; peter@multifamilymason.com
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Listing Broker: The Paragon Group; Peter Clark; 509-943-0400; peter@multifamilymason.com
About this home
3906-3912 N Cedar St & 1332-1336 W Garland Ave offers three triplexes on three parcels in Spokane’s Garland District. The 9-unit portfolio has already benefited from meaningful ownership investment, including renovated interiors in 6 of 9 units, and major CapEx such as new roofs and windows. With stabilized performance and proven rent growth on renovated units, the portfolio offers dependable in-place income with additional upside remaining. The remaining upside is straightforward and achievable. As long-term tenants naturally vacate, select units can be renovated to match the quality of the completed interiors, allowing rents to continue moving toward proven renovated unit levels. This creates a clear path to incremental cash flow growth while preserving the portfolio’s stabilized performance. Located in the heart of the Garland District, the portfolio benefits from one of Spokane’s most recognizable neighborhood corridors. Known for its historic theater, local restaurants, shops, pubs, and neighborhood character, Garland provides tenants with a walkable, amenity-rich setting while remaining close to Spokane’s broader employment and commercial centers. Continued reinvestment in the district has strengthened its appeal, making the location a clear positive for long-term tenant demand.
Listed by Peter Clark • The Paragon Group
Listing updated: September 22, 2026 at 06:36pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2562100
Open houses
No upcoming open houses scheduled for this property.
Around this home
How much should you offer?
1332 W Garland Avenue, Spokane, WA 99205
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Tri-plex
Heating & cooling
- Baseboard heating
- Window Unit(s) cooling
Schools
Ratings via SchoolDiggerSpokane School District
- Willard ElementaryPublic · Grades PK-5 · State rank 957 of 1,1382/10
- Glover Middle SchoolPublic · Grades 6-8 · State rank 427 of 5142/10
- North Central High SchoolPublic · Grades 6-12 · State rank 236 of 3964/10
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 9
- Units in building
- 9
- Units below grade
- false
- Building square feet
- 6,570 sq ft
Income & expenses
- Gross scheduled income
- $112,828
- Total monthly income
- $10,623
- Additional monthly income
- $758
- Gross adjusted income
- $121,942
- Net operating income
- $77,872
- Cap rate
- 6.44%
- Gross rent multiplier
- 10.72
- Total expenses
- $44,070
- Insurance
- $3,800
- Other expenses
- $18,490
- Water / sewer / garbage paid by
- 13876
Parking & storage
- Parking spaces
- 9
- Covered spaces
- 9
Taxes & assessment
- Annual taxes
- $7,904
- Tax year
- 2026
- Financing
- Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Mortgage payment forecast
$7,520 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: The Paragon Group; Peter Clark; 509-943-0400; peter@multifamilymason.com
Market pulse
Spokane is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 165 days.
Recent sales nearby
Within 1 mile · last 6 months$494,000 Sold
4 months ago
•Single Family
434 W Buckeye Avenue, Spokane, WA 99205
1%
Under list
90
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Nov 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of November 9, 2026 at 12:06 PM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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HO
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