316 S Granite Avenue Granite Falls, WA $ 1,215,000
316 S Granite Avenue
$ 1,215,000
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316 S Granite Avenue

Granite Falls, WA, 98252
$ 1,215,000
Baths0.0 Sq 2,261

Monthly Estimate*

$ 7,481

Listed by Realty One Group Orca
316 S Granite Avenue, Granite Falls, WA 98252 - Image 1
316 S Granite Avenue, Granite Falls, WA 98252 - Image 2
316 S Granite Avenue, Granite Falls, WA 98252 - Image 3
316 S Granite Avenue, Granite Falls, WA 98252 - Image 4
316 S Granite Avenue, Granite Falls, WA 98252 - Image 5
316 S Granite Avenue, Granite Falls, WA 98252 - Image 6
316 S Granite Avenue, Granite Falls, WA 98252 - Image 7
316 S Granite Avenue, Granite Falls, WA 98252 - Image 8
316 S Granite Avenue, Granite Falls, WA 98252 - Image 9
316 S Granite Avenue, Granite Falls, WA 98252 - Image 10
316 S Granite Avenue, Granite Falls, WA 98252 - Image 11
316 S Granite Avenue, Granite Falls, WA 98252 - Image 12
Studio

Multi-Family Home for sale in Granite Falls, WA

for $1,215,000. This 2,261 square foot home was built in 1934 on a lot size of 0.12.

Prime four-plex located in the heart of Downtown Granite Falls. Grandfathered for multi-family use and zoned commercial, offering additional upside potential for future redevelopment or alternate commercial use. Fully stabilized with long-term tenants in place, providing immediate cash flow with upside through rental increases and utility bill-back opportunities. All four units feature efficient 2-bedroom, 1-bath layouts (each under 600 sq ft) and were updated in 2022. The property was completely re-roofed in 2022 with a 30-year roof. Additional features include onsite coin-operated laundry, generous city parking, a fully fenced lot, and five on-site storage units—one dedicated to each unit plus an additional unit for property management. Please do not disturb tenants.

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Multi-Family Active

Price

$ 1,215,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,361

Style

4-Plex

Lot Size

0.12

Year Built

1934

Town/City

Granite Falls

County/Region

Snohomish

MLS | Web ID

2470051

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Fully Fenced
Year Built 1934
Property Subtype Multi Family
Tax Year 2025
County Snohomish
Net Operating Income 56668
Insurance Expense 2750
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Granite Falls
Special Listing Conditions None
Status Active
Directions GPS Friendly
High School Buyer To Verify
City Granite Falls
Senior Community Y/N N
High School District Granite Falls
Number Of Units Total 4
MLS Area 760 - Northeast Snohomish?
Lot Size Units Square Feet
Lot Size Square Feet 5227
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Buyer To Verify
Tax Annual Amount 6361.52
Electric Expense 676.72
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Public Remarks Prime four-plex located in the heart of Downtown Granite Falls. Grandfathered for multi-family use and zoned commercial offering additional upside potential for future redevelopment or alternate comm
Leasable Area 2261
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry Storage
Water Company City of Granite Falls
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 5880.41
Property Style 54 - 4-Plex
Cap Rate 4.67
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Exterior
Exterior Amenities Metal/Vinyl
Lot Features Corner Lot Curbs Paved Sidewalk
Water Source Public
Foundation Details Poured Concrete
Building Area Total 2261
Lot Size Acres 0.12
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Fully Outbuildings Patio
Parking Uncovered Total 0
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Interior
Flooring Hardwood Laminate Vinyl Plank
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2470051
Street Number 1 316
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* Excluded Features
List By
Celine Williams

Listing Agent

Realty One Group Orca

Broker

Affordability Calculator

$8,011
Per Month
93%
7%
0%
Monthly Principal & Interest
$7,481
Monthly Property Taxes
$530
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3100776 Elementary School
3100787 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
1/20/2026$1,215,000 Listed Price

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316 S Granite Avenue, Granite Falls, WA, 98252 is a Multi-Family Home for sale at $1,215,000 with 2,261 sqft and a lot size of 0.12. 316 S Granite Avenue is a studio with 0.0 baths and was built in 1934. The property's zip code is 98252 which is in Granite Falls, WA