316 S Granite Avenue Granite Falls WA 98252 MLS #NWM2470051

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Listing Provided Courtesy of Realty One Group Orca
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.
Current real estate data for Multi Family in Granite Falls as of Jan 30, 2026
3
Multi Family Listed
41
Avg DOM
419
Avg $ / SqFt
$768,333
Avg List Price

Property Details

Price:
$1,215,000
MLS #:
NWM2470051
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Subdivision:
Granite Falls
Neighborhood:
760northeastsnohomish
Listed Date:
Jan 20, 2026
Finished Sq Ft:
2,261
Total Sq Ft:
2,261
Lot Size:
5,227 sqft / 0.12 acres (approx)
Year Built:
1934
Units:
4
760 – Northeast Snohomish?760northeastsnohomishGranite FallsGranite FallsBuyer To VerifyBuyer To VerifyBuyer To Verify

Schools

School District:
Granite Falls
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify

Interior

Cooling
None
Flooring
Hardwood, Laminate, Vinyl Plank
Heating
Wall Unit(s)

Exterior

Construction Materials
Metal/Vinyl
Exterior Features
Metal/Vinyl
Roof
Composition
Security Features
Fully Fenced

Financial

Net Operating Income
$56,668
Tax Year
2025
Taxes
$6,362

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Property Summary

    Located in the Granite Falls subdivision, 316 S Granite Avenue Granite Falls WA is a Multi Family for sale in Granite Falls, WA, 98252. It is listed for $1,215,000 To schedule a showing of MLS#nwm2470051 at 316 S Granite Avenue in Granite Falls, WA, contact your HomeSmart One Realty agent at 425-218-4178.

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