230 SE Spring St, Pullman, WA, 99163

About This Home

MLS# 291335 Turnkey, high-demand investment opportunity in one of Pullman’s most sought-after locations. Just a few min walk to WSU campus and downtown! This charming home offers great bones and stunning panoramic views of Pullman, paired with strong, consistent rental performance. Currently configured as a duplex with potential to function as a triplex, this property provides excellent upside for investors & boast a cap rate over 10%! Middle Unit B is largest, feat. 2 beds, spacious living area, & in-unit wash/dry. The upper Unit C includes a cute private patio, while the bsmt level has infrastructure in place and just needs some TLC. Perfect for an owner-occupant setup. A large parking area provides ample tenant space. Demand is exceptional, with over 30 inquiries and 10 showings the last time a unit was listed (even in the off-season), plus multiple short-term rental showings already this week. Major updates include brand new sewer lines (over $40K) with routine maint consistently done.Situated on two lots, with the adjacent R3-zoned parcel available for separate purchase or as part of a package deal. The additional parcel is development-ready with building permits, survey, core and soil samples, and topography/site plans already completed. Truly an incredible opportunity for future expansion with the Quadplex located directly above also available for purchase. A developers dream! Further site plan info available upon request, and buyers are welcome to walk the parcel. Serious inquiries only; screening required for access to development materials. 24-hour notice required for showings due to tenant occupancy.