3011 E Queen Ave, Spokane, WA, 99217
About This Home
Located in Spokane’s up-and-coming Hillyard neighborhood, the Queen Apartments offer an affordable, turnkey multifamily investment. Units feature new LVP flooring and fresh interior paint, allowing an investor to lease the remaining vacancies and generate immediate cash flow. The property includes a mix of 2bed/1bath, 1bed/1bath, and SRO units, plus a backyard storage shed and a basement with potential for a future laundry room. With an 9.5% cap rate (vs. the 2025 county average of 6.41%) and a price of $49,375/unit—well below the $124,413 county average—this asset provides clear value upside. Over $150,000 in recent improvements and a simple, low-maintenance layout make ownership easy, while the area’s expected growth from the North–South Freeway completion in 2030 adds long-term appreciation potential.
Getting Around
Somewhat Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1902
Materials
- Roof: Composition
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
Interior
Basement
- Basement: Unfinished
Heating
- Heating features: Natural Gas
Interior Area
- Total structure area: 4,656
- Total interior livable area: 4,656 sqft
Property
Details
- Parcel number: 36343.1411
Features
- Levels: Three Story
- Waterfront features: See Remarks
Lot
- Lot size: 4,792 sqft
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters in Spokane County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,997 | $23,964 |
| Home Insurance * | $134 | $1,608 |
| Property Taxes | $256 | $3,072 |
| Electricity | $318 | $3,821 |
| Total | $2,705 | $32,460 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Listed for sale | $395,000 |
| 2026-04-23 | Pending sale | $395,000 |
| 2026-02-23 | Price change | $395,000 |
| 2026-02-12 | Pending sale | $450,000 |
| 2026-01-29 | Listed for sale | $450,000 |
| 2026-01-27 | Listing removed | $450,000 |
| 2025-11-20 | Listed for sale | $450,000 |
| 2025-08-23 | Listing removed | $429,000 |
| 2025-05-19 | Price change | $429,000 |
| 2025-02-27 | Listed for sale | $770,000 |
| 2025-02-10 | Listing removed | $499,000 |
| 2025-01-23 | Listed for sale | $499,000 |
| 2025-01-08 | Pending sale | $499,000 |
| 2024-11-08 | Price change | $499,000 |
| 2024-10-24 | Pending sale | $525,000 |
| 2024-09-06 | Price change | $525,000 |
| 2024-08-09 | Listed for sale | $550,000 |
| 2024-07-06 | Listing removed | -- |
| 2024-06-04 | Price change | $790,000 |
| 2024-05-09 | Pending sale | $410,000 |
| 2024-05-02 | Listed for sale | $410,000 |
| 2024-04-16 | Pending sale | $410,000 |
| 2024-03-28 | Price change | $410,000 |
| 2024-03-11 | Pending sale | $529,900 |
| 2024-02-16 | Listed for sale | $529,900 |
| 2020-09-09 | Sold | $175,000 |
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