316 S Granite Avenue, Granite Falls, WA, 98252
About This Home
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.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1934
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Metal/Vinyl
Type & Style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subType: Quadruplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 4
Features
- Flooring: Hardwood,Laminate,Vinyl Plank
Heating & Cooling
- Heating features: Wall Furnace,Electric
- Cooling features: None
Interior Area
- Total structure area: 2,261
- Total interior livable area: 2,261 sqft
Property
Details
- Parcel number: 00459300900701
- Zoning description: Jurisdiction: City
- Special condition: Standard
Lot
- Lot size: 5,227 sqft
- Features: Corner Lot,Curbs,Paved,Sidewalk,Cable TV,Fenced-Fully,Outbuildings,Patio
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
- Earthquake
- Cold Wave
- Heat Wave
- Inland Flooding
- Ice Storm
- Landslide
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Snohomish 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 | $4,545 | $54,540 |
| Home Insurance * | $204 | $2,448 |
| Property Taxes | $647 | $7,764 |
| Electricity | $154 | $1,855 |
| Total | $5,550 | $66,600 |
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 |
|---|---|---|
| 2026-05-08 | Price change | $1,100,000 |
| 2026-04-28 | Pending sale | $1,049,000 |
| 2026-03-09 | Price change | $1,049,000 |
| 2026-02-16 | Price change | $1,135,000 |
| 2026-01-20 | Listed for sale | $1,215,000 |
| 2022-07-13 | Sold | $735,000 |
| 2022-05-11 | Pending sale | $760,000 |
| 2022-04-28 | Listed for sale | $760,000 |
| 2018-10-10 | Sold | $475,000 |
| 2018-08-19 | Pending sale | $499,000 |
| 2018-07-06 | Listed for sale | $499,000 |
| 2009-10-27 | Sold | $229,000 |
| 2009-03-23 | Sold | $385,366 |
| 2006-10-05 | Sold | $380,000 |
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