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Granite Tri-Plex 2430 NW Granite Ct 3 Unit Apartment Building $1,206,773 CAD ($402,258 CAD/Unit) 5.29% Cap Rate Pullman, WA 99163

Investment Highlights
- Quiet Cul-de-sac with Green belt in the back for additional privacy
- Designed to be townhome style living.
- Natural Light and spacious. All units with Gas forced heat and central air.
- Great investment opportunity
Executive Summary
Rare opportunity to own a newer tri-plex in a prime location on a quiet cul-de-sac with an outstanding rental history. Professionallymanaged with long-term, professional tenants and no history of vacancy. This low-maintenance property features three well-designed units with similar, spacious floor plans. Well planned units that are Townhome style homes. Each unit offers 3 bedrooms, 2.5 baths, an extra-deep two-car garage, and a large separate storage room. The main level includes a bright and spacious living room, a well-appointed kitchen with ample counter space and pantry, and an adjacent dining area with a slider opening to a private back deck-overlooking a peaceful wooded greenbelt. A convenient utility closet with washer and dryer hookups is also located on the main level.Upstairs, each unit features a primary bedroom with a full bath, plus two generously sized bedrooms and a second full bath in the hallway. Designed as individual townhome-style residences, the units offer the comfort and feel of single-family homes. All units feature gas forced air heat and central A/C. An exceptional investment opportunity with strong cash flow, minimal upkeep, and a desirable setting an never a vacant unit in 10 years!
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$85,194
|
$19.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$85,194
|
$19.03
|
| Taxes |
$10,739
|
$2.40
|
| Operating Expenses |
$4,970
|
$1.11
|
| Total Expenses |
$15,708
|
$3.51
|
| Net Operating Income |
$69,486
|
$15.52
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $85,194 |
| Annual Per SF | $19.03 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $85,194 |
| Annual Per SF | $19.03 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,739 |
| Annual Per SF | $2.40 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $4,970 |
| Annual Per SF | $1.11 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $15,708 |
| Annual Per SF | $3.51 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $69,486 |
| Annual Per SF | $15.52 |
Property Facts
| Price | $1,206,773 CAD | Apartment Style | Townhome |
| Price Per Unit | $402,258 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 5.29% | Building Size | 4,476 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1997 |
| Property Subtype | Apartment | ||
| Zoning | Multi Family | ||
| Price | $1,206,773 CAD |
| Price Per Unit | $402,258 CAD |
| Sale Type | Investment |
| Cap Rate | 5.29% |
| Sale Condition | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 4,476 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1997 |
| Zoning | Multi Family |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Ceiling Fans
- Double Vanities
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Wi-Fi
- Yard
- Breakfast Nook
- Deck
- Dining Room
- Double Pane Windows
- Handrails
- Lawn
- Linen Closet
- Pantry
- Porch
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
Site Amenities
- Bicycle Storage
- Private Bathroom
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 115530004030000 | Total Assessment | $919,511 CAD (2026) |
| Land Assessment | $167,977 CAD (2026) | Annual Taxes | $10,739 CAD ($2.40 CAD/SF) |
| Improvements Assessment | $751,534 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
115530004030000
Land Assessment
$167,977 CAD (2026)
Improvements Assessment
$751,534 CAD (2026)
Total Assessment
$919,511 CAD (2026)
Annual Taxes
$10,739 CAD ($2.40 CAD/SF)
Tax Year
2025
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Granite Tri-Plex | 2430 NW Granite Ct
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