Excellent Investment Opportunity in Downtown Granite Falls! Located in the desirable Pilchuck Village community, this fully leased tri-plex offers a strong addition to any investment portfolio. With consistent occupancy and stable rental history, this property provides immediate income potential in a growing market. Each unit features a functional and appealing layout with an open-concept main floor that includes the kitchen, dining area, living space, laundry, and a convenient half bath. Upstairs, tenants enjoy a built-in desk area ideal for home office, schoolwork, or hobbies, along with a spacious primary bedroom with ensuite bath and two additional bedrooms and bath. The property has a new roof, and HOA dues help protect your investment by covering exterior maintenance such as paint, siding, landscaping, pest control, and gutters, helping reduce long-term ownership responsibilities. Each unit includes a single-car garage plus an additional parking space, with guest parking available for visitors. With its convenient downtown Granite Falls location, strong tenant appeal, and low exterior maintenance requirements, this property presents an excellent long-term hold opportunity. It may also be a great fit for investors completing a 1031 exchange from a single-family rental into multifamily, and it qualifies for DSCR financing with 25% down.
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Granite Falls is located in Washington. Granite Falls, Washington has a population of 4,447. Granite Falls is less family-centric than the surrounding county with 35.02% of the households containing married families with children. The county average for households married with children is 35.29%.
The median household income in Granite Falls, Washington is $75,523. The median household income for the surrounding county is $95,618 compared to the national median of $69,021. The median age of people living in Granite Falls is 32.7 years.
The average high temperature in July is 75 degrees, with an average low temperature in January of 34.1 degrees. The average rainfall is approximately 54.8 inches per year, with 3.8 inches of snow per year.