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119 N Indiana Avenue, 
Granite Falls, WA 98252

$1,250,000

—

Bed

—

Bath

3,655

Sq Ft

Multi-Family

Active

Listed by

Toby L. Barnett

, 

Mickie Lee Barnett

Kw North Sound

, 

The Preview Group

Last updated:

March 18, 2026, 10:58 AM

MLS#

2492468

Source:

NWMLS

About This Home

119 N Indiana Avenue

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.

Home Facts

Multi-Family

Built in 2008

Price Summary

1,250,000

$341 per Sq. Ft.

MLS #:

2492468

Last Updated:

March 18, 2026, 10:58 AM

Rooms & Interior

Interior

Living Area:

3,655 Sq. Ft.

Structure

Structure

Building Area:

3,655 Sq. Ft.

Year Built:

2008

Lot

Lot Size (Sq. Ft):

45,938

Finances & Disclosures

Finances

Price:

$1,250,000

Price per Sq. Ft:

$341 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of March 18, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.