Listed by Realty One Group Orca
$1,135,000
$80K PRICE DROP

316 S Granite Ave Granite Falls, WA 98252

Estimated payment $6,371/month

Total Views 12,583
8 Beds
4 Baths
2,261 Sq Ft
$502 Price per Sq Ft

Highlights

  • Popular Property
  • Corner Lot
  • Patio
  • Wood Flooring
  • No HOA
  • 2-minute walk to Granite Falls Skate Park

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.

Listing Agent

Celine Williams

Realty One Group Orca License #25033522 Listed on: 01/20/2026

Realty One Group Orca

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2470051

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,362

Year Built

  • Built in 1934

Lot Details

  • 5,227 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Metal Construction or Metal Frame
  • Vinyl Construction Material

Interior Spaces

  • 2,261 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Laminate
  • Vinyl Plank

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Patio
  • Outbuilding

Utilities

  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Granite Falls Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00459300900701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,362

Year Built

Built in 1934

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1934
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 2261
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl Plank
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Metal/Vinyl
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Fully Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: SnoPUD
  • SewerCompany: City of Granite Falls
  • WaterCompany: City of Granite Falls
  • CableConnected: Xfinity
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Granite Falls
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00459300900701
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Outbuildings,Patio
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • ShortTermRentalYN: true
  • GrossRentMultiplier: 16.59
  • LeasedItems: None
  • TotalMonthlyIncome: 6235

Tax Info

  • Year: 2025
  • Tax Annual Amount: 6361.52

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 676.72
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,950 $711,000 $210,600 $500,400
2024 $5,950 $658,500 $205,600 $452,900
2023 $4,756 $558,000 $195,200 $362,800
2022 $5,184 $498,000 $167,800 $330,200
2020 $5,159 $418,000 $86,400 $331,600
2019 $3,392 $282,000 $81,000 $201,000
2018 $3,423 $243,100 $81,000 $162,100
2017 $3,059 $217,000 $72,400 $144,600
2016 $3,181 $216,000 $72,400 $143,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/16/2026 02/16/26 Price Changed $1,135,000 -6.6% $502 / Sq Ft
01/20/2026 01/20/26 For Sale $1,215,000 +65.3% $537 / Sq Ft
07/13/2022 07/13/22 Sold $735,000 -3.3% $325 / Sq Ft View Prior Sale
05/11/2022 05/11/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $760,000 +60.0% $336 / Sq Ft
10/10/2018 10/10/18 Sold $475,000 -4.8% $210 / Sq Ft View Prior Sale
08/19/2018 08/19/18 Pending -- -- --
07/05/2018 07/05/18 For Sale $499,000 -- $221 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Rainier Title Company
Bargain Sale Deed $229,900 First American Title Ins Co
Trustee Deed $385,366 First American
Quit Claim Deed -- Chicago Title Insurance Co
Trustee Deed $380,000 Old Republic Title Ltd
Quit Claim Deed -- Chicago Title Insurance Co
Interfamily Deed Transfer $28,089 Old Republic Title Ltd
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $551,250 Balloon
Previous Owner $172,425 New Conventional
Previous Owner $200,000 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Celine Williams

Realty One Group Orca

(360) 837-5648

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Celine Williams - Your Real Estate Broker for Life

I’m not just a real estate broker; I’m your dedicated partner in buying, selling, and investing in real estate. Whether you're purchasing your first home, selling a property, or making an investment, I bring passion, expertise, and a personal touch to every step of the process.

Over the years, I’ve had the privilege of helping individuals achieve their real estate goals—whether it’s securing their dream home, selling for top

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2470051

Northwest Multiple Listing Service (NWMLS)

APN: 004593-009-007-01

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