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$1,215,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 13 hours ago

Listed by Celine Williams | Realty One Group Orca | (360) 363-4803

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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.

Full Property Details for 316 S Granite Ave

General

  • Price: $1,215,000
  • Taxes: $6,361 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2470051
  • Updated: 1/20/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Short Term: Yes

Interior

  • Flooring: Hardwood, Laminate, Vinyl Plank

Additional Information

  • Amenities: Cable TV, Fenced-Fully, Outbuildings, Patio
  • Security/Safety: Fully Fenced

Location

  • Area: 760 - Northeast Snohomish?
  • County: Snohomish
  • Subdivision: Granite Falls
  • Driving Directions: GPS Friendly

School Information

  • High School District: Granite Falls
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Unit(s)

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Metal/Vinyl
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 1
  • Square Feet: 2,261
  • Year Built: 1934

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,227
  • Lot Size Source: realist
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk

Financial Considerations

  • Tax Amount: $6,361.52
  • Tax Year: 2025
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 459300900701

Listed by Celine Williams | Realty One Group Orca | (360) 363-4803

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Schools serving 316 S Granite Ave

School District:Granite Falls School District
NameGradesDistance
Mountain Way Elementary School
702 North Granite Avenue, Granite Falls, WA 98252
K-20.7 mi
Monte Cristo Elementary School
1201 100th Street Northeast, Granite Falls, WA 98252
3-50.9 mi
Granite Falls Middle School
405 North Alder Avenue, Granite Falls, WA 98252
6-80.5 mi
Granite Falls High School
1401 100th Street Northeast, Granite Falls, WA 98252
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 316 S Granite Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/20/2026
Listed
$1,215,000
65.31%
MLS
7/06/2022
Sold
$735,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 316 S Granite Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,362
34%
$658,500
18%
2023
$4,756
-8%
$558,000
12%
2022
$5,184
-9%
$498,000
—
2021
$5,695
—
$498,000
19%
2021
$5,695
10%
$418,000
—
2020
$5,159
52%
$418,000
48%
2019
$3,392
-1%
$282,000
16%
2018
$3,423
12%
$243,100
12%
2017
$3,058
-4%
$217,000
—
2016
$3,181
25%
$216,000
21%
2015
$2,553
-1%
$178,000
4%
2014
$2,585
—
$171,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Celine Williams | Realty One Group Orca | (360) 363-4803

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316 S Granite Avenue, Granite Falls, WA 98252 (MLS# 2470051) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 316 S Granite Avenue is currently listed for $1,215,000 and was received on January 20, 2026. Want to learn more about 316 S Granite Avenue? Do you have questions about finding other Multi-Family real estate for sale in Grace? You can browse all Grace real estate or contact a Coldwell Banker agent to request more information.

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