230 SE Spring St, Pullman, WA 99163 (MLS # 291335)

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PRICE $299,000 BEDS 4 BATHS 3 HOME SIZE 1,780 sqft LOT SIZE n/a Request More Info Schedule a Showing

Excellent opportunity to own a versatile investment property in a highly desirable location just a short walk to campus and downtown Pullman. Currently configured as a duplex, this property has the potential to function as a triplex, offering additional upside for investors looking to maximize rental income. The lower level was previously used as a separate rental unit and still has the infrastructure in place to be reestablished, requiring only some TLC. It is currently being utilized primarily for storage, presenting a value-add opportunity for the next owner. The upper unit is operating as a short-term rental, allowing flexibility for an owner-occupant or continued income generation, while the existing layout supports strong rental potential throughout. This property can be purchased as a standalone investment or bundled with the adjacent vacant R3-zoned lot, offering even greater development potential. The lot is also available for purchase separately, making this a rare chance to secure additional land in a prime location. With a cap rate over 6.5%, this property presents a strong opportunity for both owner-occupant investors and those seeking a solid, income-producing asset. Its proximity is less than a 10-minute walk to both campus and Main St., makes it consistently attractive to long term tenants and short-term renters alike. Property is tenant occupied; 24-hour notice is required for all showings. Don't miss this unique opportunity to own a flexible, income-generating property with added development potential in one of Pullman's most convenient locations. Financials and additional details available upon request.