5312 E Union Ave
Spokane, WA 99212
-- Bed
-- Bath
5,040 Sq Ft
101 Days on Market
For Sale $925,000
Save
Courtesy of Windermere Manito, LLC

Listing Agent & Comments

Jim ListerWindermere Manito, LLC
thelisterteam@windermere.com
Pleased to present the Union Apartments for sale. A low-maintenance, value-add apartment building with strong upside potential. The property includes eight 1-BD/1BA units, onsite laundry, yard area, and dedicated parking for each unit plus additional street parking. Competitive price point at $115,625 per unit with a 6.18% cap rate. This asset outperforms market comps with an average of $128,073 per unit and 6.07% cap rate. Upside potential, opportunity to increase rents by 4.8% to market rates with as-is unit interiors offering strong immediate and long term income potential w/ 6.62% pro forma cap rat. Located in Chief Garry Park, this property offers quick access to Downtown Spokane and Feltz field, making it a desirable rental spot. Valuable amenities include onsite laundry and dedicated parking for each unit to enhance tenant satisfaction & retention. 1BD/1BA units are in strong demand, appealing to singles, couples, and professionals which supports steady occupancy and income!

MLS# SAR202515656 • Data provided by SAR as distributed by MLS Grid
Additional home details
Living Area5,040 Sq.Ft.
Lot Size0.3 Acres
Total Rooms--
Bedrooms--
Bathrooms--
Stories2
Year Built1912
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$7,987
Property in Flood Zone--
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HouseCanary, Inc. Brokerage

5312 E Union Ave., Spokane, WA 99212

Multifamily
-- Bed
-- Bath
5,040 Sq Ft
101 Days on Market

Listing Agent & Comments

Jim ListerWindermere Manito, LLC
thelisterteam@windermere.com
Pleased to present the Union Apartments for sale. A low-maintenance, value-add apartment building with strong upside potential. The property includes eight 1-BD/1BA units, onsite laundry, yard area, and dedicated parking for each unit plus additional street parking. Competitive price point at $115,625 per unit with a 6.18% cap rate. This asset outperforms market comps with an average of $128,073 per unit and 6.07% cap rate. Upside potential, opportunity to increase rents by 4.8% to market rates with as-is unit interiors offering strong immediate and long term income potential w/ 6.62% pro forma cap rat. Located in Chief Garry Park, this property offers quick access to Downtown Spokane and Feltz field, making it a desirable rental spot. Valuable amenities include onsite laundry and dedicated parking for each unit to enhance tenant satisfaction & retention. 1BD/1BA units are in strong demand, appealing to singles, couples, and professionals which supports steady occupancy and income!

MLS# SAR202515656 • Data provided by SAR as distributed by MLS Grid
Additional home details
Living Area5,040 Sq.Ft.
Lot Size0.3 Acres
Total Rooms--
Bedrooms--
Bathrooms--
Stories2
Year Built1912
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$7,987
Property in Flood Zone--
This property is missing data for:
Comparable properties, forecast, and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $925,000
Save
Courtesy of Windermere Manito, LLC
5312 E Union Ave
Spokane, WA 99212
-- Bed
-- Bath
5,040 Sq Ft
101 Days on Market

Listing Agent & Comments

Jim ListerWindermere Manito, LLC
thelisterteam@windermere.com
Pleased to present the Union Apartments for sale. A low-maintenance, value-add apartment building with strong upside potential. The property includes eight 1-BD/1BA units, onsite laundry, yard area, and dedicated parking for each unit plus additional street parking. Competitive price point at $115,625 per unit with a 6.18% cap rate. This asset outperforms market comps with an average of $128,073 per unit and 6.07% cap rate. Upside potential, opportunity to increase rents by 4.8% to market rates with as-is unit interiors offering strong immediate and long term income potential w/ 6.62% pro forma cap rat. Located in Chief Garry Park, this property offers quick access to Downtown Spokane and Feltz field, making it a desirable rental spot. Valuable amenities include onsite laundry and dedicated parking for each unit to enhance tenant satisfaction & retention. 1BD/1BA units are in strong demand, appealing to singles, couples, and professionals which supports steady occupancy and income!

MLS# SAR202515656 • Data provided by SAR as distributed by MLS Grid
Additional home details
Living Area5,040 Sq.Ft.
Lot Size0.3 Acres
Total Rooms--
Bedrooms--
Bathrooms--
Stories2
Year Built1912
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$7,987
Property in Flood Zone--
This property is missing data for:
Comparable properties, forecast, and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $925,000
Save
Courtesy of Windermere Manito, LLC