5312 E Union Ave
Spokane, WA 99212
-- Bed-- Bath5,040 Sq Ft101 Days on Market
For Sale $925,000
Save
Courtesy of Windermere Manito, LLC
Listing Agent & Comments
Jim Lister • Windermere Manito, LLC
thelisterteam@windermere.comPleased 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
Living Area | 5,040 Sq.Ft. |
---|---|
Lot Size | 0.3 Acres |
Total Rooms | -- |
Bedrooms | -- |
Bathrooms | -- |
Stories | 2 |
Year Built | 1912 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $7,987 |
Property in Flood Zone | -- |
Data provided by SAR as distributed by MLS Grid.
This property is missing data for:
Comparable properties, forecast, and rental estimate
New
Do you own this home?
Access your homeowner dashboard
HouseCanary, Inc. Brokerage
5312 E Union Ave., Spokane, WA 99212
Multifamily-- Bed-- Bath5,040 Sq Ft101 Days on Market
Listing Agent & Comments
Jim Lister • Windermere Manito, LLC
thelisterteam@windermere.comPleased 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
Living Area | 5,040 Sq.Ft. |
---|---|
Lot Size | 0.3 Acres |
Total Rooms | -- |
Bedrooms | -- |
Bathrooms | -- |
Stories | 2 |
Year Built | 1912 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $7,987 |
Property in Flood Zone | -- |
Data provided by SAR as distributed by MLS Grid.
This property is missing data for:
Comparable properties, forecast, and rental estimate
New
Do you own this home?
Access your homeowner dashboard
For Sale $925,000
Save
Courtesy of Windermere Manito, LLC
5312 E Union Ave
Spokane, WA 99212
-- Bed-- Bath5,040 Sq Ft101 Days on Market
Listing Agent & Comments
Jim Lister • Windermere Manito, LLC
thelisterteam@windermere.comPleased 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
Living Area | 5,040 Sq.Ft. |
---|---|
Lot Size | 0.3 Acres |
Total Rooms | -- |
Bedrooms | -- |
Bathrooms | -- |
Stories | 2 |
Year Built | 1912 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $7,987 |
Property in Flood Zone | -- |
Data provided by SAR as distributed by MLS Grid.
This property is missing data for:
Comparable properties, forecast, and rental estimate
New
Do you own this home?
Access your homeowner dashboard
For Sale $925,000
Save
Courtesy of Windermere Manito, LLC