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  • $925,000

    5312 E Union Ave, Spokane, WA 99212

    4beds
    4baths
    5,040sqft
    : 
    Multi Family
    Built in 1912
    -- sqft lot
    $-- Zestimate®
    $184/sqft
    $-- HOA

    What's special

    Yard area
    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!
    100 days
    on Zillow
    |
    111
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 02, 2025 at 12:23am

    Listed by:

    Jim Lister 509-216-2222,

    Windermere Manito, LLC

    Source: SMLS,MLS#: 202515656MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 5312 E Union Ave.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Heating
    • See Remarks
    Cooling
    • Other
    Features
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total structure area: 5,040
    • Total interior livable area: 5,040 sqft

    Property

    Parking
    • Parking features: Shared Driveway
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    Lot
    • Size: 0.34 Acres
    Details
    • Parcel number: 35114.1009

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • See Remarks
    • Roof: See Remarks
    Condition
    • Year built: 1912

    Community & HOA

    HOA
    • Amenities included: See Remarks
    Location
    • Region: Spokane

    Financial & listing details

    • Price per square foot: $184/sqft
    • Date on market: 4/25/2025
    • Listing terms: See Remarks
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