Property Type
Listing Details for 5312 E Union Ave, Spokane, WA 99207
MLS #: 202515656
5312 E Union Ave, Spokane, WA 99207
Listing Number: 202515656
Listing Price: $895,000
Number of Units: 8
Lot Size: 14,810 Sq Ft
Listing Price: $895,000
Number of Units: 8
Lot Size: 14,810 Sq Ft
Courtesy: Windermere Manito, LLC
-= Complex Details =-
Number of Units: 8
-= Building Details =-
Year Built: 1912
Effective Year Built: 1912
Amenities: See Remarks
Roof: See Remarks
Approx. Sq Ft: 5,040
Heating & Cooling: See Remarks
Effective Year Built: 1912
Amenities: See Remarks
Roof: See Remarks
Approx. Sq Ft: 5,040
Heating & Cooling: See Remarks
-= Unit Details =-
-= Site Details =-
Lot Size: 14,810 Sq Ft
Utilities
Utilities
-= Location Information =-
Address: 5312 E Union Ave, Spokane, WA 99207
City: Spokane
State:
Zip Code: 99207
Latitude: 47.67625200
Longitude: -117.33131000
City: Spokane
State:
Zip Code: 99207
Latitude: 47.67625200
Longitude: -117.33131000
-= Community Information =-
School District: West Valley
Elementary School: Orchard Center
Junior High School: Centennial
Senior High School: West Valley
Elementary School: Orchard Center
Junior High School: Centennial
Senior High School: West Valley
-= Assessor Information =-
County: Spokane
Tax Number: 35114.1009
Tax Number: 35114.1009
-= Purchase Information =-
Listing Price: $895,000
-= MLS Listing Details =-
Listing Number: 202515656
Listing Status: Active
Listing Office: Windermere Manito, LLC
Listing Date: 2025-04-25
Original Listing Price: $0
MLS Area: A140/073
Marketing Remarks: 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 $111, 875 per unit, this asset outperforms market comps with an average of $128, 073 per unit. Upside potential, opportunity to increase rents by 3.32% to market rates with as-is unit interiors offering strong immediate and long term income potential w/ 6.20% pro forma cap rate. 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!
Listing Status: Active
Listing Office: Windermere Manito, LLC
Listing Date: 2025-04-25
Original Listing Price: $0
MLS Area: A140/073
Marketing Remarks: 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 $111, 875 per unit, this asset outperforms market comps with an average of $128, 073 per unit. Upside potential, opportunity to increase rents by 3.32% to market rates with as-is unit interiors offering strong immediate and long term income potential w/ 6.20% pro forma cap rate. 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!
-= Multiple Listing Service =-
-= Disclaimer =-
The information contained in this listing has not been verified by Katz Realty, Inc. and should be verified by the buyer.
* Cumulative days on market are days since current listing date.
* Cumulative days on market are days since current listing date.
