5004-5010 E 1st Ave - Apartments FOR SALE


Spokane Valley, WA 99212- Dishman Hills
$1,775,000 USD
425-654-3529
5004-5010 E 1st Ave, Spokane Valley, WA for Sale
$1,775,000 USD
Apartments - FOR SALE
1/34
null | 5.32% Cap Rate

5004-5010 E 1st Ave
Spokane Valley, WA 99212
Dishman Hills


HIGHLIGHTS

  • Individual parcels for each building allow for flexible exit strategy to maximize returns.
  • Spokane Valley continues to experience robust demand for workforce housing.
  • Attractive unit mix with five 2-bed 1-bath, and eight 1-bed 1-bath units.

OVERVIEW

Oasis Apartments offers 13 multifamily units located in Spokane Valley, consisting of three triplexes and one fourplex built in 1955. The property features spacious unit layouts, private entrances, and minimal shared walls. These attributes contribute to strong tenant retention and rent premiums compared to traditional apartments. With a solid track record of rent performance and operational stability, Oasis Apartments stands out as a low density, high demand rental option in one of Eastern Washington’s most resilient markets.

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$434 USD /SF

# OF UNITS

13

PRICE/UNIT

$136,538

CAP RATE

5.32%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oasis Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

CMU

APN/PARCEL ID

35232.1414,35232.1415,35232.1416,35232.1417

ASK ABOUT THIS PROPERTY

Peter ClarkParagon GroupMore Info
425-654-3529

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Peter ClarkParagon GroupMore Info
425-654-3529

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.