5312 E Union Ave - Apartments FOR SALE


Spokane, WA 99212- Chief Garry Park
$850,000 USD
509-496-6922
5312 E Union Ave, Spokane, WA for Sale
$850,000 USD
Apartments - FOR SALE
1/9
null | 6.47% Cap Rate

5312 E Union Ave
Spokane, WA 99212
Chief Garry Park


HIGHLIGHTS

  • Competitive Pricing – Offered at $106,250 per unit versus market comps averaging $118,784 per unit
  • 0.34 Acre Site – Triple-lot footprint currently held as one parcel
  • R1 Zoning Flexibility – Potential for additional units, redevelopment, or lot line adjustment
  • Central Spokane Location – Minutes to Downtown, Gonzaga, SCC, I-90, parks, and transit
  • Onsite Amenities – Laundry and dedicated parking for each unit
  • Consistent Demand – 1 bed/1 bath layout supports stable occupancy

OVERVIEW

SVN Cornerstone is pleased to present the Union Apartments for sale located at 5312 E Union Ave in Spokane. The Union Apartments consist of 8 1 bedroom 1 bathroom units, a common laundry room, a parking lot, and a large 0.34 acre lot, offering future development or redevelopment potential.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

8

PRICE/UNIT

$106,250

CAP RATE

6.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,002 SF

ZONING

C

APN/PARCEL ID

35114.1009

ASK ABOUT THIS PROPERTY

Jordan Lester, CCIM, MBASVN | CornerstoneMore Info
509-496-6922

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Jordan Lester, CCIM, MBASVN | CornerstoneMore Info
509-496-6922

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