Address Map
USA
Washington
Spokane
Spokane
99212
Union Ave
5312
W118° 40' 7.3''
N47° 40' 34.5''
E
Additional Information
Jordan Lester, CCIM, MBA
33954
1002895
14,810 Sqft
Apartment Building - 8 Units
Spokane Valley
2
Steel,Wood
99201
WA
Spokane
1311 N. Washington St No. D
Property Description

SVN Cornerstone is pleased to present the Union Apartments for sale – a low-maintenance, value-add apartment building with strong upside potential. The property includes eight 1 bedroom 1 bathroom units, onsite laundry, a yard area, and dedicated parking for each unit plus additional street parking.Competitive Price Point – Priced at $115,625/unit with a 6.18% cap rate, this asset outperforms market comps with an average of $128,073/unit and a 6.07% cap rateUpside Potential – Opportunity to increase rents by 4.8% to market rates with as-is unit interiors offering strong immediate and long-term income potential, with a 6.62% pro forma cap rateCentral Location – Located in Chief Garry Park, this property offers quick access to Downtown Spokane, Gonzaga University, Spokane Community Co

For Sale

5312 Union Ave, Spokane, Washington 99212

  • Square Footage: 5,040 Sqft
$925,000
Listing ID#696030
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Basic Details
Property Type : Multi-family
Listing Type : For Sale
Listing ID : 696030
Price : $925,000
Square Footage : 5,040 Sqft
Year Built : 1912
Status : Active
Office Name : SVN Cornerstone LLC
Property Sub Type : Multi-family
BROKER INFO
Rene Orona
BROKER OF REAL ESTATE
BROKER OF REAL ESTATE
3380 146th PL SE Suite 300
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SVN Cornerstone LLC