$895,000
$30K PRICE DROP

Estimated payment $5,795/month

Total Views 5,638
4 Beds
4 Baths
5,040 Sq Ft
$178 Price per Sq Ft

About This Home

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 Agent

Jim Lister

Windermere Manito, LLC License #38327 Listed on: 04/25/2025

Windermere Manito, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 0.34 Acre Lot

Parking

  • Shared Driveway

Interior Spaces

  • 5,040 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Schools

  • Centennial Middle School
  • West Valley High School

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 35114.1009

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Year Built: 1912
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • Lot Size Acres: 0.34
  • Road Frontage Type: City Street
  • Reso Association Amenities: See Remarks
  • Co List Office Phone: +1 (509) 747-10
  • MLS Status: Chg price
  • Reso Structure Type: Two Story
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bedrooms: 4

Exterior Features

  • Roof: See Remarks
  • Construction Type: See Remarks

Garage/Parking

  • Parking Features: Shared Driveway

Utilities

  • Cooling: Other
  • Heating: See Remarks

Schools

  • Elementary School: Orchard Center
  • High School: West Valley
  • Middle Or Junior School: Centennial

Lot Info

  • Parcel Number: 35114.1009
  • Lot Size Sq Ft: 14810

Multi Family

  • Number Of Units Total: 8

Map

Range of Values:

Collateral Analytics

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 Price Changed $895,000 -3.2% $178 / Sq Ft
04/25/2025 04/25/25 For Sale $925,000 -2.6% $184 / Sq Ft
10/03/2022 10/03/22 Sold $950,000 0.0% $188 / Sq Ft
06/21/2022 06/21/22 Pending -- -- --
06/21/2022 06/21/22 For Sale $950,000 0.0% $188 / Sq Ft
04/23/2022 04/23/22 Pending -- -- --
04/16/2022 04/16/22 For Sale $950,000 -- $188 / Sq Ft
Source: Spokane Association of REALTORS®

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Source: Spokane Association of REALTORS®

MLS Number: 202515656

Spokane Association of REALTORS®