
5312 E Union Ave Spokane, WA 99212
Chief Garry Park NeighborhoodEstimated payment $5,795/month
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!
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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Source: Spokane Association of REALTORS®
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