$6,887 Closing Credit¹
#202512963, Chris Nye, Listing Office: MLS4owners.com
$925,000 List price
5312 E Union Ave Spokane, WA 99207
$10,000
Closing credit¹
5,040 sqft
0.3 acres
$184 / sqft
Multi-Family
Property details
About 5312 E Union Ave
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 $115,625 per unit with a 6.18% cap rate. This asset outperforms market comps with an average of $128,073 per unit and 6.07% cap rate. Upside potential, opportunity to increase rents by 4.8% to market rates with as-is unit interiors offering strong immediate and long term income potential w/ 6.62% pro forma cap rat. 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!
Highlights
Home typeMulti Family
HeatingOther
StatusActive
(New)
(New)
CoolingOther
Size5,040 sqft
Lot size0.34 Acres
Year built1912
ParkingShared Driveway
MLS #202515656
Summary
- MLS Number: 202515656
- MLS Name: SARMLS
- Office Name: Windermere Manito, LLC
- Office Email: manito@windermere.com
- Listing Agent: Jim Lister
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2025 Spokane Association of REALTORS® MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/26/2025, 2:55:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$925,000
5312 E Union Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 03, 2022 | Home Sold | $950,000 |
| Jul 17, 2017 | Home Sold | $260,500 |
| Jul 08, 2008 | Home Sold | $225,600 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $712,900 | $6,718 |
| 2023 | $428,100 | $4,747 |
| 2022 | $428,100 | $4,747 |
| 2021 | $448,100 | $5,372 |
| 2020 | $392,800 | $5,298 |
| 2018 | $236,200 | $3,003 |
| 2017 | $228,100 | $3,505 |
History based on county public records data.
Nearby schools
2
Seth Woodward Elementary School
Public District 1-5
1.2 mi
•7401 E Mission Ave
5
Orchard Center Elementary School
Public District 1-5
1.4 mi
•7519 E Buckeye Ave
4
Cooper Elementary School
Public District PK-5
1.5 mi
•3200 N Ferrall St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,171. The most common annual income of people living in Spokane, WA is less than $<35k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
55%
<35k
43%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
49%
Single, No Kids
18%
Single, with Kids
18%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
8%
12-17 yrs old
27%
18-34 yrs old
42%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Books-a-Million
Big Lots
Where do the neighbors go to eat?
White Castle
Church's Chicken
Golden Corral
What do the neighbors drive?
Chevrolet
Toyota
Kia
What do the neighbors listen to?
Rock
Adult Hits- Adult Standards
All data provided by Home Junction and Claritas
Similar homes for sale
$8,906 Closing Credit¹
#202515212, Marianne Bornhoft, Listing Office: REAL Broker LLC
This home is located at 5312 E Union Ave in Spokane, WA and zip code 99212 in the Chief Garry Park neighborhood. This 5,040 square foot home, which was built in 1912, sits on a 0.34 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since April 25, 2025 and is currently priced at $925,000.
In March 2025, from all listings sold in Spokane, WA there were more than 89 sold above asking price, over 84 sold below and more than 74 were sold right at the asked price. The number of homes for sale in Spokane, WA increased by 23% between February and March 2025. The median list price of listings available in March 2025 was $407,233, while the average time on the real estate market was 30 days.
From Rocket Homes Real Estate and based on county public records data.