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    2513 N Regal St Spokane, WA 99207

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    For Sale
    $5,950,000

    Turnkey multifamily property with strong income and modern construction.

    Property size:
    30,294 SF

    Property Features for 2513 N Regal St

    General Information

    Size
    30,294 SF

    Building Details

    Year built
    2021

    Source: Bryan Walker Agent Bryan Walker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modern Multifamily Investment Opportunity

    The multifamily property at 2513 N Regal St, Spokane, WA 99207, offers a turnkey investment opportunity with modern construction and strong operating performance. Built in 2023, the property consists of 30 units. The location along the Centennial Trail and proximity to downtown enhance renter demand. The property includes 8 garage units and 35 parking stalls. Situated on a lot of approximately 1.09 acres (approximately 47,332 square feet), the property is professionally managed. The property's contemporary design supports long-term stability. With solid in-place income and potential for improved performance as vacancy tightens, this asset stands out as a high-quality investment opportunity in one of Spokane’s most active multifamily corridors, Bemiss. The property has a Cap Rate of 6.5% on actuals with 10% current vacancy and a Net Operating Income (NOI) of $395,000.00. Full construction plans and unit mix are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.3689445
    Latitude
    47.6811099

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    FAQs

    What type of property is this?
    Apartment building - Turnkey multifamily property with strong income and modern construction.
    Where is this apartment building located?
    The property is located at 2513 N Regal St Spokane, WA.
    What is the asking price?
    The asking price for this property is $5,950,000.
    What are key features of this property?
    This property features: - Turnkey multifamily investment property built in 2023.; - Strong operating performance with a **6.5% cap rate** and **$395,000 NOI**.; - Located along the Centennial Trail and near downtown Spokane.
    (509) 951-3669
    Request Owner's contact information
    2513 N Regal St Spokane, WA 99207
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    Spokane, WA 99207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2513 N Regal St Spokane, WA 99207
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