2513 N Regal Street Spokane, WA 99207
Turnkey multifamily property near downtown Spokane and Centennial Trail.
Type:Multifamily
Lot size:
1.09 Acres- Added:
- Mar 6, 2026
- Days on Market:
- 32
- Last Refresh:
- Apr 5 at 10:53 pm
Property Features for 2513 N Regal Street
General Information
- Standard status
- Active
- Lot size
- 1.09 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 2021
Listing agent Bryan Walker (509) 622-3593
Listing office (509) 622-3593
Listing date Mar 6, 2026
Source Naiglobal
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Bryan Walker
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 on a lot of approximately 1.09 acres (47,332 SF). The location along the Centennial Trail and proximity to downtown enhances renter demand. The property includes 8 garage units and 35 parking stalls. The property is professionally managed and offers a cap rate of 6.5% on actuals with 10% current vacancy and a NOI of $395,000. The property is located in the Bemiss neighborhood. Full construction plans and unit mix are available upon request. This asset stands out as a high-quality investment opportunity in one of Spokane’s most active multifamily corridors, offering solid in-place income and potential for improved performance as vacancy tightens.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.369
- Latitude
- 47.6811
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turnkey multifamily property near downtown Spokane and Centennial Trail.
Where is this apartment building located?
The property is located at 2513 N Regal Street 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 an attractive 6.5% cap rate and $395,000 NOI.; Located along the Centennial Trail and near downtown Spokane.
