Spokane Investment
For Sale
$1,100,000
5012 Regal, Spokane, WA 99202
9-unit studio apartment building plus a single-family residence.
Property Size4,898 SF
Price / SF$224.58
Days on Market205
Property Features for 5012 Regal
General Information
Standard status
Active
Size
4,898 SF
Property subtype
Multi Family Home
Amenities
Garage: None
Garage Spaces: 0
Building Details
Year Built
1910
Listing Agency:
LT Real Estate
Listed By:
Ryan Towner · License #24027253
(509) 315-8720
Source:
Clearwaterproperties
Added: Mar 27
Changed: Oct 16
Last Checked: Oct 16 at 5:51AM
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 LT Real Estate
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Investment Insights
Based on property information with market context.
This Spokane property features a 9-unit studio apartment building and a separate single-family residence with one bedroom and one bathroom, all situated on a single parcel. The property is located in a centrally located Spokane neighborhood near downtown. Each unit is designed for low-maintenance living and strong tenant appeal. The total property size is 4898 square feet. The location provides convenient access to downtown, shopping, dining, and public transportation.
Key Highlights
- 9‑unit studio apartment building plus a separate 1‑bedroom single‑family residence on one parcel.
- Investment opportunity with strong tenant appeal.
- Centrally located in Spokane near downtown.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,715
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,300
$974.3K
Cap Rate 7%
$695,929
$695.9K
Cap Rate 9%
$541,278
$541.3K
Market Conditions
NOI Build-Up for 4,898 SF
Gross rent
$94.6K $19.32/SF
− Vacancy
−$6.1K −$1.24/SF
EGI
$88.6K $18.08/SF
− OpEx
−$39.9K −$8.14/SF
NOI
$48.7K $9.95/SF
Area
Spokane, WA
Vacancy
6.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,300
Cap Rate 7%
$695,929
Cap Rate 9%
$541,278
Alternative Uses
Best Use
Apartment 5plus
$695.9K
$608.9K – $811.9K
NOI $48,715 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.11M – $1.47M
NOI $88,458 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 99202, WA
21,969
Population
8,296
Households
2.6
Avg Household Size
31
Median Age
33%
College-Educated
92%
High-School Grad
5.9 sq mi
ZIP Area
3,724
Density / Sq Mi
$61,323
Median Household Income
$31,892
Median Earnings
$1,070
Median Rent
$268,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 9-unit studio apartment building plus a single-family residence.
Where is this apartment building located?
The property is located at 5012 Regal Spokane, WA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 9‑unit studio apartment building plus a separate 1‑bedroom single‑family residence on one parcel.; Investment opportunity with strong tenant appeal.; Centrally located in Spokane near downtown.
