Listing Agency: SVN | Cornerstone j***@svn.com Show Phone

Listed By: Jordan Lester, CCIM, MBA · License #21008495

Source: Crexi

Added: Apr 13 Changed: Aug 31 Last Checked: Aug 30 at 12:49PM

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Investment Insights

Based on property information with market context.

The property at 722 E 5th Ave comprises six apartment units in Spokane’s Perry District. Its multifamily configuration provides a defined residential income property with convenient access to downtown and public transportation.

The surrounding area includes nearby shops, restaurants, and parks, giving residents access to everyday services and outdoor amenities within the Perry District.

Key Highlights

• Six apartment units in Spokane’s Perry District
• Convenient access to downtown
• Public transportation access nearby

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Catering Service Locksmith Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6

Residential units

Location Intelligence

Trade Area within ½ mile

2,126

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property near downtown with access to transit, shops, restaurants, and parks.

Where is this apartment building located?

The property is located at 722 E 5th Ave Spokane, WA.

What are key features of this property?

This property features: Six apartment units in Spokane’s Perry District; Convenient access to downtown; Public transportation access nearby