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Oasis Apartments 5004-5010 E 1st Ave 13 Unit Apartment Building $2,477,758 CAD ($190,597 CAD/Unit) 5.32% Cap Rate Spokane Valley, WA 99212
INVESTMENT HIGHLIGHTS
- Individual parcels for each building allow for flexible exit strategy to maximize returns.
- Attractive unit mix with five 2-bed 1-bath, and eight 1-bed 1-bath units.
- Spokane Valley continues to experience robust demand for workforce housing.
EXECUTIVE SUMMARY
Oasis Apartments offers 13 multifamily units located in Spokane Valley, consisting of three triplexes and one fourplex built in 1955. The property features spacious unit layouts, private entrances, and minimal shared walls. These attributes contribute to strong tenant retention and rent premiums compared to traditional apartments. With a solid track record of rent performance and operational stability, Oasis Apartments stands out as a low density, high demand rental option in one of Eastern Washington’s most resilient markets.
PROPERTY FACTS
| Price | $2,477,758 CAD | Apartment Style | Garden |
| Price Per Unit | $190,597 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.93 AC |
| Cap Rate | 5.32% | Building Size | 10,100 SF |
| No. Units | 13 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1955 |
| Zoning | CMU | ||
| Price | $2,477,758 CAD |
| Price Per Unit | $190,597 CAD |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.93 AC |
| Building Size | 10,100 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1955 |
| Zoning | CMU |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,605 CAD | 700 |
| 2+1 | 5 | $2,024 CAD | 900 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,018,118 CAD | |
| Land Assessment | $392,739 CAD | Total Assessment | $2,410,858 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$392,739 CAD
Improvements Assessment
$2,018,118 CAD
Total Assessment
$2,410,858 CAD
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Oasis Apartments | 5004-5010 E 1st Ave
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