Spokane Investment Opportunity - 9-unit studio apartment building plus a separate 1-bedroom, 1-bath single-family residence, situated on a single parcel, in a centrally located Spokane neighborhood near downtown. Each unit is designed for low-maintenance living and strong tenant appeal. Convenient access to downtown, shopping, dining, and public transportation enhances long-term rental demand and overall investment stability.
Active
Price cut: $25K (4/21)
$1,100,000
5012 N Regal St, Spokane, WA 99217
--beds
--baths
4,898sqft
MultiFamily
Built in 1910
-- sqft lot
$-- Zestimate®
$225/sqft
$-- HOA
What's special
- 152 days |
- 32 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Ryan Towner 509-481-0373,
LT Real Estate,
Dallas Lightner 509-315-8720,
LT Real Estate
Source: SMLS as distributed by MLS GRID,MLS#: 202612173
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Facts & features
Interior
Heating
- Forced Air
Cooling
- Window Unit(s)
Features
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 4,898
- Total interior livable area: 4,898 sqft
Property
Parking
- Parking features: None
Features
- Levels: Two
Details
- Parcel number: 36343.2012
Construction
Type & style
- Home type: MultiFamily
Materials
- Vinyl Siding
- Roof: Composition
Condition
- Year built: 1910
Community & HOA
HOA
- Amenities included: None
Location
- Region: Spokane
Financial & listing details
- Price per square foot: $225/sqft
- Tax assessed value: $854,800
- Annual tax amount: $8,468
- Date on market: 2/13/2026
- Listing terms: Conventional,Cash
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$993/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/21/2026 | Price change | $1,100,000-2.2%$225/sqft |
Source:  SMLS as distributed by MLS GRID #202612173 Report a problem | ||
| 2/13/2026 | Listed for sale | $1,125,000+18.7%$230/sqft |
Source: SMLS as distributed by MLS GRID #202612173 Report a problem | ||
| 8/31/2023 | Sold | $948,000+848%$194/sqft |
Source: Public Record Report a problem | ||
| 9/20/2017 | Sold | $100,000$20/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,468 +23.5% | $854,800 +20.6% |
| 2023 | $6,860 +19.4% | $708,900 +20.5% |
| 2022 | $5,746 +98.1% | $588,100 +32.2% |
| 2021 | $2,901 +14.9% | $445,000 +118% |
| 2020 | $2,524 +118.3% | $204,150 +111.9% |
| 2019 | $1,156 | $96,350 +104.2% |
| 2018 | $1,156 +74.7% | $47,180 -64.9% |
| 2017 | $662 -64% | $134,280 +2.7% |
| 2016 | $1,837 +9.4% | $130,780 +11.3% |
| 2015 | $1,679 | $117,480 +4.4% |
| 2014 | $1,679 | $112,580 |
| 2013 | $1,679 +40.4% | -- |
| 2010 | $1,196 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Hillyard
Nearby schools
GreatSchools rating
- 2/10Regal Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 2/10Shaw Middle SchoolGrades: 6-8Distance: 0.6 mi
- 3/10Rogers High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: Spokane Dist 81
Source: SMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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