Multifamily Building with Development
518 Elm, Spokane, WA 99220
For Sale
$249,900
Three downtown parcels combine existing building improvements with land for additional development.
Property Size6,500 SF
Lot Size0.31 Acres
Price / SF$38.45
Days on Market10
Property Features for 518 Elm
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Utilities to Site
Additional Details
Multifamily Units
Amenities
Garage: None
Garage Spaces: 0
Style: Contemporary
Contemporary
Building Details
Year Built
Listing Agency:
Kelly Right Real Estate of Spokane
Listed By:
Alena Kanifolsky
(509) 489-7000
Source:
Clearwaterproperties
Added: Nov 4
Changed: Nov 12
Last Checked: Nov 12 at 7:36AM
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 Kelly Right Real Estate of Spokane
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Investment Insights
Based on property information with market context.
This Spokane multifamily property comprises three parcels totaling 13,336 square feet, with an existing building of approximately 6,500 square feet. Fire damage affects the structure: the third floor has moderate damage, mainly to the roof, the middle floor is stripped to its shell, and the lower floor remains livable with minor repairs needed. The building dates to 1901 and sits on a Modern Engineering Foundation measuring 93 inches tall and 8 inches thick.
DTG zoning allows residential, office, retail, warehouse, and other mixed-use development. Existing infrastructure includes overhead power, a 1-inch water line, and a 6-inch concrete sewer conduit stub. The stated utility capacity is up to 12 units, with potential to support as many as 24 units.
DTG zoning allows residential, office, retail, warehouse, and other mixed-use development. Existing infrastructure includes overhead power, a 1-inch water line, and a 6-inch concrete sewer conduit stub. The stated utility capacity is up to 12 units, with potential to support as many as 24 units.
Key Highlights
- Three parcels totaling 13,336 square feet in downtown Spokane
- Approximately 6,500‑square‑foot existing building with fire damage on the upper and middle floors
- DTG zoning allows residential, office, retail, warehouse, and other mixed‑use development
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
831
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Market
Average Price Trend$/SF for Apartment buildings in Spokane, WA
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three downtown parcels combine existing building improvements with land for additional development.
Where is this apartment building located?
The property is located at 518 Elm Spokane, WA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three parcels totaling 13,336 square feet in downtown Spokane; Approximately 6,500‑square‑foot existing building with fire damage on the upper and middle floors; DTG zoning allows residential, office, retail, warehouse, and other mixed‑use development
