Apartment Building With Development
New
For Sale
$469,900
518 S Elm St, Spokane, WA 99220
Commercial Sale, Spokane, WA
Property Size6,500 SF
Lot Size0.07 Acres
Price / SF$72.29
Days on Market3
Property Features for 518 S Elm St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
DTG
Basement
Finished, Full
Lot features
Fenced Yard, Level, Open Lot
View
City
Elementary school
Roosevelt
Middle school
Sacajawea
High school
Lewis & Clark
Elementary school district
Spokane Dist 81
Directions
From I-90 take Exit 280A Maple Street. Continue south on Maple St toward downtown ,turn onto W 3 Ave, then turn onto S Elm St. Use GPS
Standard status
Active
APN
25241.4717
Size
6,500 SF
Lot size
0.07 Acres
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1901
Floors in Building
2
Building materials
Brick Veneer, Siding
Roof type
Composition
Listing Agency:
Kelly Right Real Estate of Spokane
(509) 489-7000
Listed By:
Alena Kanifolsky
(509) 489-7000
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 22 at 6:06AM
MLS# 202622933
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-parcel property includes an existing fiveplex with approximately 6,500 square feet of living area and additional land. Built in 1901, the structure has brick veneer and siding, composition roofing, and electric baseboard heating. Existing improvements include a Modern Engineering Foundation measuring 93 inches tall by 8 inches thick.
The building was affected by fire. The third floor has moderate damage concentrated primarily at the roof, while the middle floor has been gutted to the shell. The lower floor requires minor repairs and remains livable. Utility infrastructure includes overhead power, a 1 inch water line, and a 6 inch concrete sewer conduit stub. DTG zoning permits residential, office, retail, warehouse, and other mixed-use applications.
The building was affected by fire. The third floor has moderate damage concentrated primarily at the roof, while the middle floor has been gutted to the shell. The lower floor requires minor repairs and remains livable. Utility infrastructure includes overhead power, a 1 inch water line, and a 6 inch concrete sewer conduit stub. DTG zoning permits residential, office, retail, warehouse, and other mixed-use applications.
Key Highlights
- Three parcels totaling 13,336 sq ft
- Existing fiveplex with approximately 6,500 square feet of living area
- DTG zoning allows residential, office, retail, warehouse, and mixed‑use applications
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - DTG-zoned property combines an existing fiveplex with additional parcels for residential and mixed-use redevelopment.
Where is this apartment building located?
The property is located at 518 S Elm St Spokane, WA.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Three parcels totaling 13,336 sq ft; Existing fiveplex with approximately 6,500 square feet of living area; DTG zoning allows residential, office, retail, warehouse, and mixed‑use applications
