Apartment Building with Development
New
For Sale
$419,900
518 S Elm St, Spokane, WA 99220
Residential Income, Spokane, WA
Property Size6,500 SF
Lot Size0.07 Acres
Price / SF$64.60
Days on Market4
Property Features for 518 S Elm St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4, Basement
Basement
Finished, Full, Daylight, Walk-Out Access
Lot features
Fenced Yard, Level, Open Lot, Cul-De-Sac, Oversized 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
Number of units
5
Building materials
Brick Veneer, Siding
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
Kelly Right Real Estate of Spokane
(509) 489-7000
Listed By:
Alena Kanifolsky
(509) 280-7680
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 14 at 11:06PM
MLS# 202624145
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 apartment property includes approximately 6,500 square feet of existing living area on a combined 13,336-square-foot site. The building dates to 1901 and includes brick veneer and siding construction, a composition roof, basement space, and six bedrooms with four bathrooms. Fire-related conditions vary by floor: the third floor has moderate damage concentrated near the roof, the middle floor has been reduced to a bare shell, and the lower floor remains livable with minor repairs needed.
DTG zoning permits a range of residential, office, retail, warehouse, and other mixed-use development possibilities. Existing infrastructure includes overhead power, a 1-inch water line, and a 6-inch concrete sewer conduit stub. The current utility capacity is described as supporting up to 12 units, with potential capacity for up to 24 units. The property is located in Spokane, Washington.
DTG zoning permits a range of residential, office, retail, warehouse, and other mixed-use development possibilities. Existing infrastructure includes overhead power, a 1-inch water line, and a 6-inch concrete sewer conduit stub. The current utility capacity is described as supporting up to 12 units, with potential capacity for up to 24 units. The property is located in Spokane, Washington.
Key Highlights
- Three parcels totaling 13,336 sq ft
- Approximately 6,500 sq ft of existing living area
- DTG zoning supports residential, office, retail, warehouse, and mixed‑use development
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Three-parcel Spokane property with existing improvements, mixed-use zoning, utility infrastructure, and additional land for 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 $419,900.
What are key features of this property?
This property features: Three parcels totaling 13,336 sq ft; Approximately 6,500 sq ft of existing living area; DTG zoning supports residential, office, retail, warehouse, and mixed‑use development
