Apartment Building with Development
New
For Sale
$249,900
518 S Elm St, Spokane, WA 99220
Residential Income, Spokane, WA
Property Size6,500 SF
Lot Size0.07 Acres
Price / SF$38.45
Days on Market5
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
Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 6, Basement, Bedroom 3, Bathroom 3
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
Baseboard, Electric (Heating)
Building Details
Year built
1901
Floors in Building
2
Number of units
5
Building materials
Brick Veneer, Siding
Roof type
Composition
Architectural style
Contemporary
Buildings
1
Listing Agency:
Kelly Right Real Estate of Spokane
Listed By:
Alena Kanifolsky
(509) 489-7000
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 6 at 8:06AM
MLS# 202626555
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.
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Investment Insights
Based on property information with market context.
This three-parcel Spokane property includes an existing 6,500-square-foot building and additional land for development. Fire damage affects the structure: the third floor has moderate damage, primarily to the roof, the middle floor is gutted to the shell, and the bottom floor is livable with minor repairs. The building dates to 1901 and sits on a Modern Engineering Foundation measuring 93 inches tall by 8 inches thick.
The combined parcels total 13,336 square feet and are zoned DTG. Existing infrastructure includes overhead power, a 1-inch water line, and a 6-inch concrete sewer conduit stub. That infrastructure is stated to support up to 12 units, with potential capacity for up to 24 units. The zoning allows residential, office, retail, warehouse, and other mixed-use development.
The combined parcels total 13,336 square feet and are zoned DTG. Existing infrastructure includes overhead power, a 1-inch water line, and a 6-inch concrete sewer conduit stub. That infrastructure is stated to support up to 12 units, with potential capacity for up to 24 units. The zoning allows residential, office, retail, warehouse, and other mixed-use development.
Key Highlights
- Three parcels totaling 13,336 square feet in downtown Spokane
- Existing building has approximately 6,500 square feet of living area
- DTG zoning allows residential, office, retail, warehouse, and mixed‑use uses
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - DTG zoning accommodates residential, office, retail, warehouse, and mixed-use development.
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 $249,900.
What are key features of this property?
This property features: Three parcels totaling 13,336 square feet in downtown Spokane; Existing building has approximately 6,500 square feet of living area; DTG zoning allows residential, office, retail, warehouse, and mixed‑use uses
