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Street View
$249,900
Monthly Est:$1,244
6 Beds
4 Baths
6,500sqft
518 S Elm St, Spokane, WA 99201
$249,900
$1,244/moEst:
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Multi Family
Built in 1901
$-- HOA
3,000 sqft lot
$38/sq.ft
Description
The property providing excellent potential for an investor owner-user, or developer. 3 parcel downtown Spokane assemblage with existing improvements and additional development land. Zoned DTG allowing for a variety of residential, office, retail, warehouse space and other mixed-use opportunities. Total of three parcel of land comprising 13,336 sq ft. The building was affected by a fire and has a total living area of approximately 6,500 square feet. The third floor has moderate fire damage, primarily to the roof. The middle floor has been completely gutted down to the bare shell. The bottom floor requires some minor repairs but is otherwise livable. The property also features existing utility infrastructure, including overhead power, and a 1 inch existing water line and a 6 inch concrete sewer conduit stub to the property. The existing infrastructure will support up to 12 units with the potential to support up to 24 units. The fiveplex sits on Modern Engineering Foundation 93 inches tall by 8 inch –thick.
- Houzeo last checked: 12 hours ago
- Listing updated: November 3, 2026 at 3:01 pm
- Listing Provided by: Alena Kanifolsky | Kelly Right Real Estate of Spokane (509) 489-7000
- Source: Spokane MLS-WA as distributed by MLS GRID | MLS#: 202626555
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1901
HOA Fees
-
Finished Area
6,500 sqft
Lot Size
3,000 sqft lot
Basement Area
- sqft
MLS Name
Spokane MLS
MLS Number
202626555
MLS Status
New
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Interior
Heating
Electric, Baseboard
Construction
Year Built
Year Built: 1901
Home type
Multi Family
Architectural Style
Contemporary
Construction Materials
Brick Veneer, Siding
Roof
Composition
Utilities & Energy
Basement
Full, Finished, Daylight, Laundry, Walk Out Access
Parking Features
None
Association Amenities
None
Other Features
Lot Features
Fenced Yard, Level, Open Lot, Cul De Sac, Oversized Lot
Price History
| Date | Event | Price |
|---|---|---|
11/02/2026 Source: | Listed for Sale | $249,900 $38/sqft |
11/01/2026 Source: | Listing Removed | $249,900 $38/sqft |
09/22/2026 Source: | Price Decreased | $249,900 -30.76% $38/sqft |
09/15/2026 Source: #SAR202622933 | Price Decreased | $360,900 -14.05% $56/sqft |
09/07/2026 Source: | Price Decreased | $419,900 -10.64% $65/sqft |
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Based on information from the Spokane Association of REALTORS® through Nov 02, 2026, 02:15PM as submitted to and distributed by MLS GRID. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. ©2026 Spokane Association of REALTORS®. All Rights Reserved.
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