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518 S Elm St

Spokane, WA 99220
  • $249,900
  • STATUS: Active
  • ON SITE: 30 Days
  • ID#: 202624145
UPDATED: 60 min ago
$249,900
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,500
    SQFT
  • $38
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1901
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

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.

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© 2026 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2026-10-12T07:20:44.28.
www.topagentteam.com/homes/181118111
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518 S Elm St Spokane, WA 99220

  • Price: $249,900
  • Status: Active
  • On Site: 30 Days
  • Updated: 60 min ago
  • ID#: 202624145
0
Beds
0
Baths
0
½ Baths
0.07
Acres
6,500
SQFT
$38
$/SQFT
1901
Built
Neighborhood:
A220/040
County:
Spokane
Area:
A220/040
Elementary School:
Roosevelt
Middle School:
Sacajawea
High School:
Lewis & Clark
School District:
Spokane Dist 81
Property 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.
Exterior Features

Architectural Style Contemporary Carport Spaces 0 Construction Materials Brick VeneerSiding Lot Features Fenced YardLevelOpen LotCul-De-SacOversized Lot Parking Features None Road Frontage Type City StreetPaved Road Roof Composition

Interior Features

Basement FullFinishedDaylightLaundryWalk-Out Access Basement YN Yes Heating ElectricBaseboard

Property Features

Additional Parcels YN Yes Association Amenities None Building Area Total 6500 Electric Breakers Listing Terms ConventionalCash Property Sub Type Residential Income Structure Type Two Story View City

Listing provided courtesy of Kelly Right Real Estate of Spokane: .


© 2026 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2026-10-12T07:20:44.28.
 
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25 N Napa St.
Spokane WA, 99202