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6,500 sqft

$249,900

518 S Elm St, Spokane WA, 99220

Price per sqft$38.45
Built in1901
Property size6,500 sqft
Property typeResidential
Courtesy of Kelly Right Real Estate of Spokane, Alena Kanifolsky Listing Contact: 509-489-7000

Overview

Active

Listed Sep 11, 2026

Updated 13 days ago

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.

$1,663/mo

Est. mortgage payment based on a $249,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202624145

Interior Features

Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.07 Acres

Other Property Details

View
Yes

Listings courtesy of WA - Spokane Association of REALTORS (SAR) as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Katie McDaris Marks shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 3:31 AM UTC on 9/30/2026. All data is obtained from various sources and may not have been verified by 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.

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