518 S Elm St, Spokane, WA 99220

$360,900

SAVE TOUR THIS HOME

47 Photos

New to the Market Active Price Reduced by $59,000 on September 15th, 2026

BEDS6 BATHS4 SQUARE FEET6,500 MLS#202624145

STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLSpokane Dist 81

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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.

518 S Elm St | MLS# 202624145

This multi-family property located at 518 S Elm St, Spokane, WA 99220 is currently listed for sale with an asking price of $360,900. S Elm St is located within the Spokane Dist 81 school district. Search Spokane real estate on www.spokanehomegirl.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Yes

Basement: Full, Finished, Daylight, Laundry, Walk-Out Access

Fenced: Yes

Roof Type: Composition

Stories: 2.0

Year Built: 1901

Feature Descriptions

Association Amenities: None

Days on Site: 4

Exterior: Brick Veneer, Siding

Heating/Cooling: Electric, Baseboard

Lot: Fenced Yard, Level, Open Lot, Cul-De-Sac, Oversized Lot

Parcel#: 25241.4717

Parking: None

Special View Info: City

SQ. FT. Total: 6500

Local Schools

High School: Lewis & Clark

Middle School: Sacajawea

Elementary School: Roosevelt

School District: Spokane Dist 81

Listed By / Shown By

Listed By

Agency Name: Kelly Right Real Estate of Spokane

Shown By

Agent Name: Julie Kuhlmann
Agent Phone: (509) 216-1182
Agency Title: Coldwell Banker Tomlinson

Estimate Your Payment

Estimated Payment

$ 908.47 per month $803.21 Principal & Interest $0.00 Property Tax (data not provided by mls) $105.26 Homeowner's Insurance

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518 S Elm St, Spokane, WA 99220

$360,900

SAVE TOUR THIS HOME

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 09/15/2026. The listing information on this page last changed on 09/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 09/15/2026 7:20:10 PM EST) or Coeur dAlene MLS (last updated Tue 09/15/2026 7:18:00 PM EST) or Spokane MLS (last updated Tue 09/15/2026 7:16:47 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Tomlinson may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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