Multi Family Home
518 S Elm St
Spokane, WA 99220
$249,900
ActiveMLS® 202624145
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.
Interior
- Basement Full, Finished, Daylight, Laundry, Walk-Out Access
- Heating Electric, Baseboard
Exterior and Construction
- Style Contemporary
- Roofing Composition
- Construction Two Story
Land and Lot
- Lot size 0.07 acres (3,000 sq ft)
- View City
- Lot description Fenced Yard, Level, Open Lot, Cul-De-Sac, Oversized Lot
Location and Zoning
- Road/Access City Street, Paved Road
- County Spokane
- Neighborhood Downtown Spokane
- Zoning 25241.4717
Schools
- High School Lewis & Clark
- School District Spokane Dist 81
- Elementary School Roosevelt
- Junior High School Sacajawea
Tax and Legal
- Parcel number 25241.4717
Listing Information
- Listing Agent
- Alena Kanifolsky
- Listing Office
- Kelly Right Real Estate of Spokane
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