NOT LISTED FOR SALE
46 Beds
-- Bath
27,224 Sq Ft
10,000 Sq Ft Lot

Sale Details

Date Sold: October 8, 2025

Last sale price $2,650,000 $97 Per Sq Ft

152 Days on Market

About This Home

As of October 2025

Located in the heart of Brownes Addition—one of Spokane’s most desirable and historic neighborhoods—this well-maintained asset offers a rare chance to capture immediate and long-term value. With rents currently 21% below market and potential for a 37% increase through renovations, the property presents strong upside. Recent capital improvements, including a new roof and updated electrical panels, reduce near-term maintenance risk. Walkable access to transit and an optional 56-unit portfolio acquisition—including The Oak and Espanola Annex—make this an exceptional opportunity for scale and stability in a supply-constrained submarket.

Last Agent to Sell the Property

Max Frame

Kidder Mathews License #130533 Listed on: 05/08/2025

Last Buyer's Agent

Max Frame

Kidder Mathews License #130533 Listed on: 05/08/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2373176

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,740

Year Built

  • Built in 1907

Lot Details

  • 10,000 Sq Ft Lot
  • 25241.1607
  • Property is in good condition

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 27,224 Sq Ft Home
  • 3-Story Property

Utilities

  • Radiator

Community Details

  • No Home Owners Association
  • Spokane Subdivision

Listing and Financial Details

  • Assessor Parcel Number 25241.1607

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,740

Year Built

Built in 1907

Lot Details

10,000 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1907
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 27224
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2.0%
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: See Remarks
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Stucco
  • Exterior Features: Stucco
  • Foundation Details: See Remarks
  • Property Condition: Good

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Available
  • Water Source: Community
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator
  • Heating Yn: Yes
  • PowerCompany: Avista
  • SewerCompany: City of Spokane
  • WaterCompany: City of Spokane

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 15658

Schools

  • Junior High Dist: Spokane

Lot Info

  • Parcel Number: 25241.1607
  • Lot Size Acres: 0.2296
  • Lot Size Sq Ft: 10000
  • Additional Parcels Description: 25241.1607
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: County Assessor
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 8.44
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 30070

Tax Info

  • Year: 2025
  • Tax Annual Amount: 30740

Multi Family

  • Number Of Units Total: 31
  • Electric Expense: 15658
  • EnergySource: Electric
  • UnitsBelowGrade: true

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2025
Closed on
Oct 7, 2025
Sold by
Bought by
Seller's Agent
Max Frame
Kidder Mathews
Buyer's Agent
Max Frame
Kidder Mathews
List Price
$3,350,000
Sold Price
$2,650,000
Premium/Discount to List
-$700,000
-20.9%
Views
52

Purchase Details

Closed on
Nov 13, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,887,500
Interest Rate
4.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,000
Interest Rate
5.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 9, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
5.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2001
Sold by
Bought by

Purchase Details

Closed on
Jun 14, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,646,425 Stewart Title
$3,842,500 First American Title Ins Co
$924,528 First American Title Ins
$1,240,000 First American Title Ins
$1,235,000 Transnation Title Ins Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $3,300,000
Previous Owner $2,887,500
Previous Owner $300,000
Previous Owner $250,000
Previous Owner $693,000
Previous Owner $487,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/08/2025 10/08/25 Sold $2,650,000 -20.9% $97 / Sq Ft
05/08/2025 05/08/25 For Sale $3,350,000 0.0% $123 / Sq Ft
08/21/2023 08/21/23 Price Changed $800 0.0% $2 / Sq Ft
08/10/2023 08/10/23 For Rent $800 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $27,557 $2,530,400 $100,000 $2,430,400
2025 $30,740 $2,709,200 $100,000 $2,609,200
2024 $30,740 $3,106,100 $100,000 $3,006,100
2023 $27,571 $2,957,600 $100,000 $2,857,600
2022 $22,354 $2,826,400 $100,000 $2,726,400
2021 $24,080 $2,030,400 $70,000 $1,960,400
2020 $20,589 $1,672,500 $70,000 $1,602,500
2019 $12,497 $1,047,200 $70,000 $977,200
2018 $14,114 $1,016,300 $70,000 $946,300
2017 $13,500 $990,000 $70,000 $920,000
2016 $13,424 $963,200 $70,000 $893,200
2015 $14,025 $984,600 $70,000 $914,600
2014 -- $1,016,100 $90,000 $926,100
2013 -- $0 $0 $0
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2373176

Northwest Multiple Listing Service (NWMLS)
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