206 S Post ST, Spokane, WA 99201
206 S Post ST, Spokane, WA 99201
206 S Post ST, Spokane, WA 99201
206 S Post ST, Spokane, WA 99201
206 S Post ST, Spokane, WA 99201
206 S Post ST, Spokane, WA 99201
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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787
Listed by:Kidder Mathews • Max Frame
$ 6,400,000
Est. payment | /mo

74 Beds

76 Baths

56,800 SqFt

Save Virtual Tour
$ 6,400,000
Est. payment | /mo
Save Virtual Tour

74 Beds

76 Baths

56,800 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 56,800 sqft

Price per Sqft $112

Subdivision Spokane

MLS Listing ID 2595441

Style 56 - 10+ Units

Bedrooms 74

Year Built 1890

Annual Tax Amount $21,819

Lot Size 0.326 Acres

Lot Dimensions 14200

Property Sub-Type Multi Family

Property Description

Kidder Mathews is pleased to present 206 Flats, a 74-unit apartment community with three ground-floor commercial spaces located in the heart of Downtown Spokane. Originally constructed in 1890, this seven-story, 56,800 SF historic property has undergone millions of dollars in renovations, including updated electrical and plumbing systems, fire sprinklers, renovated unit interiors, and significant mechanical upgrades. The property features 60 studio apartments, 14 one-bedroom units, central air conditioning, shared laundry facilities, two elevators, and underground parking. 206 Flats offers investors a stabilized, income-producing asset with a history of 95%+ occupancy, established commercial tenants with long-term leases and annual rent increases, and additional upside through rental growth and potential repurposing of underutilized common areas. Ideally positioned near Spokane's Hospital District, University District, Riverfront Park, shopping, dining, and major employment centers, 206 Flats represents a compelling opportunity to acquire a renovated mixed-use investment property in Downtown Spokane.

Location

State WA

County Spokane

Area 561 - Spokane County

Interior

Flooring Laminate

Fireplace false

Exterior

Exterior Feature Brick

Garage Spaces 12.0

View Y/N Yes

View City

Roof Type Flat

Building

Sewer Sewer Connected

New Construction No

Schools

School District Spokane

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://simonandersonteam.com/listings/

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Schools & Businesses

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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787

Real Estate Firm License ID: 17634

Real Estate Firm License ID: 17634

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