Max Frame Of Kidder Mathews Represents Sale Of Two Spokane Multifamily Properties For $4.3M
155 South Oak Street & 1905 West 2nd Avenue
$4,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 20, 2025
AI
Two historic multifamily properties located at 155 South Oak Street and 1905 West 2nd Avenue in Spokane, WA were sold for a combined total of $4.3 million. The sale involved 52 units, with a price per unit of $82,692.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Units: 52
- Price Per Unit: $82,692
- Market: Spokane, WA
- Broker: Max Frame - Kidder Mathews
The transaction consisted of the Oak Apartments and Elm Apartments, both located in Spokane’s Brownes Addition, highlighting their significance as historic multifamily assets in the region.
Players
Spokane MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93