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155 South Oak Street

Max Frame Of Kidder Mathews Represents Sale Of Two Spokane Multifamily Properties For $4.3M
SOLDMultiFamily

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

Max Frame

Kidder Mathews

Broker

$69.7M

vol

12 deals

Broker
Kidder Mathews
Kidder MathewsBrokerage

Spokane MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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