206 S Post Street, Spokane, WA 99201

Spokane
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: max frame
Office: kidder mathews
MLS#:2595441
Source:NWMLS
206 S Post Street,Spokane, WA 99201
$6,400,000
Virtual Tour
  • - Beds
  • - Baths
  • 56,800 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$6,400,000
  • Price per sq. ft.:$112.68

About this home

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...

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Home facts

  • Year built:1890
  • Subdivision & Development:Spokane
  • Listing ID #:2595441
  • Updated:October 21, 2026 at 12:05 PM

Rooms and interior

  • Flooring:Laminate
  • Living area:56,800 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Flat Roof
  • Year built:1890
  • Building area:56,800 sq. ft.
  • Lot area:0.33 Acres
  • Construction Materials:Brick Exterior Finish

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$6,400,000
  • Price per sq. ft.:$112.68
  • Tax amount:$21,819 (2026)

Parking

  • Garage:Yes
  • Garage spaces:12
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