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Provided by NWMLS, Listed by Max Frame, 360-705-2800 at Kidder Mathews
56,800 sqft

$6,400,000

206 S Post Street, Spokane WA, 99201

Price per sqft$112.68
Built in1890
Property size56,800 sqft
Property typeMulti-family

Overview

Active

Updated 14h ago

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.

$42,579/mo

Est. mortgage payment based on a $6,400,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2595441

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.33 Acres

Other Property Details

Taxes
$21,819
Tax Frequency
Annually
Garage
Yes
View
Yes
55+/Senior Community
No
MLS provider logo

Provided by NWMLS, Listed by Max Frame, 360-705-2800 at Kidder Mathews

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 10/17/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 10/17/2026 at 4:13 PM UTC . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Data last updated on 10/17/2026 at 4:13 PM UTC 

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