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Kidder Mathews Arranges Spokane Apartment Portfolio Sale
Max Frame of the Simon Anderson team, a multifamily investment team at Kidder Mathews, recently closed two apartment sales in Spokane, Washington. Frame represented the owner in selling both properties to one buyer.
Totaling $7,623,000, the sale included Lincoln Place, located at 912 W Lincoln Place, which achieved one of Spokane’s highest-ever price-per-door sales for value-add properties. The 12-unit multifamily complex, situated in the South Hill neighborhood, sold for $2,188,000. Coventry Estates, located at 3131 S Cook Street, is a 39-unit property in Spokane’s Lower South Hill that sold for $5,435,000.
“These transactions highlight the increasing interest in Spokane’s multifamily market, particularly for value-add opportunities,” said Frame. “With favorable market conditions and a renewed focus on Eastern Washington, we are seeing strong investor activity in this region.”
According to Kidder Mathews’ Q4 2024 Eastern Washington Apartment Market Dynamics report, released by Frame and the team earlier this week, the region is experiencing significant momentum.
