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SRO Apartments Sell to Local Owner in Spokane
Max Frame of the Simon and Anderson Team, a multifamily investment team at Kidder Mathews, sold the Pioneer Pathway House Apartments in Spokane, WA for $1,000,000. Kidder Mathews represented the seller and were the only brokers involved.
The Pioneer Pathway House Apartments, located at 224 S. Howard St., were designated as a low-income, affordable housing complex. Built in 1908, the property is comprised of 39 residential and two commercial units.
The majority of units are SRO (Single Room Occupancy) dorm-style private living spaces with shared bathrooms. The buyer, a Spokane local, plans to continue to operate the building as an affordable housing apartment building.
Following a record-setting 2022 that consisted of 54 closed transactions, Frame and the Simon and Anderson team recorded their 12th sale year-to-date with this transaction.
- ◦Sale/Acquisition


