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Seattle & Northwest  + Washington  + Apartments  | 

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.

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Inside The Story

Kidder Mathews' Frame

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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