Max Frame, part of the Simon and Anderson team at Kidder Mathews specializing in multifamily investments, successfully represented the seller in the sale of an eight-unit apartment complex located in Spokane Valley. The property was sold for $775,000 through a competitive marketing strategy that generated multiple offers from interested buyers. A local investor from Spokane ultimately purchased the property.
According to Frame, there has been an increase in activity within Eastern Washington’s apartment market since 2024 began. This is particularly evident in Spokane where several listings have recently become available.
The value-add building was constructed in 1956 and is situated on North Park Road near both Spokane and Spokane Valley. Its prime location makes it highly desirable for tenants looking to pay strong rental rates.
The seller praised Max and his team’s expertise by stating that their realtor family has worked with them numerous times before. This successful transaction further solidifies Kidder Mathews’ reputation as a top-performing commercial real estate firm.
