Kidder Mathews Sells Spokane Rooming House Near Gonzaga University

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Max Frame of the Simon and Anderson team, a multifamily investment team at Kidder Mathews, represented the seller in the sale of a 15-bedroom rooming house in Spokane, Washington, located two blocks from Gonzaga University for $880,000. This is the Simon and Anderson team’s seventh sale of the year, four of which were sold by Frame in Spokane County.

Located at 418 E. Mission Avenue, the property features an estimated 6,000 square feet of living space including 15 bedrooms. It is one of the largest rooming houses in Spokane’s University District. The complex was built in 1905 with an additional annex built in 1978 and was vacant at the time of sale, giving the buyer multiple leasing opportunities ahead of the 2024/2025 school year.

“With consistent communication from all parties, this was an extremely smooth transaction in a very volatile market,” said Frame. “We were able to source the buyer within a week of marketing the property and closed 35 days from going under contract. Both buyer and seller were great to work with.”

About Max Frame
Working out of Kidder Mathews’ headquarters in Seattle, Washington, Max Frame specializes in representing sellers and buyers in the sale of Eastern Washington apartments. Born and raised in Eastern Washington, he combines his local knowledge and expertise of these markets with Kidder Mathews’ national exposure and outreach. Frame works with Executive Vice Presidents Dylan Simon and Jerrid Anderson of the Simon and Anderson team.

About the Dylan Simon and Jerrid Anderson apartment brokerage team
The apartment brokerage team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents apartment investors, developers, and landowners in the sale and purchase of apartment buildings and development land across the entire State of Washington. The team of 10 brokerage professionals specializes in the sale and purchasing of apartment buildings and development land from $1 million to more than $100 million. For more information, visit simonandersonteam.com.

About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with over 900 real estate professionals and staff in 19 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. The firm performs $10 billion in transactions, manages 51 million square feet of space, and conducts 2,600 appraisal, consulting, and cost segregation assignments annually (3-year average). For more information, visit kidder.com.

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