Spokane Valley-based Community First Properties 10 LLC has bought for $1 million the Pioneer Pathway House, a low-income multifamily housing complex at 224 S. Howard downtown.
The 115-year-old building was previously owned by Pioneer Human Services, a Seattle-based nonprofit, that has owned the facility since 2008, tax documents show.
Tyler Vinson, owner of Spokane Valley-based real estate brokerage Extant Co. LLC, operates Community First Properties in addition to a related property management company, Green Mountain Properties LLC, according to records on file with the Washington state Department of Revenue.
Max Frame, of Seattle-based commercial real estate brokerage Kidder Mathews, represented Pioneer Human Services in the transaction.
Bob Thompson, director of real estate planning and development at Pioneer Human Services, says in a press release announcing the sale that the organization hoped to keep the building as an affordable housing option in the community, and the buyer plans to do so.
Representatives of Pioneer Human Services and Extant Co. LLC couldn’t be reached immediately for further comment.
The property has 39 residential units, including five studios, and 34 single-room occupancy apartments, which are dorm-style, private living spaces with shared bathrooms. Building amenities include secured access, coin-operated washers and dryers, and a community room, according to Pioneer’s website.
The five-story building has a total of 21,300 square feet.
In Spokane, Pioneer Human Services operates the 40-unit Phoenix House, at 703 E. Hartson, which provides transitional housing for people with behavioral health conditions, and The Carlyle, a 74-unit facility for low-income individuals, at 206 S. Post.