A 2004 article in the Gonzaga Bulletin newspaper references the home at 803 E. Sharp and the likely end of "803" a well-known party house for Gonzaga students. And, while I'm not sure if the parties ever did start back up in the rental home it does still stand on the northeast corner of Sharp & Cincinatti.
Rendering of the planned new apartment building, courtesy of Farr Group and Trek Architecture.
But likely not for too much longer as a large new apartment building is presently in development for the site. Current plans call for construction to start in late summer for a new 4 story multi family structure to be built on the site providing 17 new apartments. The building will provide student housing as it's located across the street from campus.
The project is being developed by Farr Group NW, a general contractor has not yet been picked but architectural work is being done Trek Architecture.