5397 N Lincoln St, Spokane, WA 99205

Listing courtesy of SARMLS / Windermere City Group

$509,000
: 4
BD
: 3
BA
: 1,756
SqFt

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List Price: $509,000
Status: ACTIVE
MLS#: 202620767
Subtype: Residential
Style: Craftsman
New Construction: Yes
Year Built: 2026
Bedrooms: 4
Bathrooms: 3
Living Area: 1,756
Lot Size: 3,100
Acres: 0.07
Neighborhood: Northtown Mall
MLS Area Major: NW Urban N I-90

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Property Description

Brand-new 2-unit home, now complete, with a potential effective monthly payment around $1,300 when living in the 1 bedroom unit! This beautifully finished home has 2 distinct units: a 3 bed, 2 bath with a tenant already in place (paying $1,995/month plus all utilities); and a comfortably sized 1 bed / 1 bath residence. That's built-in income covering the bulk of your payment from day one! Efficiently laid out & spacious, with all amenities on one level. Being a duplex adds flexibility beyond a home with an ADU (separate meters, financing advantages, etc.), making it easy to hold as a long-term investment. Look at the numbers: occupy the 1BR & keep the 3BR tenant - P&I payment should be around $900/mo (based on 10% down & 6.5% ratemaking it easy to hold as a long term investment. If you’re looking for a lower payment, don’t settle for a smaller, older home with constant repairs. Use the affordability hack they’ve done for years in Seattle & Portland. Buy new, build equity, and let the second unit work for you!

206-886-3986

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Additional Information

Interior Features: High Speed Internet, Smart Thermostat, In-Law Floorplan
Property Description: Craftsman
Appliances: Range, Dishwasher, Refrigerator, Microwave, Washer, Dryer, Hard Surface Counters
Stories: 1
Roof: Composition
School District: Spokane Dist 81
Elementary School: Madison
Middle School: Salk
High School: Shadle Park