1414 Lincoln, Spokane, WA 99201
Courtesy of SVN Cornerstone Commercial
- $799,950
- 7,615
- SqFt
- List Price
- $799,950
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- 26-9520
- Subtype
- Residential Income
- Style
- Multi Level
- Year Built
- 1905
- Living Area
- 7,615
- Lot Size
- 6,969
- Acres
- 0.16
- Subdivision
- N/A
- Neighborhood
- N/A
- MLS Area Major
- Washington Counties
Property Description
SVN Cornerstone is pleased to present the Lincoln Apartments for sale, located at 1414 N Lincoln St in Spokane's Emerson Garfield neighborhood. The property consists of 9 units, including 1 2bed/1bath unit, 7 1bed/1bath units, and 1 studio, along with common laundry facilities for tenants. Recent capital improvements include doubling the building's electrical capacity with the addition of a second electrical panel, removing knob and tube wiring from 3 second floor units, replacing the roof in July of 2020, and installing a new boiler in January 2026. Highilights All units are currently rented and professionally managed, providing strong in place performance Recent capital improvements reduce near term capital needs for new ownership Adjacent 0.16 acre parcel zoned RHD 55 is also available for purchase Utility Expense Reduction Upside potential through rent increases, unit renovations to support additional rental growth, and acquisition of the adjacent land
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Additional Information
- Taxes
- $6,932
- Property Description
- Multi Level
- Zoning
- RHD-55
- Heating
- Furnace, Electric
- Roof
- Concrete
- Foundation
- Block
- School District
- Other
- View
- None