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Listed by Jordan Lester • SVN Cornerstone
$ 799,950
Est. payment /mo
Pending
1414 N LINCOLN St Spokane, WA 99201
6,969 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Residential Income
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 202626855
Year Built 1905
Lot Size 6,969 Sqft
Lot Dimensions 0.16
Property Sub-Type Residential Income
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. Highlights All units are currently rented and professionally managed, providing strong in place performance Recent capital improvements reduce near term capital needs for new ownership Additional Land Available: 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
Location
State WA
County Spokane
Rooms
Basement None
Interior
Heating Electric
Exterior
Parking Features Detached
Amenities Available None
View Y/N true
Roof Type Shake
Building
Structure Type Brick
Schools
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
NEARBY SCHOOLS & PROPERTIES
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Leah Clawson
Agent License ID: 26006936