Barb Christensen
BEDS0
BATHS
MLS#202624509
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSpokane Dist 81
Property Description
SVN Cornerstone is pleased to present the Lincoln Apartments for sale, located at 1414 N Lincoln St in Spokanes 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 buildings 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
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Roof Type: Shake
Year Built: 1905
Feature Descriptions
Association Amenities: None
Exterior: Brick
Heating/Cooling: Electric
Parking: Detached
Local Schools
School District: Spokane Dist 81
Listed By / Shown By
Listed By
Agency Name: SVN Cornerstone
Shown By
Agent Name: Barb Christensen
Agent Phone: (509) 979-2194
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 2,013.66 per month $1,780.34 Principal & Interest $0.00 Property Tax (data not provided by mls) $233.32 Homeowner's InsuranceChange Payment Information
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Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated.
Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. ©2020 of the Spokane Association of REALTORS® MLS. All rights reserved.
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1414 N Lincoln St | MLS# 202624509
This multi-family property located at 1414 N Lincoln St, Spokane, WA 99201 is currently listed for sale with an asking price of $799,950. N Lincoln St is located within the Spokane Dist 81 school district. Search Spokane real estate on www.barbchristensen.com today.