Lara McHenry
REALTOR®, CPRES, ABR, WCR, CHMS
BEDS0
BATHS0
SQUARE FEET7,615
MLS#26-9520
STATUS
PROPERTY TYPEMulti Unit - Multiple
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.HighilightsAll units are currently rented and professionally managed, providing strong in place performanceRecent capital improvements reduce near term capital needs for new ownershipAdjacent 0.16 acre parcel zoned RHD 55 is also available for purchaseUtility Expense ReductionUpside 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
Heating: Electric, Furnace
Lot Size: 0.16 Acres
Roof Type: Concrete
Taxes: $6,932
Year Built: 1905
Feature Descriptions
Days on Site: 12
Exterior: Concrete
Foundation: Block
Foundation: Block
Lot: Level
Road: Paved
Sewer: Public Sewer
Water: Public
Listed By / Shown By
Listed By
Agency Name: SVN Cornerstone Commercial
Shown By
Agent Name: Lara McHenry
Agent Phone: (509) 995-0074
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 2,591.33 per month $1,780.34 Principal & Interest $577.67 Property Tax $233.32 Homeowner's InsuranceChange Payment Information
©2020 Coldwell Banker Real Estate LLC. All Rights Reserved.
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.
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# 26-9520
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. Search Spokane real estate on www.spokanehousepro.com today.