$799,950
Spokane, WA 99201
MLS# 26-9520
7615 sqft
1 / 9
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
Details
Maps
Documents
Contract Information
Status: Active
Listing Type: Multi Family
Area: Washington Counties
Neighborhood Grid #: 700
Begin Date: 2026-09-18
List Price: $799,950
Short Sale: No
REO: No
General Property Description
Realtor.COM Type: Multi-Family
Number of Units: 9
Building Style: Multi Level
Basement: No
Garage Stall: None
Total SqFt.: 7615
ESTIMATED SqFt Source: Assessor
SqFt Per: Bldg
Year Built: 1905
New Construction: No
Lot Acres: 0.16
Lot Type 1: Duplex/Multi
Legal and Taxes
Legal: STRATTONS ADD L9 B23
AIN/Tax Bill: 35182.0709
Parcel Number: 35182.0709
School District: Other
Zoning: RHD-55
Directions: Head north from downtown Spokane on N Monroe St, turn right onto W Sharp Ave, and take an immediate left onto N Lincoln St
Taxes: 6932.16
Tax Year: 2025
Taxes Reflect 1: Estimate
Subdivision: N/A
Remarks
Public Remarks: 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
Address
Street Number: 1414
Street Direction Pfx: N
Street Name: Lincoln
Street Suffix: St
State/Province: WA
Postal Code: 99201
County: Spokane
Miscellaneous
Sec: 18
Twn: 25
Rng: 43
Rng Dir: EWM
Property Subject To
CC&Rs: No
Homeowners Assoc: No
LID: No
Non-Mtg Lien: No
Flood Zone: No
Aircraft Flight Zone: No
Fire Protection Dist: Yes
Showing Instructions
Showing Service Name: None
Property Features
View: None
Lot Features: Level
Fuel: Electric
Heating: Furnace
Basement: None
Foundation: Block
Construction: Brick; Concrete
Exterior: Concrete
Roof: Concrete
Road: Paved
Sewer: Public Sewer
Terms Considered: Cash; Conventional
Showing Instructions: Call List Agent
Property Brochure Listing Office: SVN Cornerstone Commercial
Last Updated: September - 18 - 2026
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Coeur d'Alene MLS and Broker/Participants of the Coeur d'Alene MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Thursday 24th of September 2026 08:10 AM
