What is the asking price for Lincoln Apartments?

The lease rate for space here is Contact for pricing.

What is the total size of Lincoln Apartments?

The property has a total square footage of 7,615 SF.

When was this property built?

Lincoln Apartments was built in 1905.

How many parking spaces are available at Lincoln Apartments?

Parking information for the property isn't currently listed. However, other nearby parking options include Washington Lot, located 0.52 miles away , and Parkrite, which is 0.80 miles away.

1414 N Lincoln St, Spokane, WA 99201

For Sale $799,950
Property Type Multi-Family
Property Size 7,615 SF
Units 9
Lot Size 0.16 Acre
Building Class A
Year Built 1905
Date Updated Sep 19, 2026

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

100% Occupied: All units are currently rented and professionally managed, providing strong in place performance
Additional Land Available: Adjacent 0.16 acre parcel zoned RHD 55 is also available for purchase
Turnkey Investment: Recent capital improvements reduce near term capital needs for new ownership
Utility Expense Reduction: Ownership currently pays all utilities, creating an opportunity for a new owner to separately meter gas and electricity and implement a RUBS program to recover water, sewer, and garbage expenses
Value Add Opportunity: Upside potential through rent increases, unit renovations to support additional rental growth, and acquisition of the adjacent land