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1414-1418 N Lincoln St 9 Unit Apartment Building $999,999 ($111,111/Unit) Spokane, WA 99201
INVESTMENT HIGHLIGHTS
- Bus route
- Security system
- Great location, affordable living.
EXECUTIVE SUMMARY
Price Reduction! Seize this rare opportunity to own a fully leased multi-unit commercial property in the bustling core of Spokane! This 9-unit investment offers a diverse range of spaces catering to various tenants, from 450 sq. ft. to 800 sq. ft. Located on a high-traffic bus route, this property enjoys excellent visibility and accessibility, making it a desirable location for businesses and ensures strong tenant retention. With all units currently occupied, this turn-key investment delivers immediate cash flow and long-term stability. With the high-density zoning, there's plenty of opportunity to add more units to this lot as well! Don't miss out on this prime commercial asset—schedule a private showing today!
PROPERTY FACTS
| Price | $999,999 | Building Class | C |
| Price Per Unit | $111,111 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 8,451 SF |
| Gross Rent Multiplier | 84 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1905/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.18/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RHD-55 - High-density zoning, great additional development opportunities. | ||
| Price | $999,999 |
| Price Per Unit | $111,111 |
| Sale Type | Investment |
| Gross Rent Multiplier | 84 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 8,451 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1905/2024 |
| Parking Ratio | 1.18/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RHD-55 - High-density zoning, great additional development opportunities. |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Kitchen
- Refrigerator
- Range
- Smoke Free
SITE AMENITIES
- Laundry Facilities
- Security System
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | - | 800 |
| 1+1 | 7 | - | 650 |
| Studios | 1 | - | 450 |
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 35182.0709 | Improvements Assessment | $630,800 |
| Land Assessment | $49,700 | Total Assessment | $680,500 |
PROPERTY TAXES
Parcel Number
35182.0709
Land Assessment
$49,700
Improvements Assessment
$630,800
Total Assessment
$680,500
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1414-1418 N Lincoln St
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