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9-Unit Apartment Building
For Sale
$799,950

1414 Lincoln, Spokane, WA 99201

Common laundry and a varied studio, one-bedroom, and two-bedroom unit mix serve the property’s residents.

Property Size7,615 SF
Price / SF$105.05
Days on Market18

Property Features for 1414 Lincoln

General Information

Standard status Active
Size 7,615 SF
Property subtype Residential Income
Zoning RHD-55
Occupancy 100%

Units

Unit Mix 1 x 2BR/1BA, 7 x 1BR/1BA, 1 x studio
Multifamily Units 9

Taxes and HOA fees

Annual Taxes $6,932

Amenities

common laundry facilities
Floor Furnace, Electric
Paved

Building Details

Building Size 7,615 SF
Year Built 1905
Listing Agency: SVN Cornerstone Commercial
Listed By: Jordan Lester · License #1271842
Source: Evrealestate
Added: Sep 18 Changed: Sep 28 Last Checked: Oct 5 at 6:05PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Cornerstone Commercial

Investment Insights

Based on property information with market context.

This 9-unit apartment building includes seven 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and a studio. Shared laundry facilities are available to residents. Building updates include a roof replacement in July 2020, a second electrical panel that doubled electrical capacity, and removal of knob-and-tube wiring from three second-floor units. A new boiler was installed in January 2026.

All units are rented, and the property is professionally managed. An adjacent 0.16-acre parcel zoned RHD 55 is also available for purchase.

The unit mix spans studio, one-bedroom, and two-bedroom layouts, with common laundry serving the building.

Key Highlights

  • 9 apartments: seven 1‑bedroom/1‑bath units, one 2‑bedroom/1‑bath unit, and one studio
  • All units are rented and professionally managed
  • Common laundry facilities for residents

Property Analytics

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Current Use

Quality Affordable Auto ... Financial Advisor

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service Carpet & Flooring Store Storage Facility Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

2,314
Businesses Nearby

Demographics for 99201, WA

15,716
Population
8,842
Households
1.8
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
5,239
Density / Sq Mi
$35,286
Median Household Income
$36,599
Median Earnings
$883
Median Rent
$259,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Common laundry and a varied studio, one-bedroom, and two-bedroom unit mix serve the property’s residents.
Where is this apartment building located?
The property is located at 1414 Lincoln Spokane, WA.
What is the asking price?
The asking price for this property is $799,950.
What are key features of this property?
This property features: 9 apartments: seven 1‑bedroom/1‑bath units, one 2‑bedroom/1‑bath unit, and one studio; All units are rented and professionally managed; Common laundry facilities for residents
More about this property
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