Residential Income Property with
New
For Sale
$1,050,000
170 S Lincoln St, Spokane, WA 99201
Residential Income, Spokane, WA
Property Size4,189 SF
Price / SF$250.66
Days on Market3
Property Features for 170 S Lincoln St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Laundry Room, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Utility Room, Bathroom 2, Bedroom 4
Parking features
Offsite, Alley, Open
Interior features
Sauna, Hot Water, Smart Thermostat, Kitchen Island, In-Law Floorplan
Fireplace
1
Appliances
Free-Standing Range, Gas Range, Dishwasher, Refrigerator, Disposal, Microwave, Washer, Dryer
Lot features
Views, Level, Corner Lot
Elementary school
Roosevelt
Middle school
Sacajewea
High school
Lewis & Clark
Elementary school district
Spokane Dist 81
Directions
GPS works
Standard status
Active
APN
35192.1922
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
gas fireplace
walk-in closet
luxury bath
separate workroom
Viking refrigerator
newly installed range and oven
Building Details
Year built
1910
Floors in Building
1
Number of units
2
Flooring type
Wood
Building materials
Brick
Roof type
Flat
Architectural style
Contemporary
Listing Agency:
Realty One Group Eclipse
(509) 327-2238
Listed By:
Todd Bunger
(509) 850-0530
Added: Oct 9
Last Checked: Oct 11 at 11:06PM
MLS# 202625553
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Set on the second floor of a 1910 brick building, this 4,189-square-foot residence includes four bedrooms and three bathrooms. A private elevator opens to the full-floor home, where 11-foot ceilings and 8-foot doors shape the interior. The kitchen has a Viking refrigerator, range, and oven; the primary suite includes a gas fireplace, walk-in closet, and renovated bathroom.
A separate workroom has its own entrance and bathroom. The property is near downtown dining, shopping, entertainment, medical facilities, and Riverfront Park.
A separate workroom has its own entrance and bathroom. The property is near downtown dining, shopping, entertainment, medical facilities, and Riverfront Park.
Key Highlights
- 4,189‑square‑foot residence occupying the building’s second floor
- Four bedrooms and three bathrooms
- 1910 brick building with 11‑foot ceilings and 8‑foot doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,664
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,280
$833.3K
Cap Rate 7%
$595,200
$595.2K
Cap Rate 9%
$462,933
$462.9K
Market Conditions
NOI Build-Up for 4,189 SF
Gross rent
$80.9K $19.32/SF
− Vacancy
−$5.2K −$1.24/SF
EGI
$75.8K $18.08/SF
− OpEx
−$34.1K −$8.14/SF
NOI
$41.7K $9.95/SF
Area
Spokane, WA
Vacancy
6.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,280
Cap Rate 7%
$595,200
Cap Rate 9%
$462,933
Alternative Uses
Best Use
Apartment 5plus
$595.2K
$520.8K – $694.4K
NOI $41,664 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$945.7K – $1.26M
NOI $75,653 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,072
Businesses Nearby
Explore this area
Business Placement
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
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - A separate-entry workroom offers additional space within a full-floor residence.
Where is this residential income property located?
The property is located at 170 S Lincoln St Spokane, WA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 4,189‑square‑foot residence occupying the building’s second floor; Four bedrooms and three bathrooms; 1910 brick building with 11‑foot ceilings and 8‑foot doors
