Presented by: Kidder Mathews and NWMLS
Property Description
Lincoln Heights Manor presents a compelling value-add opportunity in one of Spokane’s most desirable neighborhoods. This well-maintained 36-unit community offers a mix of primarily spacious 2-bedroom apartments and 3-bedroom townhomes featuring private balconies or patios. Residents enjoy a convenient location within walking distance of shopping, schools, parks, employment, and a variety of everyday amenities. In addition to its strong location and attractive unit mix, the property offers further upside through the potential conversion of the existing clubhouse into an additional residential unit.
Interior Features
Bedrooms
Bedrooms Possible70
Bedrooms Upper0
Bathrooms
Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2
General
AmenitiesCoin Op Laundry
Building Area Units0 sqft
Cap Rate5.78
Carport Spaces38
Carport Y/NNo
CitySpokane
CoolingNone
CountySpokane
Directions3115 E 29TH AVE, SPOK ANE, WA
Electric Expense24302
Fuel Expense24302
Garage Spaces0
HOANo
HOA Fee$0
HeatingBaseboard
High School DistrictSpokane
Insurance Expense26825
Leasable Area31,000 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet72,596 sqft
Lot Size UnitsSquare Feet
MLS Area561 - Spokane County
NWM_ShowMapLinkY
Net Operating Income259875
New ConstructionNo
Number Of Units Total3
PossessionClosing
Possible UseMulti-Family
Property ConditionVery Good
Property Style56 - 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksLincoln Heights Manor presents a compelling value-add opportunity in one of Spokanes most desirable neighborhoods. This well-maintained 36-unit community offers a mix of primarily spacious 2-bedroom
RoofFlat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameSpokane
Tax Annual Amount$37,112
Tax Year2026
Units Below Gradefalse
Units In Building Total36
ViewCity
Virtual TourClick here
Water Sewer Garbage24302
Year Built1970
Zoning DescriptionMulti-Family
Exterior
Building Area Total31,100 sqft
Covered Spaces0
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot Dimensions72596
Lot FeaturesSidewalk, Value In Land
Lot Size Acres1.6666
Parking Uncovered Total16
Total Parking16
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
N/A
High School
N/A
Middle School
N/A
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914 15th St #1
Anaccortes, WA 98221
Anaccortes, WA 98221