3115 E 29th Ave, Spokane, WA 99223
- $4,500,000
- 31,100
- SqFt
Listing courtesy of Kidder Mathews.
- List Price
- $4,500,000
- Status
- ACTIVE
- MLS#
- 2571205
- Days on Market
- 23
- Style
- 56 - 10+ Units
- Building Condition
- Very Good
- Finished SqFt
- 31,100
- Area Total SqFt
- 31100
- Annual Tax Ammount
- 37112
- Lot Size (sq ft)
- 72,596
- Sewer
- Sewer Connected
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.
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Additional Information
- List Date
- 2026-08-19 15:18:13
- Community
- Spokane
- Net Operating Income
- $259,875
- Gross Adjusted Income
- $491,030
- Gross Scheduled Income
- $491,030
- Total Monthly Income
- $43,073
- Insurance Expenses
- $26,825
- Water/Sewer/Garbage Expenses
- $24,302
- Gross Rent Multiplier
- 17
- Total Expenses
- $231,155
- Cap Rate
- 5.78
- Total Number of Units
- 3
- Unit Name
- 3115
- Potential Terms
- Cash, Conventional
- Year Built
- 1970
- View
- City
- Roof
- Flat
- Electric Expenses
- 24302
- Other Expenses
- 94312
- Energy Source
- Electric
- School District
- Spokane
- Total Monthly Income
- $43,073
- Gross Scheduled Income
- $491,030
- Gross Adjusted Income
- $491,030
- Tax Year
- 2026
- Insurance Expense
- $26,825
- W/S/G Expenses
- $24,302
- Total Expenses
- $231,155
- Net Operating Income
- $259,875
- Gross Rent Multiplier
- 17
- Cap Rate
- 5.78
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.