3115 E 29th Ave - Apartments FOR SALE


Spokane, WA 99223- Lincoln Heights
$4,500,000 USD
509-494-3116
3115 E 29th Ave, Spokane, WA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/13
null | 5.78% Cap Rate

3115 E 29th Ave
Spokane, WA 99223
Lincoln Heights


HIGHLIGHTS

  • Well-maintained, prime value-add opportunity
  • Located in one of Spokane's most sought-after neighborhoods, Lincoln Heights
  • Primarily large 2-bedroom units and 3-bedroom townhomes
  • Quaint, private units featuring balconies and patios
  • Walking distance to shopping, schools, parks, jobs and more
  • Potential to convert the clubhouse into an additional unit

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$294 USD /SF

# OF UNITS

36

PRICE/UNIT

$125,000

CAP RATE

5.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lincoln Heights Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

-

APN/PARCEL ID

35273.0026

ASK ABOUT THIS PROPERTY

Max FrameKidder MathewsMore Info
509-494-3116

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Max FrameKidder MathewsMore Info
509-494-3116

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.