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3270 North Lincoln Street

Marcus & Millichap Sells Lincoln Townhomes Multifamily Property In Spokane For $2.1M
SOLDMultiFamily

Marcus & Millichap Sells Lincoln Townhomes Multifamily Property In Spokane For $2.1M

3270 North Lincoln Street

$2,100,000

Building Size

Asset Type

MultiFamily

Closing

Sep 29, 2025

AI

A 10-unit multifamily property located at 3270 North Lincoln Street in Spokane, WA has been sold for $2,100,000. The property, known as Lincoln Townhomes, was constructed in 2017, making it a newer addition to the multifamily market. The price per unit was $210,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Units: 10
  • Price Per Unit: $210,000
  • Date of Sale: 10/29/2025
  • Market: Spokane, WA

Zach Howe from Marcus & Millichap represented the buyer in the transaction, who was completing a 1031 exchange, moving from a 1960s apartment to the newer townhomes that are utilizing third-party management services.

Players

Zach Howe

Marcus & Millichap

Broker

$3.8M

vol

2 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Spokane MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93