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
Spokane MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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