5397 N Lincoln St, Spokane, WA 99205
- $509,000
- 4
- BD
- 3
- BA
- 1,756
- SqFt
- List Price
- $509,000
- MLS#
- 202620767
- Status
- ACTIVE
- Bedrooms
- 4
- Bathrooms
- 3
- City
- Spokane
- Acres
- 0.07
- Living Area
- 1,756
Property Description
Brand-new 2-unit home, now complete, with a potential effective monthly payment around $1,300 when living in the 1 bedroom unit! This beautifully finished home has 2 distinct units: a 3 bed, 2 bath with a tenant already in place (paying $1,995/month plus all utilities); and a comfortably sized 1 bed / 1 bath residence. That's built-in income covering the bulk of your payment from day one! Efficiently laid out & spacious, with all amenities on one level. Being a duplex adds flexibility beyond a home with an ADU (separate meters, financing advantages, etc.), making it easy to hold as a long-term investment. Look at the numbers: occupy the 1BR & keep the 3BR tenant - P&I payment should be around $900/mo (based on 10% down & 6.5% ratemaking it easy to hold as a long term investment. If you’re looking for a lower payment, don’t settle for a smaller, older home with constant repairs. Use the affordability hack they’ve done for years in Seattle & Portland. Buy new, build equity, and let the second unit work for you!
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Additional Information
- Terms
- FHA, VA Loan, Conventional, Cash
- Year Built
- 2026
- School District
- Spokane Dist 81
- Elementary School
- Madison
- Middle School
- Salk
- High School
- Shadle Park
- New Construction
- Yes
- Frontage
- City Street, Paved Road
- Area/Grid
- NW Urban N I-90
- MLS Area/Grid#
- A330/005
- Acres MOL
- 0.07
- Lot Size
- 3,100
- Basement
- Crawl Space, None
- Master Bedroom
- Wlkin Clst, 3/4 Bath, 1st Flr
- Features
- Breakers,200 AMP
- Heating/Cooling
- Electric, Forced Air
- Lot Information
- Fencing, Sprinkler - Automatic, Level, Surveyed
- Style
- Craftsman
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Listing courtesy of SARMLS / Windermere City Group
Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.