5397 N Lincoln St, Spokane, WA 99205

• 4 beds |
• 3 baths |
• 1,756 sqft

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!

Listing Status:

Active

Data Last Updated:

July 22, 2026 at 3:17AM

Listing Office:

Windermere City Group : 509-939-7647

Listing Agent:

Erik Dordal : 509-939-7647

MLS ID:

202620767

Interior

• General: High Speed InternetSmart ThermostatIn-Law Floorplan
• Rooms: Utility Room
• Appliances: RangeDishwasherRefrigeratorMicrowaveWasherDryerHard Surface Counters
• Basement: Crawl SpaceNone
• A/C: Central Air
• Heating: ElectricForced Air
• Fireplace: Fireplaces: 0

Exterior

• Style: Craftsman
• Parking: Alley Access

Construction

• Roofing: Composition
• Windows: Vinyl Frames
• General: One Story

Location

• Road/Access: City StreetPaved Road
• Originating MLS: sarmls
• School District: Spokane Dist 81
• County: Spokane

Lot

• Zoning: 36313.3301

Utilities

• Utilities: Cable Available

Financial

• Source: sarmls