Marcus & Millichap Arranges the Sale of Lincoln Townhomes, a 10-Unit Apartment Building in Spokane, WA

SPOKANE, WA, September 25, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Lincoln Townhomes, a 10-unit apartment property located in Spokane, Washington, according to Joel Deis, regional manager of the firm's Seattle office. The asset sold for $2,100,000.

The buyer, a limited liability company, was secured and represented by Zach Howe, an investment specialist in Marcus & Millichap's Seattle office.

Lincoln Townhomes is located at 3270 N Lincoln St. in Spokane, Washington. The property was constructed in 2017 and consists of ten two-bedroom, one-and-a-half-bathroom townhome units averaging 1,050 square feet. The transaction was the up-leg to the buyer's 1031 exchange. They were motivated to trade out of a 1960's vintage apartment that they had owned and managed for 20 years and purchase a newer property with third-party management. Howe assisted them with the sale of their apartment complex in Ellensburg and sourced their 1031 exchange up-leg off-market in Spokane.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.