Property Details

822 E Baldwin Ave
Spokane, WA 99207
$750,000
CBA# 710076 courtesy of CBA Listing firm: Black Commercial, Inc.

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822 E Baldwin Ave, Spokane

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Commercial
Property Type
4,466
Bldg Sq Ft
7
Units
6.00%
Cap Rate
1961
Year Built

Property Overview

Excellent opportunity to acquire a well-located 7-unit apartment property just minutes from Gonzaga University in Spokane, Washington. This attractive multifamily asset sits in one of Spokane’s most consistent rental markets, benefiting from strong demand driven by the university, nearby medical centers, and downtown employment.The property offers a desirable unit mix ideal for student housing or workforce tenants, with easy access to campus, downtown Spokane, restaurants, shopping, and public transportation. Its proximity to Gonzaga makes it highly appealing to students, faculty, and young professionals seeking convenient housing close to the university.Investors will appreciate the steady rental demand in this submarket and the potential for future rent growth. The property provides an opportunity for both stable cash flow and long-term appreciation in a location where multifamily inventory remains limited.Whether you are looking to expand your multifamily portfolio or secure a well-positioned asset in one of Spokane’s most reliable rental corridors, this 7-unit property offers a compelling combination of location, demand, and investment potential.

Property Details

Property Information

Property Type Commercial Sale
Status Available
County Spokane
Listed Aug 3, 2026

Financial Summary

Cap Rate 6.00%

Building & Use

Building Sq Ft 4,466
Total Units 7
Zoning CC1
Possible Use Multi-Family
Year Built 1961

Exterior & Lot

Year Built 1961

Location

City Spokane
County Spokane
Coordinates 47.67550, -117.39700
Listed By
James Black III
Black Commercial, Inc.

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