$450,000

505 E Baldwin Ave, Spokane, WA 99207

6 beds |
2 baths |
2,668 sqft

Single-Family Home
Built in 1903
6,098sqft lot
1 car garage
$169/sqft
Listed 7 days ago

Property Description

Fantastic Gonzaga-area investment property! Over 2,600 sq ft with 5 bedrooms, 2 baths, and two full kitchens plus a bonus room—perfect setup for student housing or multi-generational living. Current leases in place through June with tenants paying all utilities, offering a solid 5.25% cap rate. Lower level features exterior entrance and separate living space, ideal for privacy or dual-rental potential. Off-street parking, detached garage, fenced backyard with deck, and convenient access to Gonzaga, downtown, and the University District. Strong rental history and steady performance make this a turnkey opportunity for investors or parents looking for housing options near campus.

Listing Status:: Active
Listing Office:: Keller Williams Realty Coeur d : 509-922-7355
Listing Agent:: Seth Maefsky : 509-922-7355
MLS ID:: 202526081

General: High Speed InternetAlum Wn FrWindows VinylIn-Law Floorplan
Rooms: Utility Room
Appliances: Free-Standing RangeDishwasherRefrigerator
Basement: FullFinishedRec/Family AreaLaundryWalk-Out Access
Heating: Natural GasForced Air
Fireplace: MasonryFireplaces: 0

Style: Craftsman
Parking: DetachedCarportSlabAlley Access

Roofing: Composition
Windows: Bay Window(s)
General: One and a Half Story

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

Zoning: 35083.1010

Source: sarmls

This listing courtesy of Seth Maefsky, Keller Williams Realty Coeur d

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Logan Elementary School

1001 E Montgomery Ave, Spokane, WA, 99207

Grades PK-5

0.42 miles away

Yasuhara Middle School

, Spokane, WA, 99201

Grades 6-8

0.58 miles away

North Central High School

1600 N Howard St, Spokane, WA, 99205

Grades 9-12

0.85 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.