Three-Unit Victorian
312 E BALDWIN Ave Spokane, WA 99207
For Sale
$389,900
MULTI_FAMILY - Victorian - Spokane, WA
Property Size2,112 SF
Lot Size0.17 Acres
Price / SF$184.61
Days on Market235
Property Features for 312 E BALDWIN Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 5
- Parking
- 1255
- Parking features
- Offsite, Alley
- Patio and Porch features
- Deck
- Basement
- Crawl Space
- Appliances
- Free-Standing Range, Refrigerator, Washer, Dryer
- Standard status
- Active
- APN
- 35083.1304
- Size
- 2,112 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3308
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Window Unit(s), Wall Unit(s)
Building Details
- Year built
- 1905
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Wood Siding
- Roof type
- Composition
- Architectural style
- Victorian
Listing Agency:
Realty One Group Eclipse
(509) 327-2238
Listed By:
Eric Rogers
(509) 327-2238
Added: Dec 2, 2025
Changed: Jul 23
Last Checked: Jul 25 at 5:06AM
MLS# 202527286
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 312 E Baldwin Ave in Spokane, this 1½-story Victorian provides three separate, spacious units under one roof. The property includes a storage shed with designated space for each unit, supporting practical day-to-day needs for tenants.
The listing describes the home as being in the Gonzaga University District, with a central location near bus routes and minutes away from downtown. Reported rental performance is noted in the listing remarks as having a good history.
On approximately 0.1722 acres and about 2,112 square feet, this multi-family residence is being offered for sale as an income-focused property with three distinct living areas.
The listing describes the home as being in the Gonzaga University District, with a central location near bus routes and minutes away from downtown. Reported rental performance is noted in the listing remarks as having a good history.
On approximately 0.1722 acres and about 2,112 square feet, this multi-family residence is being offered for sale as an income-focused property with three distinct living areas.
Key Highlights
- Three separate spacious units in a 1 1/2‑story Victorian home in the Gonzaga University District
- Built in 1905 with wood siding and a composition roof
- Includes in‑unit appliances: free‑standing range, refrigerator, washer, and dryer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $17.40 |
| − Vacancy | −$2.2k | −$1.06 |
| EGI | $34.5k | $16.34 |
| − OpEx | −$10.4k | −$4.90 |
| NOI | $24.2k | $11.44 |
2,112 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$345.1K
$302.0K – $402.7K
NOI $24,160 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$300.1K
$262.6K – $350.1K
NOI $21,006 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$544.9K
$476.8K – $635.7K
NOI $38,143 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
House baldwin
Housing Development
FAQs
What type of property is this?
Triplex - Victorian 1½-story triplex offers three separate units plus a storage shed with designated spaces.
Where is this triplex located?
The property is located at 312 E BALDWIN Ave Spokane, WA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Three separate spacious units in a 1 1/2‑story Victorian home in the Gonzaga University District; Built in 1905 with wood siding and a composition roof; Includes in‑unit appliances: free‑standing range, refrigerator, washer, and dryer
