942 E BALDWIN Ave Spokane, WA 99207
MULTI_FAMILY - Spokane, WA
- Added:
- Mar 19, 2026
- Days on Market:
- 116
- Last Refresh:
- Jul 12 at 8:06 am
Property Features for 942 E BALDWIN Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Alley
- Basement
- Full, Finished
- Standard status
- Active
- APN
- 35084.2402
- Size
- 2,745 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3863
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1951
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick
- Roof type
- Composition
Listing agent Todd Bunger (509) 327-2238
Listing office Realty One Group Eclipse 1414 W Garland #100, Spokane, WA (509) 327-2238
Listing date Mar 19, 2026
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 in Spokane’s Logan neighborhood near Gonzaga University, the property offers convenient access to downtown Spokane, schools, and surrounding amenities.
The flexible bedroom and basement configuration can work well for tenanting scenarios that benefit from shared occupancy, while the detached garage offers practical off-street utility beyond the main residence. With a brand new sewer line, HVAC/AC, and on-demand hot water tank, the home is positioned for straightforward ongoing operation and reduced mechanical turnover.
Key Highlights
- Fully updated 4‑bedroom, 2‑bath home in Spokane’s Logan neighborhood near Gonzaga University
- Finished basement adds extra living space and includes a bedroom set up (5th) plus a fitness room
- Garage includes 451 SF of additional space for hobbies, workspace, or storage
Local Financial Insights For Apartment 5plus
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 | $53.0k | $19.32 |
| − Vacancy | −$3.4k | −$1.24 |
| EGI | $49.6k | $18.08 |
| − OpEx | −$22.3k | −$8.14 |
| NOI | $27.3k | $9.95 |
