Gonzaga Area Investment
For Sale
$399,900
11 E Sinto Ave, Spokane, WA 99202
Residential Income, Spokane, WA
Property Size1,827 SF
Lot Size0.16 Acres
Price / SF$218.88
Days on Market160
Property Features for 11 E Sinto Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GC150
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 1, Laundry Room, Bedroom 5, Bedroom 1, Bathroom 2, Utility Room
Parking
5
Parking features
Alley, Offsite
Window features
Vinyl Frames
Interior features
High Speed Internet
Basement
Partial, Unfinished
Appliances
Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
Subdivision
Logan
Lot features
Fenced Yard, Sprinkler - Automatic, Level, Fencing
Elementary school
Logan
Middle school
Yasuhara
High school
North Central
Elementary school district
Spokane Dist 81
Directions
Between Division and Ruby. Across from Zips
Standard status
Active
APN
35172.0711
Size
1,827 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
3725
Utilities
Utilities
Cable Available
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1903
Floors in Building
2
Number of units
1
Building materials
Vinyl Siding
Roof type
Composition
Architectural style
Craftsman
Listing Agency:
Keller Williams Spokane - Main · Keller Williams Realty
(509) 458-4000
Listed By:
Bryan Swanson · License #102133
(509) 991-2120
Added: May 5
Changed: Oct 7
Last Checked: Oct 11 at 6:06PM
MLS# 202616744
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.
This 1,827 square-foot, five-bedroom, two-bath home is located near Gonzaga University in Spokane, WA. It has been rented to students for the past 21 years with zero vacancy. The property features vinyl siding, vinyl windows, a gas furnace, and central air conditioning. Recent updates include new flooring and interior paint. A main floor laundry/mud room is located off the back door. The property includes a fenced backyard and ample paved parking in both the front and back. Situated a few blocks from campus, the tenants are responsible for all utilities, including water, sewer, and garbage. The property is currently leased through May of 2027 for $2875 per month. The lot size is 0.163 acres. The zoning is GC150.
Key Highlights
- Leased through May 2027 for $2875/month, providing immediate rental income.
- Proven 21‑year rental history with zero vacancy to Gonzaga University students.
- Prime location just a few blocks from Gonzaga University campus.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,171
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,420
$363.4K
Cap Rate 7%
$259,586
$259.6K
Cap Rate 9%
$201,900
$201.9K
Market Conditions
NOI Build-Up for 1,827 SF
Gross rent
$35.3K $19.32/SF
− Vacancy
−$2.3K −$1.24/SF
EGI
$33.0K $18.08/SF
− OpEx
−$14.9K −$8.14/SF
NOI
$18.2K $9.95/SF
Area
Spokane, WA
Vacancy
6.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,420
Cap Rate 7%
$259,586
Cap Rate 9%
$201,900
Alternative Uses
Best Use
Apartment 5plus
$259.6K
$227.1K – $302.9K
NOI $18,171 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$471.4K
$412.5K – $549.9K
NOI $32,996 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,938
Businesses Nearby
Explore this area
Business Placement
Demographics for 99202, WA
21,969
Population
8,296
Households
2.6
Avg Household Size
31
Median Age
33%
College-Educated
92%
High-School Grad
5.9 sq mi
ZIP Area
3,724
Density / Sq Mi
$61,323
Median Household Income
$31,892
Median Earnings
$1,070
Median Rent
$268,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Single family property - Five-bedroom, two-bath home near Gonzaga University, leased through May 2027.
Where is this single family property located?
The property is located at 11 E Sinto Ave Spokane, WA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Leased through May 2027 for $2875/month, providing immediate rental income.; Proven 21‑year rental history with zero vacancy to Gonzaga University students.; Prime location just a few blocks from Gonzaga University campus.
