Gonzaga Area Investment
For Sale
$399,900
11 E Sinto Ave, Spokane, WA 99202
Commercial Sale, 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
Commercial Sale
Property subtype
Other
Zoning
GC150
Basement
Partial, Unfinished
Subdivision
Logan
Lot features
Fenced Yard, Level, City Bus (w/in 6 blks), Fencing
Elementary school
Logan
Middle school
Yasuhara
High school
North Central
Elementary school district
Spokane Dist 81
Directions
On the north side of Sinto Ave 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
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1903
Floors in Building
2
Building materials
Vinyl Siding
Roof type
Composition
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# 202616802
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 property, located in the Gonzaga area, is currently configured as a 5-bedroom, 2-bath rental house. It has been consistently rented to Gonzaga University students for the past 20 years. The property features vinyl siding, vinyl windows, a gas furnace, central air conditioning, new flooring, new interior paint, and an in-ground sprinkler system. A laundry/mud room is located off the back door. The property includes a large fenced backyard and ample parking in both the front and back. The tenants are responsible for all utilities. Leased through May of 2027 for $2875 per month. Zoned commercial (GC-150), the 0.163-acre lot offers a multitude of options. The building size is 1827 square feet. The property is located a few blocks from campus.
Key Highlights
- Leased through May 2027 for $2875/mo, providing immediate rental income.
- Proven rental history with zero vacancy for the past 20 years.
- Located a few short 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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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 - Rental house 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/mo, providing immediate rental income.; Proven rental history with zero vacancy for the past 20 years.; Located a few short blocks from Gonzaga University campus.
