Victorian Triplex with
312 E BALDWIN Ave, Spokane, WA 99207
For Sale
$389,900
Residential Income, Spokane, WA
Property Size2,112 SF
Lot Size0.17 Acres
Price / SF$184.61
Days on Market344
Property Features for 312 E BALDWIN Ave
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Basement
Appliances
Lot features
High school
Elementary school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
storage shed
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Realty One Group Eclipse
Listed By:
Eric Rogers
(509) 327-2238
Added: Dec 2, 2025
Changed: Oct 28
Last Checked: Nov 10 at 2:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Victorian triplex at 312 E BALDWIN Ave includes three separate units within a 1 1/2-story home. The building contains 2,112 square feet on a 0.1722-acre lot, with five bedrooms and three bathrooms. Wood siding, a composition roof, electric heat, wall and window cooling units, and a deck are among the property features. The appliance package includes a free-standing range, refrigerator, washer, and dryer.
Located in Spokane's Gonzaga University District, the property is near bus routes and minutes from downtown. A storage shed provides designated space for each unit, while parking is available offsite and via the alley.
Located in Spokane's Gonzaga University District, the property is near bus routes and minutes from downtown. A storage shed provides designated space for each unit, while parking is available offsite and via the alley.
Key Highlights
- Three separate units in a 1 1/2‑story home
- 2,112 square feet on a 0.1722‑acre lot
- Five bedrooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,160
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,200
$483.2K
Cap Rate 7%
$345,143
$345.1K
Cap Rate 9%
$268,444
$268.4K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$36.7K $17.40/SF
− Vacancy
−$2.2K −$1.06/SF
EGI
$34.5K $16.34/SF
− OpEx
−$10.4K −$4.90/SF
NOI
$24.2K $11.44/SF
Area
Spokane, WA
Vacancy
6.08%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,200
Cap Rate 7%
$345,143
Cap Rate 9%
$268,444
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,487
Businesses Nearby
Explore this area
Business Placement
Demographics for 99207, WA
32,059
Population
13,673
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
6,165
Density / Sq Mi
$55,548
Median Household Income
$31,712
Median Earnings
$1,127
Median Rent
$246,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Spokane, WA
Properties on Market for Triplexes in Spokane
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with individual storage areas, listed appliances, and alley and offsite parking options.
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 units in a 1 1/2‑story home; 2,112 square feet on a 0.1722‑acre lot; Five bedrooms and three bathrooms
