Well-Maintained Duplex with Private
New
For Sale
$725,000
7805 E Baldwin Ave, Spokane Valley, WA 99206
Residential Income, Spokane Valley, WA
Property Size3,006 SF
Lot Size0.21 Acres
Price / SF$241.18
Days on Market2
Property Features for 7805 E Baldwin Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Laundry Room, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 1, Utility Room
Parking features
Open
Window features
Vinyl Frames
Patio and Porch features
Patio
Interior features
Hot Water, High Speed Internet, Pantry, Kitchen Island
Basement
Crawl Space
Appliances
Free-Standing Range, Dishwasher, Refrigerator, Disposal, Microwave, Washer, Dryer, Hard Surface Counters
Lot features
Fenced Yard, Sprinkler - Automatic, Treed, Level, Cul-De-Sac
View
Territorial
Elementary school
Seth Woodard
Middle school
Centennial Middle
High school
West Valley
Elementary school district
West Valley
Directions
From I-90 take Broadway exit #286. Right on East Broadway. Left on Park over the freeway. Turn right on Indiana, Right on Ella Rd., Right on Baldwin Ave., duplex is on your right at the end of the culdesac.
Standard status
Active
APN
45073.2901
Size
3,006 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
6759
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
professionally landscaped yards
vinyl fencing
private patios
private fenced backyard
Building Details
Year built
2020
Floors in Building
2
Number of units
2
Flooring type
Wood
Building materials
Fiber Cement
Roof type
Composition
Listing Agency:
Windermere Manito, LLC
(509) 747-1051
Listed By:
Mary Marr · License #107481
(509) 315-6811
Added: Sep 11
Last Checked: Sep 12 at 3:06AM
MLS# 202624140
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.
Built in 2020, this duplex contains 3,006 square feet on a 0.2063-acre parcel in Spokane Valley. Each residence includes three bedrooms, two-and-a-half bathrooms, an upstairs primary suite, a laundry room, a kitchen with island and pantry, and a private fenced backyard with patio space. Wood and engineered flooring, hard-surface counters, central air, forced-air natural gas heat, and fiber-cement exterior materials are among the documented improvements.
The property is positioned on a cul-de-sac in Spokane Valley with convenient access to Spokane. Professionally landscaped yards, vinyl fencing, and separate patios add defined outdoor areas for both residences. The duplex format supports an owner-occupant arrangement or continued use as a two-unit residential income property.
The property is positioned on a cul-de-sac in Spokane Valley with convenient access to Spokane. Professionally landscaped yards, vinyl fencing, and separate patios add defined outdoor areas for both residences. The duplex format supports an owner-occupant arrangement or continued use as a two-unit residential income property.
Key Highlights
- 3,006‑square‑foot duplex on a 0.2063‑acre lot
- Built in 2020 with fiber‑cement exterior materials
- Each unit has 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,062
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,240
$521.2K
Cap Rate 7%
$372,314
$372.3K
Cap Rate 9%
$289,578
$289.6K
Market Conditions
NOI Build-Up for 3,006 SF
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.
Gross rent
$39.7K $13.20/SF
− Vacancy
−$2.4K −$0.81/SF
EGI
$37.2K $12.39/SF
− OpEx
−$11.2K −$3.72/SF
NOI
$26.1K $8.67/SF
Area
Spokane Valley, WA
Vacancy
6.17%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,240
Cap Rate 7%
$372,314
Cap Rate 9%
$289,578
Alternative Uses
Best Use
Multifamily LT 5
$372.3K
$325.8K – $434.4K
NOI $26,062 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$344.5K
$301.4K – $401.9K
NOI $24,115 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$653.0K
$571.4K – $761.8K
NOI $45,710 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Explore this area
Business Placement
Demographics for 99206, WA
39,842
Population
17,339
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
95%
High-School Grad
23.4 sq mi
ZIP Area
1,703
Density / Sq Mi
$75,538
Median Household Income
$42,018
Median Earnings
$1,174
Median Rent
$362,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer matching layouts, individual outdoor areas, and access to Spokane from a cul-de-sac setting.
Where is this duplex located?
The property is located at 7805 E Baldwin Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3,006‑square‑foot duplex on a 0.2063‑acre lot; Built in 2020 with fiber‑cement exterior materials; Each unit has 3 bedrooms and 2.5 bathrooms
