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    Property profile & analytics

    822 Baldwin Ave Spokane, WA 99207-2510

    • Apartment buildings
    • 4,466 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $335,000
    Location Intelligence
    Property ID
    US90-3240679
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 822 Baldwin Ave

    Year built
    1961
    Construction
    STEEL FRAME
    Lot size
    0.12 lot acres
    Property size
    4,466 SF
    Property type
    Apartment buildings
    APN
    35084.2503
    APU
    350842503

    Description

    This exceptional investment opportunity presents a 7-unit apartment building located at 822 E. Baldwin Ave, Spokane, WA 99207. The property, a Class B building constructed in 1961 with renovations in 1978 and 2018, boasts 4,466 square feet of net rentable space situated on a 9,022 square foot lot. Currently operating at 100% occupancy, this stabilized multifamily property generates a strong net operating income (NOI) of $48,420, yielding a 5.70% cap rate. The asking price is $850,000, translating to $121,428.57 per unit. The property features convenient on-site laundry facilities and individual storage units for each of the seven units. Zoned CC1-DC, this two-story building offers a compelling value-add opportunity in a prime Spokane location, steps from Gonzaga University. The property's strong rental income, high occupancy rate, and desirable location make it an attractive investment for those seeking a stable and potentially appreciating asset. The fee simple ownership provides complete control and potential for future appreciation. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a thriving Spokane neighborhood.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $335,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $300,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $310,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $345,000
      Retail
      $300,000
      Mixed-Use
      $315,000
      Hospitality
      $320,000
      Educational
      $270,000
      Residential Income
      $345,000
      Energy
      $345,000
      Income-Based Land
      $350,000
      Food Service
      $330,000

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.397
    Latitude
    47.6755
    CBSA code
    44060
    CBSA name
    SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,802
    $36,320
    $557,480
    $593,800
    -
    $36,320
    $557,480
    $593,800

    Comparable in this City

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      807 Augusta Ave

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    • Value Estimation
      $345,000
      1,100 SF

      2918 Hogan St

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      3010 Stone St

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    • Value Estimation by Request
      7,758 SF

      1714 Es Riverton Ave

      APARTMENT HOUSE (5+ UNITS) • 7,758 SF
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      View Details

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    822 Baldwin Ave
    Spokane, WA 99207-2510
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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