$449,900

218 E Baldwin Ave

Spokane, WA 99207

Listed by Toby Blodgett, eXp Realty, LLC

Units
3
Built
1902
Size
1,784 sq ft
On market
172 days
Cap rate~5.8%
Cash-on-cash~-2.9%
Cash flow−$295
Aaron Beal

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Purchase details

Purchase price
Closing costs 2.5%
Repairs and remodel

Loan details

Down payment
Interest rateour standard rate

Rents

Rents coming in⁠not on the MLS, confirmed with the listing agent

Expenses

Principal & interest2,483
Property tax 2026⁠Left blank
Insurance⁠No spot on MLS
Sewer⁠Left blank
Water⁠Left blank
Garbage⁠No spot on MLS
Left over after mortgage and expenses230

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance525

What is left

Cash left over each month−$295

The units

UnitBedsBathsSq ftRent / moRentometerestimatedRentCastestimated
111750$1,050estimated Rentometer $1,224 · RentCast $1,050$1,224$1,050
221944$1,400estimated Rentometer $1,203 · RentCast $1,230$1,203$1,230
311750$1,050estimated Rentometer $1,224 · RentCast $1,050$1,224$1,050

These 3 units add up to $3,500 a month. Those rents were confirmed with the listing agent.

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Price history

  1. Apr 10, 2026Listed for sale$449,900$149,967/unit

About the building

Fantastic Rental Opportunity! Completely renovated! This triplex was completely overhauled with upgrades to the plumbing, electrical, roof and siding. Each unit has modern finishes including durable laminate plank flooring, white kitchen cabinetry, quartz countertops and stainless appliances. Bathrooms were also fully refreshed with new fixtures, updated showers, vanities, and faucets. Each unit has its own washer/dryer for added convenience. The property is fully fenced and has a private parking area with dedicated space for each unit as well as room for guest parking. Ideally situated near Gonzaga University, shopping and restaurants, making this a desirable location for tenants.

Where it is

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Look it up yourself

Listed by Toby Blodgett, eXp Realty, LLC · MLS# 202615224 · Active

Cap rate, cash flow and cash-on-cash are Beal Estate NW’s own analysis, not MLS data — they follow the financing assumptions shown on this page, and they are not a valuation of the property and not investment advice. Talk to your lender, your accountant and your own advisers before you rely on any of it. MLS GridListings courtesy of Spokane REALTORS® as distributed by MLS Grid. Based on information submitted to the MLS GRID as of 9/29/2026, 3:45:00 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing; any other use or search of the data on this site is prohibited. Deemed reliable but not guaranteed accurate by MLS Grid. Verify everything before you write an offer. Report a copyright problem.