822 Baldwin AveSpokane, WA 99207

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.