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505 E Baldwin Ave
Spokane, WA 99207

Spokane Area Residential

  • 5 Beds
  • 2 Baths
  • 2,668 Sqft
  • 0.14 Acre

$450,000

2 Months on market

MLS# 202526081

Listing courtesy of Spokane Association of REALTORS MLS as distributed by MLS GRID.

Fantastic Gonzaga-area investment property! Over 2,600 sq ft with 5 bedrooms, 2 baths, and two full kitchens plus a bonus room—perfect setup for student housing or multi-generational living. Current leases in place through June with tenants paying all utilities, offering a solid 5.25% cap rate. Lower level features exterior entrance and separate living space, ideal for privacy or dual-rental potential. Off-street parking, detached garage, fenced backyard with deck, and convenient access to Gonzaga, downtown, and the University District. Strong rental history and steady performance make this a turnkey opportunity for investors or parents looking for housing options near campus.

Bedrooms: 5
Bathrooms: 2
SqFt: 2,668
County: Spokane
Year Built: 1903
New Construction:
Lot SqFt: 6,086
Basement
  • Full
  • Finished
  • Rec/Family Area
  • Laundry
  • Walk-Out Access
Kitchen / Appliances
  • Free-Standing Range
  • Dishwasher
  • Refrigerator
Garage / Parking
  • Detached
  • Carport
  • Slab
  • Alley Access
Fireplace
  • Masonry
Heating / Cooling
  • Natural Gas
  • Forced Air
Terms
  • FHA
  • VA Loan
  • Conventional
  • Cash
Roof
  • Composition

Office Details
Keller Williams Realty Coeur d  —  (208) 667-2399

Broker Reciprocity MLS Disclaimer: Copyright of the Spokane Association of REALTORS MLS. All rights reserved. Listing information deemed reliable but not guaranteed.

IDX listing information is provided exclusively for consumers’ personal, noncommercial use. All other uses are strictly prohibited. The listing information displayed herein is based on information submitted to the MLS GRID as of 12/12/2025, 11:15 AM. 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.