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About this home
Three-unit income property just north of Gonzaga University with immediate rental income, and a VA assumable loan at just 4.99%. VA-eligible buyers may be able to assume the existing financing with as little as 0% down. Live in one unit while the other two help pay the mortgage, or rent all three with potential cash flow of $1,000+/month. Current rental amount totals $4100/month. A newer roof and metal siding with newer appliances making maintenance simple. The property includes a 3-bedroom, 2-bath unit, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit. Two units have been remodeled, including the main-floor unit with new windows, LVP flooring, fresh paint, and an updated kitchen and bathroom. The third unit with long-term stable tenant offers future potential to add value. Separate electric meters, and dedicated parking spots in a fenced lot. Close to downtown Spokane, shopping, dining, the Spokane River, and Centennial Trail.
Heaths, located between Riverside State Park and Downtown Spokane, is a residential and semi-rural Spokane neighborhood with wooded edges and river-adjacent trails. The neighborhood’s character concentrates around the Seven Mile Road and Waikiki Road junction, where small-lot homes, open fields, and a steady rhythm of cyclists and dog-walkers set the tone. Riverside State Park’s Bowl and Pitcher area acts as a local anchor for weekend hikes and suspension-bridge views. Housing reads as a mix of mid-century ranchers, newer builds, and larger parcels with outbuildings. The Spokane River corridor shapes daily routines with trailheads and quiet overlooks. A short drive connects to Spokane’s arts and dining core without changing the neighborhood’s low-key pace.
Provided by Walk Score and Local Logic
Offer insights
2012 N Cincinnati St · $450,000
$461K and above
75% chance or better to win
Why $461K+ is a strong offer
DAYS ON MARKET
24 days
The average home goes pending in 57 days.
SALE-TO-LIST
99.6%
Most homes are selling 0% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Hot water
Full basement with recreation/family area and walk-out access
Bedrooms
One 3-bedroom unit
Two 2-bedroom units
Bathrooms
Three 1-bath units
Kitchen
Free-standing range
Dishwasher
Refrigerator
Disposal
Microwave
Hard surface counters
Laundry & utility
Washer and dryer (included)
Laundry area in basement
Heating & cooling
Natural gas and electric heating
Forced air and baseboard heating
Central air conditioning
Exterior features
Deck
Fenced yard
Treed, level, oversized lot
Easement and road frontage includes gravel, paved road and city street
Home design
Residential income property
Two-story structure
Parking
Four parking spaces total
Off-site parking and shared driveway
Construction
Steel frame construction
Composition roof
Utilities
Public records list building area and living area
HOA & community
No association amenities
Financial info
Property class: Rental income
Three-unit multi-family (total of 3 units)
Other
Annual tax amount listed (not included per instructions)
Electricity and solar
View estimated energy costs and solar savings for this home
Relatively clean triplex in a great neighborhood just north of Gonzaga University. It's got a 3 year old roof and metal siding and ample uncovered parking on site as well as on the street. The units are in average condition and with some cosmetic updating could command higher rents. Easy access to all points via Hamilton or Division Streets. Tenants pay for their own heat, lights and hot water. The main floor unit has a w/ d hookup and forced air gas with central air. Units 2 & 3 are electric baseboard. There is no common laundry facility. Strong unit mix of 2-2br/1ba and 1-3br/1ba. In addition to rents shown, each tenant pays approximately $100/m for a utility billback bringing the total income to $3,555 per month.
SPOKANEMLS as Distributed by MLS Grid #202110216
Feb 9, 2021
Sold
$245,000
$79/sq ft
Dec 12, 2020
Listed
$245,000
$79/sq ft
Dec 12, 2020
Listing Removed
—
+5
Great Triplex opportunity in Gonzaga U area! complete with plenty of off-street parking. Each unit is separately metered. Upstairs unit has 2 huge bedrooms & storage. Wiring and plumbing updated. The rental history is very favorable with great tenants. Current rents $2,365 with upside potential. Neighboring properties at 813 E Baldwin and 2004 N Cincinnati also for sale. Great opportunity to own a cash flowing rental near Gonzaga.
Public Records
Apr 27, 2018
Sold
$482,000
$156/sq ft
SPOKANEMLS as Distributed by MLS Grid #201813807
Apr 11, 2018
Listing Removed
—
Mar 27, 2018
Listed
$499,999
$162/sq ft
SPOKANEMLS as Distributed by MLS Grid #201720130
Dec 29, 2017
Listing Removed
—
Jul 1, 2017
Listed
$499,999
$162/sq ft
Public Records
Jun 13, 2006
Sold
$182,000
$59/sq ft
SPOKANEMLS as Distributed by MLS Grid #23016120
Apr 22, 2004
Listing Removed
—
Oct 23, 2003
Listed
$165,000
$53/sq ft
SPOKANEMLS as Distributed by MLS Grid #2216224
Dec 19, 2002
Listing Removed
—
Apr 24, 2002
Listed
$162,500
$53/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$3,722 (+11.8%)
$85,200 + $250,200
$335,400
2025
$3,330 (+3.5%)
$85,200 + $250,200
$335,400
2024
$3,218 (−14.2%)
$85,200 + $246,700
$331,900
2023
$3,749 (+36.5%)
$49,700 + $333,600
$383,300
2022
$2,746 (+3.7%)
$24,850 + $209,650
$234,500
2021
$2,648 (+3.9%)
$24,850 + $197,550
$222,400
2020
$2,550 (+24.8%)
$25,000 + $181,300
$206,300
2019
$2,044 (+3.3%)
$23,000 + $147,800
$170,800
2018
$1,979 (+10.4%)
$20,000 + $111,100
$131,100
2017
$1,793 (+8.0%)
$20,000 + $111,100
$131,100
2016
$1,660 (−10.9%)
$20,000 + $98,700
$118,700
2015
$1,864
$20,000 + $110,500
$130,500
Public record
Public record
Zoning
Permits
Beds
3
Baths
3
Stories
1.75
Lot width
—
Lot depth
—
Lot size
7,100 Sq. Ft.
Year renovated
1986
Finished Sq. Ft.
2,154
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,154
Year built
1899
Style
Other
County
Spokane County
APN
35084.1815
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
R1
Residential 1 Zone
The residential zones implement the residential goals and policies and land use plan map designations of the comprehensive plan. They are intended to preserve land for housing and to provide housing opportunities for individual households. The zones are distinguished by the permitted uses, the housing types, and intensity of development allowed. The differences in the zoning categories reflect the diversity of residential areas in the City. The limits on the intensity of uses and the development standards promote the desired form for the residential area. The standards are intended to provide certainty to property owners, developers, and neighbors of what is allowed in the various categories.; The R1 zone is a low-intensity residential zone. The zone allows a range of housing choices built at the general scale and height of detached houses. This includes both detached and attached homes and middle housing types.
Permitted uses
Include but are not limited to:
Housing
Park & open space
Oct 13, 2025 • Final
Sewer relay/repair
Plumbing
Aug 17, 2025 • Final
Demolition
Demolition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 94° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
19 unhealthy days expected this year, 21 days in 30 years
Provided by First Street
Historical weather
Spokane, WA • 99207
Average low and high temperatures (°F)
37
27
42
28
54
36
63
39
72
48
79
54
88
61
87
61
83
55
62
40
46
35
42
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 2012 N Cincinnati St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $350,000 and $650,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $350K to $650K.