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1704-1712 N Ash St
Spokane, WA 99205
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Offered at approximately $74K per unit, providing investors with an appealing entry point
- Well maintained property with continued upside potential through future rent growth and operational improvements
- Walking distance to multiple bus stops, providing convenient transportation access throughout Spokane
- Recent Capital Improvements
- Conveniently located near major employers, parks, schools, shopping, and other everyday amenities
Executive Summary
Ash Apartments is a well-located 7-unit value-add apartment community in Spokane’s West Central neighborhood, offering immediate cash flow with a clear path to enhanced long-term returns through light interior upgrades and operational improvements. The property consists of two charming buildings and has benefited from nearly $115,000 in recent capital improvements including new electrical service and panels, upgraded windows, new siding and exterior paint, interior paint, LVP flooring, and a new furnace, significantly reducing near-term capital needs. The asset is ideally positioned for continued income growth through updated interiors and refreshed common areas, and its proximity to Downtown Spokane, Gonzaga University, transit, parks, and major employers supports strong and durable rental demand, making it an attractive opportunity for investors seeking a stabilized core holding with meaningful upside.
Property Facts
| Price Per Unit | $103,198 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.12% | Lot Size | 0.13 AC |
| No. Units | 7 | Building Size | 6,346 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1911 |
| Zoning | CC2 | ||
| Price Per Unit | $103,198 CAD |
| Sale Type | Investment |
| Cap Rate | 7.12% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,346 SF |
| No. Stories | 2 |
| Year Built | 1911 |
| Zoning | CC2 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 25124.6008 | Improvements Assessment | $532,341 CAD |
| Land Assessment | $58,346 CAD | Total Assessment | $590,688 CAD |
Property Taxes
Parcel Number
25124.6008
Land Assessment
$58,346 CAD
Improvements Assessment
$532,341 CAD
Total Assessment
$590,688 CAD
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