$520,000
Spokane, WA 99205
MLS# 26-4816
4802 sqft
1 / 22
Property Description
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.
Details
Maps
Contract Information
Neighborhood Grid #: 700
Short Sale: No
REO: No
Status: Active
Listing Type: Multi Family
Area: Washington Counties
Begin Date: 2026-05-13
List Price: $520,000
General Property Description
Building Style: Multi Level
Realtor.COM Type: Multi-Family
Lot Acres: 0.14
Basement: No
Lot Type 1: Duplex/Multi
Total SqFt.: 4802
New Construction: No
ESTIMATED SqFt Source: Estimated
Garage Stall: None
SqFt Per: Bldg
Number of Units: 7
Year Built: 1911
Legal and Taxes
AIN/Tax Bill: 25124.6008
Taxes: 4342
Zoning: CC2
Tax Year: 2025
Taxes Reflect 1: Estimate
Legal: COLER BLVD ADD L7 B9
Parcel Number: 25124.6008
School District: Other
Directions: Head north on Ash Street from downtown Spokane. The destination is located on the right (east) side of the street, just past the intersection with W Westover Blvd.
Subdivision: Spokane
Remarks
Public Remarks: 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.
Miscellaneous
Sec: 12
Rng: 42
Rng Dir: EWM
Twn: 25
Property Subject To
CC&Rs: No
Homeowners Assoc: No
Non-Mtg Lien: No
LID: No
Flood Zone: No
Aircraft Flight Zone: No
Fire Protection Dist: Yes
View
None: 1
Lot Features
Corner Lot: 1
Level: 1
Terms Considered
Cash: 1
Conventional: 1
Road
Gravel: 1
Public Maintained Road: 1
Showing Instructions
Showing Service Name: None
Water
City: 1
Sewer
Public Sewer: 1
Fuel
Electric: 1
Heating
Furnace: 1
Basement
None: 1
Foundation
Wood: 1
Construction
Concrete: 1
Exterior
Wood Siding: 1
Roof
Concrete: 1
Address
Street Number: 1704
Street Direction Pfx: N
Street Name: Ash
Street Suffix: St
State/Province: WA
Postal Code: 99205
County: Spokane
Property Features
View: None
Lot Features: Corner Lot; Level
Fuel: Electric
Heating: Furnace
Basement: None
Foundation: Wood
Construction: Concrete
Exterior: Wood Siding
Roof: Concrete
Road: Gravel; Public Maintained Road
Sewer: Public Sewer
Terms Considered: Cash; Conventional
Listing Office: SVN Cornerstone Commercial
Last Updated: May - 13 - 2026
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