1704 - 1712N Ash St
Spokane WA 99205
1704 N Ash Street
1704 - 1712N Ash St Spokane WA 99205
Listing #: 712838 | Status: Available | Last Modified: 7/3/2026 |
For Sale
- Phone:(509) 496-6922
- Email:jordan.lester@svn.com
- Office Name:SVN Cornerstone LLC
- Office Phone:(509) 321-2000
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 520,000.0
- $/SF$ 182.5
- $/Unit$ 520,000.0
- Listing StatusAvailable
- Days on Market59
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 7.12 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings2
- # of Floors2
- # of Units7
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF2850
- Net Rentable Area2850
- Total Office SF
- Largest Contiguous SF
- Lot SF6000
- Acres0.14
- Property TypeMulti-Family
- Office Type
- Building Class
- CountySpokane
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaNorth Spokane City
- Tax ID #25124.6008
- Additional Parcels
- ZoningCC2-EC
- Year Built1911
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Ash Apartments
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. Attractive Basis – Offered at approximately $74K per unit, providing investors with an appealing entry point. Recent Capital Improvements – Significant upgrades completed in the amount of nearly $115,000 including new electrical service and panels ($35,000), new exterior paint and siding ($30,000), upgraded windows ($20,000), LVP flooring ($10,000), interior paint ($10,000), and furnace replacement ($8,000). Value Add Opportunity – Well maintained property with continued upside potential through future rent growth and operational improvements. Central Spokane Location – Conveniently located near major employers, parks, schools, shopping, and other everyday amenities. Strong Accessibility – Walking distance to multiple bus stops, providing convenient transportation access throughout Spokane.
