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Julie Paterson

julie@bestcdahomes.com +1(208) 277-4499

$520,000

Est. payment - /mo

4,802 SqFt

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UPDATED:

Key Details

Property Type MultiFamily

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,802 sqft

Price per Sqft $108

Subdivision Spokane

MLS Listing ID 26-4816

Style Multi Level

HOA Y/N No

Year Built 1911

Annual Tax Amount $4,342

Tax Year 2025

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Multi Family

Source Coeur d'Alene Multiple Listing Service

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.

Location

State WA

County Spokane

Community Spokane

Area Washington Counties

Zoning CC2

Direction 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.

Rooms

Basement None

Interior

Heating Electric, Furnace

Exterior

Garage Description None

View None

Roof Type Concrete

Building

Lot Description Corner Lot, Level

Foundation Wood

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Other

Others

Tax ID 25124.6008

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Listed by SVN Cornerstone Commercial

Nearby School & Business

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Julie Paterson

+1(208) 277-4499

Agent | License ID: SP47587

Agent License ID: SP47587

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1704 N Ash St Spokane, WA 99205

Julie Paterson

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others