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    929 N Ash St Spokane, WA 99201

    For Sale
    $835,000

    Eight-unit apartment building with value-add potential in Spokane, WA.

    Property size:
    4,590 SF

    Property Features for 929 N Ash St

    General Information

    Size
    4,590 SF

    Building Details

    Year built
    1975

    Source: James Black III, CCIM Agent James Black III, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spokane Multifamily Investment Opportunity

    This multifamily property, constructed in 1975, features eight one-bedroom, one-bathroom units, each approximately 500 square feet. Located at the corner of Ash Street and W Dean Avenue, the property includes a common laundry room. Recent capital improvements include a new sewer line and new vinyl windows. The units are separately metered for baseboard electric heat. The property's net operating income (NOI) is $59,039.36, with a cap rate of 7%. The owner is willing to carry a contract.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Law Firm Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4371928
    Latitude
    47.6661139

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit apartment building with value-add potential in Spokane, WA.
    Where is this apartment building located?
    The property is located at 929 N Ash St Spokane, WA.
    What is the asking price?
    The asking price for this property is $835,000.
    What are key features of this property?
    This property features: - Strong 7% Cap Rate indicates a potentially profitable investment.; - Owner willing to carry a contract, offering flexible financing options.; - $59,039.36 Net Operating Income (NOI) demonstrates income-generating potential.
    (509) 842-4142
    Request Owner's contact information
    929 N Ash St Spokane, WA 99201
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    Spokane, WA 99201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    929 N Ash St Spokane, WA 99201
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