Spokane Multifamily Investment
For Sale
$495,000
1704 N Ash St, Spokane, WA 99205
Value-add 7-unit apartment community with recent capital improvements.
Property Size4,802 SF
Days on Market238
Property Features for 1704 N Ash St
General Information
Standard status
Active
Size
4,802 SF
Class
C
Property subtype
Multifamily
Site & Location
Neighborhood
Emerson/Garfield
Building Details
Building Size
4,802 SF
Year Built
1911
Listed By:
Jordan Lester, CCIM, MBA · License #WA #21008495
(509) 496-6922
Source:
Svn
Added: Mar 6
Changed: Oct 25
Last Checked: Oct 30 at 11:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jordan Lester, CCIM, MBA
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Ash Apartments present a 7-unit apartment community located in Spokane’s West Central neighborhood. The property offers immediate cash flow with potential for long-term returns through interior upgrades and operational improvements. The property consists of two 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. The property is positioned for continued income growth through updated interiors and refreshed common areas. Its proximity to Downtown Spokane, Gonzaga University, transit, parks, and major employers supports rental demand, making it an attractive opportunity for investors. The property is centrally located near employers, parks, and schools. There is an opportunity to increase rents. Multiple bus stops are within walking distance.
Key Highlights
- Value‑add opportunity with potential to increase rents significantly.
- Significant recent capital improvements of $115,000, including new electrical, windows, siding, paint, flooring, and a new furnace.
- Prime location in Spokane's West Central neighborhood, near Downtown Spokane, Gonzaga University, transit, parks, and major employers.
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,256
Businesses Nearby
Explore this area
Business Placement
Demographics for 99205, WA
44,036
Population
18,791
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
93%
High-School Grad
9.0 sq mi
ZIP Area
4,893
Density / Sq Mi
$72,547
Median Household Income
$42,148
Median Earnings
$1,250
Median Rent
$286,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Value-add 7-unit apartment community with recent capital improvements.
Where is this apartment building located?
The property is located at 1704 N Ash St Spokane, WA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Value‑add opportunity with potential to increase rents significantly.; Significant recent capital improvements of $115,000, including new electrical, windows, siding, paint, flooring, and a new furnace.; Prime location in Spokane's West Central neighborhood, near Downtown Spokane, Gonzaga University, transit, parks, and major employers.
