1704-1712 N Ash St - Apartments FOR SALE


Spokane, WA 99205- West Central
$550,000 USD
509-494-3116
1704-1712 N Ash St, Spokane, WA for Sale
$550,000 USD
Apartments - FOR SALE
1/9
null | 6.9% Cap Rate

1704-1712 N Ash St
Spokane, WA 99205
West Central


HIGHLIGHTS

  • Well-maintained, prime value-add opportunity
  • Centrally located near employers, parks, schools & more
  • Ample recent capital improvements including new panels, furnace, windows, siding & paint
  • Opportunity to increase rents 16% as-is & 28% with renovations
  • Walking distance to multiple bus stops, making travel throughout town easily accessible
  • Attractive pricing at $78k per unit

OVERVIEW

This well-maintained asset presents a compelling value-add opportunity in a highly central location, offering convenient access to major employers, parks, schools, and everyday amenities. The property has benefited from significant recent capital improvements, including new electrical panels, furnace, windows, siding, and fresh exterior paint, reducing near-term maintenance needs. Strong upside remains, with the ability to increase rents approximately 16% in its current condition and up to 28% through cosmetic renovations. Residents enjoy walkable access to multiple nearby bus stops, providing seamless connectivity throughout the city. The offering is attractively priced at $78k per unit, making it an appealing opportunity for investors seeking both stability and growth.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

7

PRICE/UNIT

$78,571

CAP RATE

6.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,838 SF

ZONING

CC2

APN/PARCEL ID

25124.6008

ASK ABOUT THIS PROPERTY

Max FrameKidder MathewsMore Info
509-494-3116

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Max FrameKidder MathewsMore Info
509-494-3116

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.