Property Details
1704 N Ash Street
Spokane, WA 99205
$520,000
Active
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Property Overview
Well-maintained 7-unit apartment property built in 1911, offering a prime value-add opportunity in a central Spokane location near major employers, parks, schools, and everyday amenities. With nearly $115,000 in recent capital improvements, buyers are perfectly positioned to immediately focus on unit upgrades to push rents and increase returns. Recent work includes new electrical panels, furnace, windows, siding, and fresh exterior paint supporting strong day-one operations and reducing near-term capex. Investors can capture an estimated 16% rent growth as-is, with potential to drive approximately 28% upside with renovations. Excellent transit access with multiple bus stops within walking distance, making travel throughout Spokane easy.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Spokane
Neighborhood
Spokane
Listed
Jan 7, 2026
Original Price
$550,000
Structure Type
Multi Family
Parcel Number
251246008
Tax & HOA
Annual Property Tax
$4,546 (2025)
Est. Monthly Tax
$379/mo
Financial Summary
Cap Rate
7.30%
Net Operating Income
$37,948
Gross Scheduled Income
$73,732
Gross Rent Multiplier
7.05
Total Expenses
$32,152
Vacancy Rate
4.0%
Building & Use
Building Sq Ft
2,850
Leasable Area
2,850 sqft
Total Units
7
Lot Size
5,998 sqft
Year Built
1911
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1911
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
1704 -1712 N ASH ST Spokane, WA
Location
City
Spokane
County
Spokane
Coordinates
47.67337, -117.43679
Additional Information
Tax Year
2025
Annual Taxes
$4,546
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
