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Listed by Kidder Mathews Max Frame
$550,000
Est. payment /mo
8 Beds
7 Baths
2,850 SqFt
New
1704 N Ash ST Spokane, WA 99205
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,850 sqft
Price per Sqft $192
Subdivision Spokane
MLS Listing ID 2466192
Style 55 - 5-9 Units
Bedrooms 8
Year Built 1911
Annual Tax Amount $4,546
Lot Size 6,000 Sqft
Lot Dimensions 6000
Property Sub-Type Multi Family
Property Description
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.
Location
State WA
County Spokane
Area 561 - Spokane County
Interior
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Wood
View Y/N Yes
View City
Roof Type Composition
Building
Lot Description Alley, Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Spokane
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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