Log In/Sign Up
Your email has been sent.
1704-1712 N Ash St 7 Unit Apartment Building $550,000 ($78,571/Unit) 6.90% Cap Rate Spokane, WA 99205
INVESTMENT HIGHLIGHTS
- Well-maintained, prime value-add opportunity
- Ample recent capital improvements including new panels, furnace, windows, siding & paint
- Walking distance to multiple bus stops, making travel throughout town easily accessible
- Centrally located near employers, parks, schools & more
- Opportunity to increase rents 16% as-is & 28% with renovations
- Attractive pricing at $78k per unit
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $78,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.90% | Building Size | 6,346 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1911 |
| Property Subtype | Apartment | ||
| Zoning | CC2 | ||
| Price | $550,000 |
| Price Per Unit | $78,571 |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,346 SF |
| No. Stories | 2 |
| Year Built | 1911 |
| Zoning | CC2 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 25124.6008 | Improvements Assessment | $383,200 |
| Land Assessment | $42,000 | Total Assessment | $425,200 |
PROPERTY TAXES
Parcel Number
25124.6008
Land Assessment
$42,000
Improvements Assessment
$383,200
Total Assessment
$425,200
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Company Not Provided
1704-1712 N Ash St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.