Ash Apartments

For Sale

1704 N Ash St, Spokane, WA 99205

Ash Apartments is a well-located 7-unit value-add apartment community in Spokane’s West Central neighborhood, offering immediate cash flow with a clear path to enhanced long-term returns through light interior upgrades and operational improvements. The property consists of two charming 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, significantly reducing near-term capital needs. The asset is ideally positioned for continued income growth through updated interiors and refreshed common areas, and its proximity to Downtown Spokane, Gonzaga University, transit, parks, and major employers supports strong and durable rental demand, making it an attractive opportunity for investors seeking a stabilized core holding with meaningful upside.

Key features

  • Attractive Basis Offered at approximately $70K per unit, providing investors with an appealing entry point
  • Central Spokane Location Conveniently located near major employers, parks, schools, shopping, and other everyday amenities
  • Recent Capital Improvements Significant upgrades completed in the amount of nearly $115,000 including new electrical service and panels ($35,000), new exterior paint and siding ($30,000), upgraded windows ($20,000), LVP flooring ($10,000), interior paint ($10,000), and furnace replacement ($8,000)
  • Strong Accessibility Walking distance to multiple bus stops, providing convenient transportation access throughout Spokane
  • Value Add Opportunity Well maintained property with continued upside potential through future rent growth and operational improvements

Building Details

  • For Sale $495,000
  • Property Type Multi-Family
  • Property Size 4,802 SF
  • Units 7
  • Lot Size 0.14 Acre
  • Additional Rent Price on request
  • Building Class C
  • Year Built 1911
  • Date Updated Oct 7, 2026
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Contacts

Jordan Lester, CCIM, MBA

SVN | Cornerstone

Location

  • City Spokane, WA
  • Neighborhood West Central Spokane
  • Zip Code 99205
  • Market Spokane
  • Walk score 74/100 Very Walkable
  • Transit score 46/100 Some Transit
  • Bike score 59/100 Bikeable
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Points of Interest

Texaco

0.07 miles

Conoco

0.13 miles

Safeway Fuel Station

0.44 miles

Bong's

0.46 miles

76

0.58 miles

Nomnom

0.70 miles

City Fuel

0.96 miles

Maverik

1.27 miles

ChargePoint

1.96 miles

Tesla Destination Charger - Hampton Inn Spokane

3.14 miles

Washington Lot

1.05 miles

Parkrite

1.23 miles

Parkade

1.28 miles

Davenport Hotel Parking Garage

1.32 miles

Diamond Parking

1.38 miles

City Ramp Garage

1.40 miles

Jefferson Park and Ride

1.48 miles

Boone Avenue Retail Center (BARC)

1.88 miles

Mega Wash Express

0.41 miles

Car Wash

1.04 miles

Chevron

1.24 miles

National

1.24 miles

Enterprise

1.37 miles

Brown Bear

1.40 miles

Spokane Limousine

1.90 miles

Mister Car Wash

3.00 miles

Mister HotShine

3.24 miles

Spit-N-Shine Car Wash

3.38 miles

Jack in the Box

0.36 miles

Carl's Jr.

0.39 miles

Subway

0.42 miles

Zip's

0.46 miles

Kalico Kitchen

0.47 miles

Aloha Island Grill

0.49 miles

McDonald's

0.51 miles

Pizza Hut

0.52 miles

Papa John's

0.52 miles

KFC

0.54 miles

Safeway

0.50 miles

The Flour Mill

0.91 miles

Nordstrom

1.11 miles

River Park Square

1.15 miles

Logan Square

1.16 miles

Rosauers

1.34 miles

Grocery Outlet

1.42 miles

Main Market Coop

1.48 miles

Garland Court

1.54 miles

Yoke's Fresh Marketplace

1.56 miles

Station 3

0.10 miles

C.O.P.S. West

0.42 miles

Riverpoint Pharmacy

0.50 miles

Walgreens

0.51 miles

Safeway

0.52 miles

The Medicine Shoppe

0.55 miles

Choice Pregnancy Clinic

0.63 miles

AMR Spokane

0.91 miles

Unify Community Health

1.07 miles

Spokane EN&T

1.14 miles

Listing Summary

  • Property Financials

    1704 N Ash St is currently listed for sale at $495,000 for a price per square foot of $103.08.

  • Property Details

    1704 N Ash St totals 4,802 square feet of Multi-Family space on a lot spanning 0.14 acres. The property was initially built in 1911.

    Based on its location, amenities, and finishes, the property is listed as class C.

  • Area Characteristics

    1704 N Ash St is located in the West Central Spokane neighborhood.

    In terms of ease of commuting, the area has a walk score of 74, indicating that it is very walkable.

Contact Jordan Lester, CCIM, MBA
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