$495,000
Reduced 5% · Save $25,000
Joey Costello
Windermere North Spokane
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About This Home
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.
Property Details
Property Type
Residential Income
Year Built
1911
County
Spokane
Lot Size
13 acres
Living Area
2,850 sqft
Price / Sqft
$174
Garage
2-car
Total Parking
2 spaces
Schools
Elementary: Spokane Dist 81, Middle: Yasuhara, High: North Central
Days on Market
190 days
MLS #
SAR202613495
Parcel #
25124.6008
Annual Taxes
$4,546
Total Building Area
2,850 sqft
MLS Area
A330/020
MLS Class
Rental Income
Listing Terms
Conventional, Cash
Road Frontage
City Street, Paved Road
Street Direction
N
Listed On
Mar 13, 2026
Status Changed
Jul 24, 2026
Last MLS Update
Jul 24, 2026
MLS Branch
1378
Original List Price
$520,000
School Information
Elementary
Spokane Dist 81
Middle School
Yasuhara
High School
North Central
Home Features & Details
Construction
Structure Type
Roof
Basement
Heating
Appliances
Parking
Listed By
Jordan Lester
SVN Cornerstone
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
Estimated Monthly Payment
$2,681/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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