1112 S Ash St Spokane, WA 99204
Cliff-Cannon NeighborhoodEstimated payment $2,767/month
Highlights
- Property is near public transit
- Forced Air Heating System
- Laundry Facilities
- Sacajawea Middle School Rated A-
- Baseboard Heating
- High Speed Internet
About This Home
Cash-Flowing Triplex with Value-Add Potential! Fully occupied and producing $3,275 per month in gross rental income ($39,300 annually), this investment property offers immediate returns and long-term upside. The unit mix includes one 2-bedroom unit and two 1-bedroom units with established rents of $1,400, $1,000, and $875 per month. Great South hill location! Investors will appreciate the opportunity to further increase returns through future rent adjustments, property enhancements, improved operational efficiencies, and potential basement unit expansion. With tenants already in place and income from day one, this property checks the boxes for investors seeking both stability and growth. New roof in 2019 and new vinyl windows in 2025. Rare opportunity to acquire a performing asset with existing cash flow and multiple strategies for increasing value and maximizing ROI. Showings available with accepted offer. AI was used to remove tenant personal items. Buyer and buyer's agent to verify all information.
Listing Agent
Kelly Right Real Estate of Spokane License #22015966 Listed on: 08/13/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1906
Lot Details
- 2,683 Sq Ft Lot
- Property fronts a private road
Home Design
- Composition Roof
- Wood Siding
Interior Spaces
- 2,002 Sq Ft Home
- 2-Story Property
- Wood Burning Fireplace
- Fireplace Features Masonry
Kitchen
- Free-Standing Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Basement
- Walk-Out Basement
- Laundry in Basement
Location
- Property is near public transit
Schools
- Sacajawea Middle School
- Lewis & Clark High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Forced Air Heating System
- Heating System Uses Natural Gas
- Baseboard Heating
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 25244.1502
Community Details
Amenities
- Laundry Facilities
- Community Storage Space
Additional Features
- 3 Units
- Water Sewer Expense $3,900
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $3,567 | $368,800 | $80,000 | $288,800 |
| 2025 | $3,353 | $348,800 | $60,000 | $288,800 |
| 2024 | $3,353 | $337,730 | $42,930 | $294,800 |
| 2023 | $3,130 | $316,930 | $42,930 | $274,000 |
| 2022 | $2,760 | $319,830 | $42,930 | $276,900 |
| 2021 | $2,717 | $228,200 | $14,760 | $213,440 |
| 2020 | $2,329 | $188,360 | $14,760 | $173,600 |
| 2019 | $2,233 | $186,660 | $14,760 | $171,900 |
| 2018 | $2,430 | $174,560 | $14,760 | $159,800 |
| 2017 | $2,316 | $169,460 | $14,760 | $154,700 |
| 2016 | $2,167 | $155,060 | $14,760 | $140,300 |
| 2015 | $2,216 | $155,160 | $14,860 | $140,300 |
| 2014 | -- | $155,160 | $14,860 | $140,300 |
| 2013 | -- | $0 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/13/2026 08/13/26 | For Sale | $449,900 | -- | $225 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: Spokane Association of REALTORS®
MLS Number: 202622528
APN: 25244.1502
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Listings courtesy of Spokane Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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