$495,000
$25K PRICE DROP

Estimated payment $3,080/month

Total Views 17,252
-- Bed
-- Bath
4,802 Sq Ft
$103 Price per Sq Ft

Highlights

  • Corner Lot
  • Wood Siding
  • Heating Available
  • No HOA

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.

Listing Agent

Jordan Lester

SVN Cornerstone Commercial License #1271842 Listed on: 05/13/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,342

Year Built

  • Built in 1911

Lot Details

  • 6,098 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Wood Foundation
  • Concrete Roof
  • Wood Siding

Interior Spaces

  • 4,802 Sq Ft Home
  • Multi-Level Property

Utilities

  • Heating Available
  • Furnace

Listing and Financial Details

  • Assessor Parcel Number 25124.6008

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • Spokane Subdivision

Building Details

  • Gross Income $74,088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,342

Year Built

Built in 1911

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: MultiFamily
  • Lot Size Acres: 0.14
  • Road Surface Type: Gravel
  • Subdivision Name: Spokane
  • Directions: Head north on Ash Street from downtown Spokane. The destination is located on the right (east) side of the street, just past the intersection with W Westover Blvd.
  • Year Built: 1911
  • General Property Description:Lot Acres2: 0.14
  • General Property Description:Lot Type 1: Duplex/Multi
  • Legal and Taxes:Zoning2: CC2
  • Legal and Taxes:Tax Year2: 2025
  • Property Subject To:Homeowners Assoc2: No
  • Property Subject To:Flood Zone2: No
  • Water:City5: Yes
  • General Property Description:Building Style: Multi Level
  • General Property Description:New Construction: No
  • Fuel:Electric: Yes
  • Foundation:Wood3: Yes
  • Roof:Concrete3: Yes
  • General Property Description:Total SqFt2: 4802.0
  • DelayedMarketingYN: No
  • Contract Information: Delayed Marketing: No
  • Special Features: None

Interior Features

  • Has Basement: None
  • Basement YN: No
  • Living Area: 4802.0
  • Basement:None2: Yes

Exterior Features

  • Lot Features: Corner Lot, Level
  • View: None
  • Construction Type: Wood Siding, Concrete
  • Foundation Details: Wood
  • Roof: Concrete
  • Lot Features:Level: Yes
  • Lot Features:Corner Lot: Yes
  • Construction:Concrete4: Yes
  • Exterior: Wood Siding: Yes

Garage/Parking

  • General Property Description:Garage Stall2: None

Utilities

  • Heating: Electric, Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Furnace: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Other

Lot Info

  • Lot Size Sq Ft: 6098.4
  • Parcel #: 25124.6008
  • Zoning: CC2

Multi Family

  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 4342.0
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $4,342 $498,300 $42,000 $456,300
2025 $4,546 $425,200 $42,000 $383,200
2024 $4,546 $500,000 $42,000 $458,000
2023 $4,599 $523,400 $42,000 $481,400
2022 $3,284 $470,500 $42,000 $428,500
2021 $2,520 $211,600 $42,000 $169,600
2020 $2,743 $222,000 $42,000 $180,000
2019 $2,500 $209,000 $36,000 $173,000
2018 $2,689 $193,200 $36,000 $157,200
2017 $2,485 $181,800 $36,000 $145,800
2016 $2,481 $177,600 $36,000 $141,600
2015 $2,524 $176,800 $36,000 $140,800
2014 -- $171,700 $36,000 $135,700
2013 -- $0 $0 $0
Source: Public Records

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 Prior Sale
07/16/2026 07/16/26 Price Changed $495,000 -4.8% $103 / Sq Ft
05/13/2026 05/13/26 For Sale $520,000 +131.1% $108 / Sq Ft
09/22/2020 09/22/20 Sold $225,000 0.0% -- View Prior Sale
01/08/2020 01/08/20 Pending -- -- --
01/03/2020 01/03/20 For Sale $225,000 -- --
Source: Coeur d'Alene Multiple Listing Service

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
Quit Claim Deed -- First American Title Ins Co
Warranty Deed $225,000 First American Title Ins Co
Quit Claim Deed -- First American Title Ins Co
Warranty Deed $169,280 First American Title Ins Co
Warranty Deed $110,010 First American Title Ins
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Open $400,000 New Conventional
Previous Owner $230,000 Unknown
Previous Owner $109,850 Commercial
Previous Owner $85,045 Commercial
Previous Owner $40,000 Credit Line Revolving
Previous Owner $85,650 Commercial
Source: Public Records

Source: Coeur d'Alene Multiple Listing Service

MLS Number: 26-4816

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