$495,000

1704 N Ash St

Spokane, WA 99205

Listed by Jordan Lester, SVN Cornerstone

Units
7
Built
1911
Size
2,850 sq ft
On market
200 days
Cap rate~7.0%
Cash-on-cash~1.3%
Cash flow+$145
Aaron Beal

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Purchase details

Purchase price
Closing costs 2.5%
Repairs and remodel

Loan details

Down payment
Interest rateour standard rate

Rents

Rents coming in⁠not on the MLS, confirmed with the listing agent

Expenses

Principal & interest2,732
Property tax 2026⁠$379
Insurance⁠No spot on MLS
Sewer⁠In water
Water⁠$213 with sewer
Garbage⁠No spot on MLS
Gas⁠$213
Left over after mortgage and expenses906

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance761

What is left

Cash left over each month+$145

The units

UnitBedsBathsSq ftRent / moRentometerestimatedRentCastestimated
121600$773estimated Rentometer $1,308 · RentCast $1,220$1,308$1,220
211500$927estimated Rentometer $1,183 · RentCast $970$1,183$970
311500$927estimated Rentometer $1,183 · RentCast $970$1,183$970
411350$900estimated Rentometer $1,183 · RentCast $910$1,183$910
511300$773estimated Rentometer $1,183 · RentCast $910$1,183$910
611300$773estimated Rentometer $1,183 · RentCast $910$1,183$910
711300$773estimated Rentometer $1,183 · RentCast $910$1,183$910

These 7 units add up to $5,846 a month. Those rents were part posted in the MLS, part confirmed with the listing agent.

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Price history

  1. Mar 13, 2026Listed for sale$520,000$74,286/unit

About the building

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.

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Listed by Jordan Lester, SVN Cornerstone · MLS# 202613495 · Active

Cap rate, cash flow and cash-on-cash are Beal Estate NW’s own analysis, not MLS data — they follow the financing assumptions shown on this page, and they are not a valuation of the property and not investment advice. Talk to your lender, your accountant and your own advisers before you rely on any of it. MLS GridListings courtesy of Spokane REALTORS® as distributed by MLS Grid. Based on information submitted to the MLS GRID as of 9/29/2026, 4:15:01 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing; any other use or search of the data on this site is prohibited. Deemed reliable but not guaranteed accurate by MLS Grid. Verify everything before you write an offer. Report a copyright problem.