1112 S ASH St, Spokane, WA 99204

• 2,002 sqft

Property Description

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 Status:

Active

Data Last Updated:

September 4, 2026 at 11:19PM

Listing Office:

Kelly Right Real Estate of Spokane : (509) 994-5271

Listing Agent:

Chris Patton : (509) 994-5271

MLS ID:

202622528

Interior

• Appliances: Free-Standing RangeDishwasherRefrigerator
• Basement: LaundryWalk-Out Access
• A/C: Wall Unit(s)
• Heating: Natural GasElectricForced AirBaseboard
• Fireplace: MasonryWoodburning Fireplce

Exterior

• Parking: Parking spaces: 0

Construction

• Roofing: Composition
• General: Two Story

Location

• Road/Access: City StreetPrivate Road
• HOA Amenities: LaundryStorage
• Originating MLS: sarmls
• School District: Spokane Dist 81
• County: Spokane

Lot

• Zoning: 25244.1502

Financial

• Source: sarmls