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.
Active
$449,900
1112 S Ash St, Spokane, WA 99204
4beds
3baths
2,002sqft
MultiFamily
Built in 1906
-- sqft lot
$-- Zestimate®
$225/sqft
$-- HOA
What's special
- 56 days
- 242
- 20
Zillow last checked:
Listing updated:
Listed by:
Chris Patton 509-994-5271,
Kelly Right Real Estate of Spokane
Source: SMLS as distributed by MLS GRID,MLS#: 202622528
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Natural Gas, Electric, Forced Air, Baseboard
Cooling
- Wall Unit(s)
Appliances
- Included: Free-Standing Range, Dishwasher, Refrigerator
- Laundry: In Basement
Features
- Basement: Walk-Out Access
- Has fireplace: Yes
- Fireplace features: Masonry, Wood Burning
Interior area
- Total structure area: 2,002
- Total interior livable area: 2,002 sqft
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
Lot
- Size: 2,683 Square Feet
- Features: Near Public Transit
Details
- Parcel number: 25244.1502
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1906
Community & HOA
HOA
- Amenities included: Laundry, Storage
Location
- Region: Spokane
Financial & listing details
- Price per square foot: $225/sqft
- Tax assessed value: $348,800
- Annual tax amount: $3,567
- Date on market: 8/13/2026
- Listing terms: Conventional,Cash,Owner Financing
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale | $449,900+115.3%$225/sqft |
Source: | ||
| 12/14/2018 | Listing removed | $209,000$104/sqft |
Source: R. C. Schwartz & Associates #201827426 Report a problem | ||
| 10/2/2018 | Price change | $209,000+13%$104/sqft |
Source: R. C. Schwartz & Associates #201823159 Report a problem | ||
| 8/20/2018 | Listed for sale | $184,900$92/sqft |
Source: R. C. Schwartz & Associates #201823159 Report a problem | ||
| 2/12/2015 | Listing removed | $550 |
Source: R.C. Schwartz & Associates, Inc. Report a problem | ||
| 2/6/2015 | Price change | $550-8.3% |
Source: R.C. Schwartz & Associates, Inc. Report a problem | ||
| 1/6/2015 | Listed for rent | $600 |
Source: R.C. Schwartz & Associates, Inc. Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,567 +6.4% | $348,800 +3.3% |
| 2024 | $3,353 +9.1% | $337,730 +6.6% |
| 2023 | $3,073 -1.8% | $316,930 -0.9% |
| 2022 | $3,130 +15.2% | $319,830 +35.7% |
| 2021 | $2,717 +16.6% | $235,700 +25.1% |
| 2020 | $2,329 +4.3% | $188,360 +0.9% |
| 2019 | $2,233 | $186,660 +6.9% |
| 2018 | $2,233 -8.1% | $174,560 +3% |
| 2017 | $2,430 +4.9% | $169,460 +9.3% |
| 2016 | $2,316 +4.5% | $155,060 -0.1% |
| 2015 | $2,216 | $155,160 |
| 2014 | $2,216 | $155,160 |
| 2013 | $2,216 +0% | -- |
| 2011 | $2,215 +16.9% | -- |
| 2010 | $1,895 | -- |
| 2009 | $1,895 +26.5% | -- |
| 2008 | $1,498 | -- |
| 2007 | $1,498 -82.8% | $134,560 |
| 2005 | $8,697 +417.3% | -- |
| 2004 | $1,681 +40.6% | -- |
| 2003 | $1,196 | -- |
| 2002 | $1,196 -0.2% | -- |
| 2001 | $1,198 -4.9% | $81,200 |
| 1999 | $1,259 | $81,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Cliff-Cannon
Nearby schools
Schools provided by the listing agent
- Elementary: Roosevelt
- Middle: Sacajawea
- High: Lewis & Clark
- District: Spokane Dist 81
Source: SMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






