1115 1st St, Cheney, WA 99004
- 9,600 sqft
Commercial Property 
Built in 1970 
8,276sqft lot
—— car garage 
$125/sqft 
Listed 23 days ago
Property Description
Cash flowing 11 unit apartment building in the heart of Cheney, home to Eastern Washington University. The unit mix (seven1-bed/1-bath, four 2-bed/1-bath) is perfectly suited to the steady demand of a college town. This is a low-maintenance investment from day one: newer roof, updated vinyl siding and windows, concrete walkways, and off-street parking mean fewer surprises and lower carrying costs. Rents are still under market, leaving real upside for a new owner to step in and capture immediate value. With Cheney's tight rental market and major new business growth on the West Plains driving long-term demand. Don't wait, cash flowing, college town assets like this don't last.
- Listing Status:
- Active
- Data Last Updated:
- August 6, 2026 at 1:19PM
- Listing Office:
- Keller Williams Spokane - Main : 208-627-9768
- Listing Agent:
- Nicole Page : 208-627-9768
- MLS ID:
- 202620912
- Parking: Parking spaces: 0
- Roofing: Composition
- Road/Access: City StreetPaved Road
- Originating MLS: sarmls
- School District: Cheney
- County: Spokane
- Zoning: 13131.0506
- View: City
- Source: sarmls
This listing courtesy of Nicole Page , Keller Williams Spokane - Main
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
