9,600 sqft

$1,000,000

1115 1st St, Cheney WA, 99004

Price per sqft$104.17

Built in1970

Property size9,600 sqft

Property typeCommercial

Courtesy of Keller Williams Spokane - Main, Nicole Page Listing Contact: Main: 208-627-9768

Overview

Active

Listed Jul 14, 2026

Updated 9 days ago

Cash flowing 11 unit apartment building in the heart of Cheney, home to Eastern Washington University. The unit mix (six 1-bed/1-bath, five 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.

Additional information

MLS^® ID: 202620912

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.19 Acres

Other Property Details

Taxes: $12,673
Tax Frequency: Annually
View: Yes

Listings courtesy of WA - Spokane Association of REALTORS (SAR) as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Katie McDaris Marks shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 4:47 AM UTC on 10/2/2026. 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.

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