1115 1st St, Cheney, WA 99004
sale
$1,200,000
|
Other
Courtesy Of Keller Williams Realty Spokane
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.
Read More About This Property
Read Less About This Property
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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.
Property Features
- Age: Over 50 Years Old
- Exterior Type: Vinyl Siding
- Exterior Type: Brick
- Floors: 3
- Heating System: Electric (Heating)
- Heating System: Baseboard
- MLSID: 202620912
- Roof Type: Composition
- View Type: City
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.