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706 2nd St, Cheney, WA 99004

Spokane County

Key Facts

5,292Sq Ft
1900Year Built
0.23Lot (acres)

Description

Fantastic investment opportunity. Great location just a few blocks from Eastern Washington University. Past uses have been a fraternity and large group housing. Potential for commercial office building. Room for over 10+ parking spaces. The main floor offers a large dining hall and a large common area/meeting hall. The kitchen boasts commercial appliances that include a commercial dishwasher, a commercial gas range and commercial refrigerator. Tons of shelving's and storage room or pantry. There are 4 gas furnaces and 3 water heaters. All of the bedrooms do not have closets. 4 bedrooms on the main floor and one has an exit door that would make for a great office and 9 downstairs. There is a main floor bathroom with 2 urinals, 2 toilets, 3 sinks and walk in shower with 3 heads. The basement bathroom has 2 toilets, 1 walk in shower with 4 heads, 2 sinks and 2 toilets. The laundry room is located in the basement with 2 washer and dryer hook ups.

Property Information

Property Type

Residential Income

Style

Ranch

Year Built

1900

Living Area

5,292 sq ft

Lot Size

0.23 acres

Parking Spaces

12

Zoning

C-1

Days on Market

36

MLS® Listing#

202616001

Property Features

Interior

Pantry

Appliances

Gas RangeDishwasherRefrigerator

Heating

Natural GasForced Air

Basement

FullFinishedDaylightWalk-Out Access

Parking

Off Site

Laundry

In Basement

Fencing

Fenced

Lot Features

LevelCorner Lot

Construction

Brick VeneerVinyl Siding

Roof

Composition

Schools

Elementary:
Cheney
Middle:
Cheney
High:
Cheney

Financial Details

Annual Taxes

$5,348

Parcel Number

13131.1608

Directions

GPS

Affordability Calculator

$103,000

Estimated monthly payment

$2,741/mo

Principal $412,000 · Est. interest $574,777 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Cheney, WA

$478,571
Median Listing Price
47
Median Days on Market
1,883
Median Sq Ft
$229
Median Price / Sq Ft
132
Active Listings
  • This home’s price is 8% above the area median.
  • Its price per sq ft is 58% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Cheney, WA.

Location

Map showing the location of 706 2nd St, Cheney, WA 99004

Getting Around

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Points of Interest in Cheney, WA

Showing the Cheney area map.

Nearby Schools

  • Three Springs High School

    Secondary · 0.2 mi away

  • Betz Elementary School

    Elementary · 0.4 mi away

  • Cheney High School

    Secondary · 0.6 mi away

  • Ewu Children's Center - Spokane YMCA

    School · 0.6 mi away

  • Salnave Elementary School

    Elementary · 1.2 mi away

  • Cheney Middle School

    Secondary · 1.2 mi away

  • University Preschool

    School · 1.3 mi away

  • Cheney Public Schools

    Elementary · 3.9 mi away

  • Three Springs High School

    Secondary · 3.9 mi away

  • Western States Engineers Training Institute

    School · 6.8 mi away

  • Hallett Elementary

    Elementary · 7.3 mi away

  • Medical Lake Middle School

    Secondary · 7.3 mi away

  • Medical Lake School District Trans

    School · 7.3 mi away

  • Snowdon Elementary School

    Elementary · 7.5 mi away

  • Schools-Public Special Services

    School · 7.7 mi away

  • Medical Lake High School

    Secondary · 7.7 mi away

  • Medical Lake School District No 326

    Elementary · 7.8 mi away

  • Martin Hall Detention Ctr

    Secondary · 8.0 mi away

  • Windsor Elementary School

    Elementary · 8.3 mi away

  • Westwood Middle School

    Secondary · 8.5 mi away

Commute Calculator

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Nearby Homes

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Similar Home Values

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Moving Cost Estimate

EXIT Agents in Cheney

Listing Courtesy: Cheney Realty, Inc. - 5092356191

Listings courtesy of the Spokane Association of REALTORS® as distributed by MLS GRID. Based on information submitted to the MLS GRID. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by Spokane. MLS® Listing#202616001. © 2026EXIT Realty®. All rights reserved.