5 2nd St, Cheney, WA 99004
Spokane County
Key Facts
Description
Solid multifamily opportunity in Cheney just minutes from Eastern Washington University. This 4-plex features all units occupied, providing immediate rental income. Each unit includes its own washer and dryer for added tenant convenience. The property offers off-street parking and a location close to campus, dining, shopping, and everyday amenities—making it attractive for tenants. Great value-add potential for investors looking to expand their portfolio in a strong rental market.
Property Information
Property Type
Residential Income
Style
Other
Year Built
1999
Living Area
2,496 sq ft
Lot Size
0.14 acres
Days on Market
110
MLS® Listing#
202613422
Property Features
Interior
Appliances
Heating
Basement
Parking
Lot Features
Roof
Schools
- Elementary:
- Betz Elementary
- Middle:
- Cheney Middle School
- High:
- Cheney
Financial Details
Annual Taxes
$6,068
Parcel Number
13133.0108
Directions
From I-90 West, Exit 270 SR904 West to Four Lakes, Cheney. Continue on SR-904 through town, Right on I Street, Left on 2nd.
Affordability Calculator
$135,000
Estimated monthly payment
$3,593/mo
Principal $540,000 · Est. interest $753,348 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cheney, WA
- $485,965
- Median Listing Price
- 45
- Median Days on Market
- 1,889
- Median Sq Ft
- $231
- Median Price / Sq Ft
- 135
- Active Listings
- This home’s price is 39% above the area median.
- Its price per sq ft is 17% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cheney, WA.
Location
Getting Around
Points of Interest in Cheney, WA
Showing the Cheney area map.
Nearby Schools
Ewu Children's Center - Spokane YMCA
School · 0.3 mi away
Three Springs High School
Secondary · 0.3 mi away
Betz Elementary School
Elementary · 0.8 mi away
Salnave Elementary School
Elementary · 0.8 mi away
Cheney High School
Secondary · 0.9 mi away
Cheney Middle School
Secondary · 1.5 mi away
University Preschool
School · 1.7 mi away
Cheney Public Schools
Elementary · 4.3 mi away
Three Springs High School
Secondary · 4.3 mi away
Western States Engineers Training Institute
School · 6.9 mi away
Hallett Elementary
Elementary · 7.4 mi away
Medical Lake Middle School
Secondary · 7.4 mi away
Medical Lake School District Trans
School · 7.4 mi away
Schools-Public Special Services
School · 7.8 mi away
Medical Lake High School
Secondary · 7.9 mi away
Snowdon Elementary School
Elementary · 7.9 mi away
Medical Lake School District No 326
Elementary · 8.0 mi away
Martin Hall Detention Ctr
Secondary · 8.1 mi away
Windsor Elementary School
Elementary · 8.7 mi away
Westwood Middle School
Secondary · 8.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 7121 S HEVER St, Cheney, WA | $474,500 | 4 | 2 | 2,017 |
| 9901 W January Dr, Cheney, WA | $479,900 | 3 | 2 | 1,550 |
| 17414 S Malloy Prairie Rd, Cheney, WA | $480,000 | 3 | 2 | 1,498 |
| 7109 S Hever St, Cheney, WA | $480,000 | 4 | 2 | 2,017 |
| 14424 S Cheney-Spokane Rd, Cheney, WA | $488,000 | 2 | 1 | 1,020 |
| 24315 S Columbia Basin Hwy, Cheney, WA | $489,500 | 3 | 2 | 1,248 |
Moving Cost Estimate
EXIT Agents in Cheney
Listing Courtesy: Haven Real Estate Group - 5095901765