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1239 1st St
Cheney, WA 99004

Spokane Area Rental

  • 2,832 Sqft
  • 0.42 Acre

$599,900

5 Months on market

MLS# 202515040

Listing courtesy of Spokane Association of REALTORS MLS as distributed by MLS GRID.

This fourplex is a turnkey investment with strong cash flow and excellent equity potential! 2: 2-bed one-bath, 2: 1-bed one-bath units feature spacious bedrooms, abundant natural light, updated kitchens & bathrooms, and modern flooring. Back lot is zoned commercial, tenants enjoy a massive shared front & back yard, perfect for BBQs and water balloon fights, bringing a true sense of community! Recent 2023 renovations have enhanced the property, with room for further improvements to increase equity and rental income. Shared laundry facilities add convenience, while its prime location on the bus routes ensures easy commuting. This is a fantastic opportunity for investors and owner-occupants, possibly eligible for FHA, 203K FHA, and VA financing, don’t miss out!

SqFt: 2,832
County: Spokane
Year Built: 1975
Basement
  • Crawl Space
Kitchen / Appliances
  • Free-Standing Range
  • Refrigerator
Garage / Parking
  • Off Site
Heating / Cooling
  • Electric
  • Baseboard
Lot / Information
  • Fenced Yard
  • Level
  • Hillside
  • Corner Lot
Roof
  • Composition

Office Details
Touchstone Real Estate Group  —  (509) 559-9225

Broker Reciprocity MLS Disclaimer: Copyright of the Spokane Association of REALTORS MLS. All rights reserved. Listing information deemed reliable but not guaranteed.

IDX listing information is provided exclusively for consumers’ personal, noncommercial use. All other uses are strictly prohibited. The listing information displayed herein is based on information submitted to the MLS GRID as of 9/11/2025, 2:02 PM. 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.