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1115 1st St
Cheney, WA 99004

Spokane Area Commercial

  • 9,600 Sqft
  • 0.19 Acre

$1,200,000

1 Day on market

MLS# 202620912

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

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.

Bedrooms: 0
Bathrooms: 0
SqFt: 9,600
County: Spokane
Year Built: 1970
New Construction:
Lot SqFt: 8,313
Basement
  • None
Heating / Cooling
  • Electric
  • Baseboard
Terms
  • VA Loan
  • Conventional
  • Cash
  • Lease Purchase
Roof
  • Composition

Office Details
Keller Williams Spokane - Main  —  (509) 458-4000

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 7/15/2026, 8:01 AM. 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.