Cheney, WA Apartment Buildings for Sale

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Updated: Jul 11

11-Unit Apartment Building

1115 1st St, Cheney, WA 99004

$1,200,000

9,600 sqft 0.19 AC lot

11‑unit apartment building in Cheney with a 7 x 1‑bedroom /1‑bath and 4 x 2‑bedroom /1‑bath unit mix
Updated exterior improvements include a newer composition roof and updated vinyl siding and windows
Updated interiors with the current owner having moved rents and updated most units
Low‑maintenance property features include concrete walkways and off‑street assigned parking (offsite)
Built in 1970 with baseboard and electric heating

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This listing looks promising.

Here's a quick look at some key insights for

1115 1st St, Cheney, WA 99004

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Est. Cap Rate

8.2%
Above avg (5.9%)
Est. NOI

$98K
Annual
Price @ 7% Cap

$1.4M
Above asking
Property Type

Apartments (Generic)
Built 1970

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Based on your search, we've compiled 53 Potential Opportunities for your consideration. Besides 1 Active listings in Cheney, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 44 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated Multifamily with On-Site Parking

1427 W 7th Ave, Spokane, WA 99204

$645,000

3,919 sqft 0.16 AC lot

Renovated 6-unit apartment building with a mix of studios and 1-bed units and on-site parking for added convenience.

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South Hill Multifamily Investment Opportunity

618 E 23RD Ave, Spokane, WA 99203

$775,000

6,300 sqft 0.13 AC lot

Spacious multifamily property in premier South Hill neighborhood near Manito Park.

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South Hill 5-Plex Investment

1621 W 9TH Ave, Spokane, WA 99223

$535,000

4,535 sqft 0.16 AC lot

Well-maintained 5-plex with rental history in Spokane, WA.

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25-Unit Apartment Complex

1212 W 7th Ave/618 S Jefferson St, Spokane, WA 99204

$4,000,000

Modernized 25-unit multifamily with new roofs and upgraded systems, plus basement storage for tenants.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Pahrump Land Investment Opportunity

2001 Casino Street, Pahrump, NV 89048

Contact for pricing

0.31 AC lot

0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

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Lancaster Corner Lot Investment Opportunity

Newgrove Street, Lancaster, CA 93534

$350,000

0.17 AC lot

0.17-acre corner lot in Lancaster with development potential.

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Prime Commercial Land Opportunity

31426 The Old Road N, Castaic, CA 91384

$2,250,000

2.05 AC lot

2+ acres of commercially zoned land with freeway exposure.

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Development Opportunity with DTLA Views

700 Lookout Dr, Los Angeles, CA 90012

$799,000

0.22 AC lot

Land with potential for up to 23 units.

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Off-Market Properties in Cheney, WA

Consider similar Off-Market properties in Cheney, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

HIGH-RISE APARTMENTS

1306 3rd St, Cheney, WA 99004-1861

$2,810,000

Estimated value

4,901 sqft 0.27 AC lot

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HIGH-RISE APARTMENTS

1320 3rd St, Cheney, WA 99004-1852

$2,675,000

Estimated value

4,901 sqft 0.29 AC lot

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APARTMENT HOUSE (5+ UNITS)

410 2nd St, Cheney, WA 99004-1604

$2,505,000

Estimated value

0.11 AC lot

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APARTMENT HOUSE (5+ UNITS)

511 Clay St, Cheney, WA 99004-5091

$1,435,000

Estimated value

1,344 sqft 0.68 AC lot

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HIGH-RISE APARTMENTS

1605 1st St, Cheney, WA 99004-1900

Value Estimation by Request

1,512 sqft 0.24 AC lot

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HIGH-RISE APARTMENTS

1705 2nd St, Cheney, WA 99004-1909

Value Estimation by Request

2,606 sqft 0.24 AC lot

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APARTMENT HOUSE (5+ UNITS)

107 Blackhawk Ln, Cheney, WA 99004-6005

Value Estimation by Request

1,644 sqft 0.08 AC lot

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APARTMENT HOUSE (5+ UNITS)

103 Blackhawk Ln, Cheney, WA 99004-6005

Value Estimation by Request

1,644 sqft 0.09 AC lot

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APARTMENT HOUSE (5+ UNITS)

91 Blackhawk Ln, Cheney, WA 99004-6052

Value Estimation by Request

1,644 sqft 0.09 AC lot

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APARTMENT HOUSE (5+ UNITS)

97 Blackhawk Ln, Cheney, WA 99004-6052

Value Estimation by Request

1,644 sqft 0.08 AC lot

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APARTMENT HOUSE (5+ UNITS)

109 Blackhawk Ln, Cheney, WA 99004-6005

Value Estimation by Request

1,644 sqft 0.07 AC lot

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APARTMENT HOUSE (5+ UNITS)

111 Blackhawk Ln, Cheney, WA 99004-6005

Value Estimation by Request

1,644 sqft 0.10 AC lot

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