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11-Unit Apartment Building
For Sale
$1,000,000

1115 1st St, Cheney, WA 99004

Commercial Sale, Cheney, WA

Property Size9,600 SF
Lot Size0.19 Acres
Price / SF$104.17
Days on Market76

Property Features for 1115 1st St

General Information

Property type Commercial Sale
Property subtype Other
Zoning COM
View City
Elementary school Betz
Middle school Cheney
High school Cheney
Elementary school district Cheney
Directions GPS is accurate
Standard status Active
APN 13131.0506
Size 9,600 SF
Lot size 0.19 Acres

Taxes and HOA fees

Tax Annual Amount 12673

Utilities

Heating system Baseboard, Electric (Heating)

Building Details

Year built 1970
Floors in Building 3
Building materials Brick, Vinyl Siding
Roof type Composition
Listing Agency: Keller Williams Spokane - Main · Keller Williams Realty
Listed By: Nicole Page
Added: Jul 14 Changed: Sep 27 Last Checked: Sep 27 at 6:06PM
MLS# 202620912

Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1970, this 11-unit apartment property contains 9,600 square feet on a 0.1908-acre lot. The unit mix includes six one-bedroom, one-bathroom apartments and five two-bedroom, one-bathroom apartments. Construction includes brick and vinyl siding, with a composition roof, electric baseboard heat, and concrete walkways. Vinyl siding and windows have been updated, and off-street parking is available.

The property is at 1115 1st St in Cheney and is zoned COM.

Key Highlights

  • 11 apartments: six 1‑bedroom/1‑bath units and five 2‑bedroom/1‑bath units
  • 9,600‑square‑foot building on a 0.1908‑acre lot
  • Off‑street parking and concrete walkways

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store Storage Facility Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

452
Businesses Nearby

Demographics for 99004, WA

23,064
Population
8,992
Households
2.6
Avg Household Size
29
Median Age
36%
College-Educated
93%
High-School Grad
334.3 sq mi
ZIP Area
69
Density / Sq Mi
$62,014
Median Household Income
$29,835
Median Earnings
$1,081
Median Rent
$368,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - The property offers a mix of one- and two-bedroom units in Cheney.
Where is this apartment building located?
The property is located at 1115 1st St Cheney, WA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 11 apartments: six 1‑bedroom/1‑bath units and five 2‑bedroom/1‑bath units; 9,600‑square‑foot building on a 0.1908‑acre lot; Off‑street parking and concrete walkways
More about this property
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