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

1115 1st St, Cheney, WA 99004

Residential Income, Cheney, WA

Property Size9,600 SF
Lot Size0.19 Acres
Price / SF$104.17
Days on Market79

Property Features for 1115 1st St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Comm
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1
Parking 20
Parking features Offsite, Assigned
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 Electric (Heating), Baseboard

Building Details

Year built 1970
Number of units 11
Building materials Brick, Vinyl Siding
Roof type Composition
Listing Agency: Keller Williams Spokane - Main · Keller Williams Realty
Listed By: Nicole Page
Added: Jul 11 Changed: Sep 27 Last Checked: Sep 27 at 5:06PM
MLS# 202620814

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.

This 11-unit apartment property contains 9,600 square feet on a 0.1908-acre lot. The unit mix includes seven one-bedroom, one-bath apartments and four two-bedroom, one-bath apartments. Most units have received interior updates, and the building features brick and vinyl siding, a newer composition roof, concrete walkways, and assigned offsite parking. Baseboard and electric heating serve the property.

Constructed in 1970, the building is located at 1115 1st St in Cheney, Washington, within Spokane County. The property is designated Comm for zoning purposes. Its residential configuration, updated interiors, and established building improvements provide a clear operating profile for multifamily ownership.

Key Highlights

  • 11‑unit apartment property with 7 1/1 units and 4 2/1 units
  • 9,600 square feet on a 0.1908‑acre lot
  • Most units feature updated interiors

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 - Updated interiors, assigned parking, and a mix of one- and two-bedroom residences.
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‑unit apartment property with 7 1/1 units and 4 2/1 units; 9,600 square feet on a 0.1908‑acre lot; Most units feature updated interiors
More about this property
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