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Modern 90-Unit Apartment Building
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1026 West 1st Street, Cheney, WA 99004

Recently constructed apartments offer in-unit laundry, quartz countertops, LVP flooring, and modern HVAC systems.

Property SizeContact for details
Days on Market6

Property Features for 1026 West 1st Street

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 30 x Studio, 30 x 1BR/1BA, 30 x 2BR/2BA
Multifamily Units 90

Additional Details

Average Monthly Rent $1,212
Highway Access Yes

Amenities

in-unit laundry
quartz countertops
LVP flooring
modern HVAC systems

Building Details

Year Built 2019
Listing Agency: Northmarq
Listed By: Steve Fischer · License #87455
Source: Crexi
Added: Sep 8 Changed: Sep 11 Last Checked: Sep 12 at 4:31AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq

Investment Insights

Based on property information with market context.

Cheney Park Commons is a 2019-built apartment property at 1026 West 1st Street in Cheney, Washington. The 90-unit community includes 30 studios, 30 one-bedroom units with one bathroom, and 30 two-bedroom units with two bathrooms. Average unit size is 764 square feet, and individual residences include laundry equipment, quartz countertops, LVP flooring, and modern HVAC systems.

The property is located less than one mile from Eastern Washington University's main campus and 17 miles south of downtown Spokane. Other nearby demand drivers include Eastern Washington State Hospital, Fairchild Air Force Base, and the I-90 logistics warehouse corridor between Cheney and Spokane.

Key Highlights

  • 90‑unit apartment community built in 2019
  • Unit mix includes 30 studios, 30 1 Bed/1 Bath units, and 30 2 Bed/2 Bath units
  • Average unit size of 764 square feet

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Auto Repair Shop Building Supply Law Firm HVAC Service

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

90
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

67
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 - Recently constructed apartments offer in-unit laundry, quartz countertops, LVP flooring, and modern HVAC systems.
Where is this apartment building located?
The property is located at 1026 West 1st Street Cheney, WA.
What are key features of this property?
This property features: 90‑unit apartment community built in 2019; Unit mix includes 30 studios, 30 1 Bed/1 Bath units, and 30 2 Bed/2 Bath units; Average unit size of 764 square feet
(206) 505-9435 Call to check price and availability
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