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

1115 1st, Cheney, WA 99004

The property offers one- and two-bedroom apartments with off-street parking in Cheney, home to Eastern Washington University.

Property Size9,600 SF
Price / SF$104.17
Days on Market58

Property Features for 1115 1st

General Information

Standard status Active
Size 9,600 SF
Property subtype Commercial

Units

Unit Mix 7 x 1BR/1BA, 4 x 2BR/1BA
Multifamily Units 11

Taxes and HOA fees

Annual Taxes $12,672

Amenities

concrete walkways
off-street parking

Building Details

Year Built 1970
Buildings 1
Listing Agency: Keller Williams Spokane - Main
Listed By: Nicole Page
Source: Clearwaterproperties
Added: Aug 1 Changed: Sep 26 Last Checked: Sep 26 at 7:06AM

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 Keller Williams Spokane - Main

Investment Insights

Based on property information with market context.

This 9,600-square-foot apartment building contains 11 units, including seven 1-bed/1-bath apartments and four 2-bed/1-bath apartments. Physical improvements include a newer roof, updated vinyl siding and windows, concrete walkways, and off-street parking, providing a straightforward multifamily configuration with established on-site features.

The property is located at 1115 1st St in Cheney, Washington. Cheney is home to Eastern Washington University, providing a clear college-town context for the apartment asset.

Key Highlights

  • 11‑unit apartment building totaling 9,600 SF
  • Unit mix includes seven 1‑bed/1‑bath and four 2‑bed/1‑bath apartments
  • Newer roof with updated vinyl siding and windows

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - The property offers one- and two-bedroom apartments with off-street parking in Cheney, home to Eastern Washington University.
Where is this apartment building located?
The property is located at 1115 1st 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 building totaling 9,600 SF; Unit mix includes seven 1‑bed/1‑bath and four 2‑bed/1‑bath apartments; Newer roof with updated vinyl siding and windows
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message