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

1115 1st St, Cheney, WA 99004

A varied one- and two-bedroom layout is complemented by updated exterior components and off-street parking.

Property Size9,600 SF
Price / SF$104.17
Days on Market104

Property Features for 1115 1st St

General Information

Standard status Active
Size 9,600 SF
Property subtype Commercial

Units

Unit Mix 6 x 1BR/1BA, 5 x 2BR/1BA
Multifamily Units 11

Taxes and HOA fees

Annual Taxes $12,672

Building Details

Building Size 9,600 SF
Year Built 1970
Buildings 1
Stories 3
Listing Agency: Keller Williams Spokane - Main
Listed By: Nicole Page
Source: Ericksrealty
Added: Jul 14 Changed: Oct 23 Last Checked: Oct 23 at 3:50PM

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

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Investment Insights

Based on property information with market context.

This 11-unit apartment property contains 9,600 square feet and was built in 1970. The unit mix includes six one-bedroom, one-bath apartments and five two-bedroom, one-bath apartments. Improvements include a newer roof, updated vinyl siding and windows, concrete walkways, and off-street parking.

The property is in Cheney, home to Eastern Washington University. The source information also notes business growth on the West Plains and a tight rental market in Cheney.

Key Highlights

  • 11 apartments totaling 9,600 square feet
  • Unit mix: six 1‑bedroom/1‑bath units and five 2‑bedroom/1‑bath units
  • Built in 1970

Property Analytics

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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
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A varied one- and two-bedroom layout is complemented by updated exterior components and off-street parking.
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 totaling 9,600 square feet; Unit mix: six 1‑bedroom/1‑bath units and five 2‑bedroom/1‑bath units; Built in 1970
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