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1118 Oakland St Cheney, WA 99004

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For Sale
$4,500,000

Multifamily community with value-add potential near Eastern Washington University.

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Listing Contact
Barb Pielli
Barb Pielli
Source: Cbcworldwide

Listing Agency: Bornhoft Commercial Listing Agent: Barb Pielli

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Multifamily Property Near Eastern University

Talsman Apartments, constructed in 1967, is a multifamily community located at 1118 Oakland Street in Cheney, WA, directly adjacent to Eastern Washington University. The property features a mix of one-, two-, and three-bedroom units, many of which include private patios or balconies. An on-site coin-operated laundry facility provides additional income. The property benefits from a proven rental history and consistent demand from students, faculty, and local workforce tenants. Water and garbage are included in the rent. Tenants are responsible for electricity and sewer, which reduces landlord expenses. Buyers have the flexibility to implement their own management strategy and reposition the asset for greater efficiency. Talsman Apartments presents an attractive investment opportunity in the growing Cheney market.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Cheney
County
Spokane
State
Washington
Longitude
-117.5858884
Latitude
47.4958666

FAQs

What type of property is this?
Apartment building - Multifamily community with value-add potential near Eastern Washington University.
Where is this apartment building located?
The property is located at 1118 Oakland St Cheney, WA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: - Prime location directly adjacent to Eastern Washington University.; - Mix of one-, two-, and three-bedroom units, many with **private patios or balconies**.; - Proven rental history with strong, consistent demand.
More about this property
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