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    Cheney, WA
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    Cheney, WA Multifamily Properties for Sale

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    12 properties
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    11-Unit Apartment Building
    Updated: Jul 14
    11-Unit Apartment Building

    1115 1st St, Cheney, WA 99004

    $1,200,000
    9,600 sqft 0.19 AC lot
    11‑unit apartment building with 9,600 square feet
    Unit mix includes seven 1‑bed/1‑bath and four 2‑bed/1‑bath apartments
    0.1908‑acre parcel at 1115 1st St, Cheney, WA 99004
    Brick construction with updated vinyl siding and windows
    Newer composition roof, concrete walkways, and off‑street parking
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    11-Unit Apartment Building
    Updated: Jul 11
    11-Unit Apartment Building

    1115 1st St, Cheney, WA 99004

    $1,200,000
    9,600 sqft 0.19 AC lot
    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
    Newer composition roof, vinyl siding, and concrete walkways
    Assigned and offsite parking
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    Contemporary Duplex with Garages
    Contemporary Duplex with Garages

    916 2nd St, Cheney, WA 99004

    $624,950
    3,065 sqft 0.14 AC lot

    Two leased residences provide three bedrooms, 2.5 baths, and dedicated two-car garages on each side.

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    See what stands out in Spokane County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    Remodeled Duplex with Attached Garages
    Remodeled Duplex with Attached Garages

    314 3rd, Cheney, WA 99004

    $550,000
    3,200 sqft

    Two expansive residences offer private driveways, climate control, laundry, and flexible living arrangements near Eastern Washington University.

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    Updated Historic Triplex
    Updated Historic Triplex

    323 5th St, Cheney, WA 99004

    $410,000
    3,008 sqft 0.17 AC lot

    Fully occupied three-unit property with separate meters and recent improvements across from Eastern Washington University.

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    Newer Duplex with Two-Car Garages
    Newer Duplex with Two-Car Garages

    916 2nd St, Cheney, WA 99004

    $624,950
    3,065 sqft

    Each residence offers three bedrooms, two-and-a-half baths, and low-maintenance landscaping.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    11-Unit Apartment Building
    11-Unit Apartment Building

    1115 1st, Cheney, WA 99004

    $1,200,000
    9,600 sqft

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

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    Brick Rancher Duplex
    Brick Rancher Duplex

    1521 4th St, Cheney, WA 99004

    $295,000
    1,638 sqft

    Duplex with two 2-bedroom, 1-bath units, each with its own porch, storage, and off-street parking, both currently rented.

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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    104 3rd St, Cheney, WA 99004

    $425,000
    2,400 sqft

    Three separate units include a 3-bedroom home, a lower-level 2-bedroom, and a private-entry studio layout.

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    Lakeside RV Recreation Parcel
    Lakeside RV Recreation Parcel

    13901 S Clear Lake Rd Unit 306, Cheney, WA 99004

    $120,000

    Gated community parcel includes utility connections and access to shared waterfront amenities.

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    Modern 90-Unit Apartment Building
    Modern 90-Unit Apartment Building

    1026 West 1st Street, Cheney, WA 99004

    Contact for pricing

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

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    Cheney Multifamily Property For Sale
    Cheney Multifamily Property For Sale

    113 N 9th St, Cheney, WA 99004

    Contact for pricing

    Multifamily property available for purchase in Cheney, Washington.

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    Based on your search, we've compiled 73 Potential Opportunities for your consideration. Besides 12 Active listings in Cheney, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 56 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Medical Lake Duplex Investment Opportunity
    Medical Lake Duplex Investment Opportunity

    931-933 N Stanley St, Medical Lake, WA 99022

    $565,000
    2,614 sqft

    Fully rented duplex near Fairchild AFB with income potential.

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    Updated 4-Unit Quadplex
    Updated 4-Unit Quadplex

    1818 10th, Spokane, WA 99203

    $500,000
    2,800 sqft

    Renovated interiors include granite kitchens, tiled bathrooms, shared laundry, storage, and carport parking.

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    Duplex with Three-Bedroom Units
    Duplex with Three-Bedroom Units

    316 N Silver Lake Ave, Medical Lake, WA 99022

    $385,000
    0.29 AC lot

    Two residential units feature practical floor plans, appliance packages, and electric and forced-air heating.

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    Two-Property Multifamily Portfolio
    Two-Property Multifamily Portfolio

    2003 W 10th Ave, Spokane, WA 99204

    $995,000

    For sale portfolio of two well-maintained multifamily properties totaling 10 units with on-site laundry and off-street parking.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Multi-Family Zoned Lot Near EWU
    Multi-Family Zoned Lot Near EWU

    7 5th St, Cheney, WA 99004

    $460,000
    0.37 AC lot

    16,000 sq ft multi-family zoned lot near Eastern Washington University.

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    Off-Market Properties in Cheney, WA

    Consider similar Off-Market properties in Cheney, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1306 3rd St
    HIGH-RISE APARTMENTS

    1306 3rd St, Cheney, WA 99004-1861

    Estimated value:
    $2,510,000
    4,901 sqft 0.27 AC lot
    View details
    1320 3rd St
    HIGH-RISE APARTMENTS

    1320 3rd St, Cheney, WA 99004-1852

    Estimated value:
    $2,510,000
    4,901 sqft 0.29 AC lot
    View details
    410 2nd St
    APARTMENT HOUSE (5+ UNITS)

    410 2nd St, Cheney, WA 99004-1604

    Estimated value:
    $2,240,000
    0.11 AC lot
    View details
    511 Clay St
    APARTMENT HOUSE (5+ UNITS)

    511 Clay St, Cheney, WA 99004-5091

    Estimated value:
    $1,380,000
    1,344 sqft 0.68 AC lot
    View details
    840 1st St
    MOBILE HOME PARK, TRAILER PARK

    840 1st St, Cheney, WA 99004-9748

    Estimated value:
    $1,340,000
    1,130 sqft 3.16 AC lot
    View details
    1605 1st St
    HIGH-RISE APARTMENTS

    1605 1st St, Cheney, WA 99004-1900

    Estimated value:
    $330,000
    1,512 sqft 0.24 AC lot
    View details
    1705 2nd St
    HIGH-RISE APARTMENTS

    1705 2nd St, Cheney, WA 99004-1909

    Estimated value:
    $270,000
    2,606 sqft 0.24 AC lot
    View details
    107 Blackhawk Ln
    APARTMENT HOUSE (5+ UNITS)

    107 Blackhawk Ln, Cheney, WA 99004-6005

    Estimated value:
    $260,000
    1,644 sqft 0.08 AC lot
    View details
    103 Blackhawk Ln
    APARTMENT HOUSE (5+ UNITS)

    103 Blackhawk Ln, Cheney, WA 99004-6005

    Estimated value:
    $255,000
    1,644 sqft 0.09 AC lot
    View details
    91 Blackhawk Ln
    APARTMENT HOUSE (5+ UNITS)

    91 Blackhawk Ln, Cheney, WA 99004-6052

    Estimated value:
    $255,000
    1,644 sqft 0.09 AC lot
    View details
    97 Blackhawk Ln
    APARTMENT HOUSE (5+ UNITS)

    97 Blackhawk Ln, Cheney, WA 99004-6052

    Estimated value:
    $255,000
    1,644 sqft 0.08 AC lot
    View details
    109 Blackhawk Ln
    APARTMENT HOUSE (5+ UNITS)

    109 Blackhawk Ln, Cheney, WA 99004-6005

    Estimated value:
    $260,000
    1,644 sqft 0.07 AC lot
    View details

    Cheney, WA Multifamily Properties Market Trends and Statistics

    Explore 68 multifamily properties for sale in Cheney, WA, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 45,176 square feet of properties for sale, with an estimated market value of $6,649,900.

    Sale prices for multifamily properties in Cheney, WA start at $120,000, averaging $664,990, and reaching up to $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 4
    Duplexes 4
    Triplexes 2
    Mobile home & RV parks 1

    Demographics Overview

    Population 22K
    Population Growth (5Y) +10.0%
    Median Household Income $62,014
    College Educated 49.8%

    High-Yield Neighborhoods for Investment

    Identify Cheney submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    99004 $581.7K

    Taxes & Financing

    Tax Rate (average for all types) 0.82%
    Property Tax per SF $9.07 per SF
    Tax Rate vs County Average 0.04 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Spokane County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Spokane County

    Office

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Cheney fall within the 2,500 to 5,000 square foot range.

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