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Cheney, WA

Multifamily

Cheney, WA Multifamily Properties for Sale

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Four Lakes, WA Spokane, WA Medical Lake, WA Spangle, WA Airway Heights, WA Edwall, WA Valleyford, WA Reardan, WA

13 properties

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11-Unit Apartment Building

Updated: Jul 14

11-Unit Apartment Building

1115 1st St, Cheney, WA 99004

$1,000,000

9,600 sqft 0.19 AC lot

11 apartments: six 1‑bedroom/1‑bath units and five 2‑bedroom/1‑bath units
9,600‑square‑foot building on a 0.1908‑acre lot
Off‑street parking and concrete walkways
Updated vinyl siding and windows; composition roof
Built in 1970; COM zoning

11-Unit Apartment Building

Updated: Jul 11

11-Unit Apartment Building

1115 1st St, Cheney, WA 99004

$1,000,000

9,600 sqft 0.19 AC lot

11 apartments totaling 9,600 square feet
Unit mix: six 1‑bedroom/1‑bathroom units and five 2‑bedroom/1‑bathroom units
0.1908‑acre parcel
Built in 1970 with brick and vinyl siding and a composition roof
Interior updates in most apartments; updated windows and vinyl siding

Triplex with Separately Metered Units

Triplex with Separately Metered Units

323 5th St, Cheney, WA 99004

$399,400

3,008 sqft 0.17 AC lot

Across from Eastern Washington University, the property includes individual meters and off-street parking for each residence.

See hot listings in Cheney

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in

Est. NOI available after sign in

Local Demand available after sign in

10-Unit Apartment Building

10-Unit Apartment Building

607 C, Cheney, WA 99004

$1,250,000

4,200 sqft 0.27 AC lot

Resident amenities include on-site laundry, off-street parking, and proximity to public transportation.

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.

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.

Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads

11-Unit Apartment Building

11-Unit Apartment Building

1115 1st St, Cheney, WA 99004

$1,000,000

9,600 sqft

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

9-Unit Apartment Building

9-Unit Apartment Building

621 3rd St, Cheney, WA 99004

$975,000

7,656 sqft

Occupied residences feature kitchen appliances and freestanding electric fireplaces.

Historic Triplex

Historic Triplex

323 5th St, Cheney, WA 99004

$399,400

3,008 sqft

Each residence has separate utility metering and its own off-street parking space.

Four-Unit Multifamily Property

Four-Unit Multifamily Property

5 2nd St, Cheney, WA 99004

$675,000

2,496 sqft

Individual in-unit laundry and off-street parking serve the occupied residences.

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.

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.

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.

Based on your search, we've compiled 74 Potential Opportunities for your consideration. Besides 13 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.

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.

Two-Unit Duplex with Garage

Two-Unit Duplex with Garage

4027 N Washington Rd #2, Spokane, WA 99205

$425,000

Spokane duplex with distinct unit layouts, updated lower-level kitchen, private upper access, and detached garage storage.

Duplex with Detached Garage

Duplex with Detached Garage

4027 N Washington Rd, Spokane, WA 99205

$435,000

The lower residence has three bedrooms, hardwood flooring, an updated kitchen, and a fenced yard.

Duplex with Off-Street Parking

Duplex with Off-Street Parking

316 N Silver Lake Ave, Medical Lake, WA 99022

$385,000

Both units offer three-bedroom layouts and off-street parking.

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.

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

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

410 2nd St

APARTMENT HOUSE (5+ UNITS)

410 2nd St, Cheney, WA 99004-1604

Estimated value:

$2,240,000

0.11 AC lot

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

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

1605 1st St

HIGH-RISE APARTMENTS

1605 1st St, Cheney, WA 99004-1900

Estimated value:

$330,000

1,512 sqft 0.24 AC lot

1705 2nd St

HIGH-RISE APARTMENTS

1705 2nd St, Cheney, WA 99004-1909

Estimated value:

$270,000

2,606 sqft 0.24 AC lot

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

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

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

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

Cheney, WA Multifamily Properties Market Trends and Statistics

Explore 69 multifamily properties for sale in Cheney, WA, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 55,298 square feet of properties for sale, with an estimated market value of $8,068,700.

Sale prices for multifamily properties in Cheney, WA start at $120,000, averaging $733,518, and reaching up to $1,250,000 — 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

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	$682.8K

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 Residential Income pricing trends in Spokane County

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.

How Realmo verifies these figures

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