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    Cheney, WA
    Quadplex

    Cheney, WA Quadplexes for Sale

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    Medical Lake, WA Spokane, WA Spangle, WA
    Victorian 4-Plex Near EWU Campus
    Updated: Feb 5
    Victorian 4-Plex Near EWU Campus

    422 4th St, Cheney, WA 99004

    $450,000
    2,215 sqft · 0.11 AC lot
    Prime Location: Situated on Greek Row, one block from EWU campus, ideal for students and visitors.
    Income Potential: A well‑maintained 4‑unit rental property with all units currently occupied, offering immediate rental income.
    Unique Units: Each unit offers individual character and charm, with some having a history of successful Airbnb rentals.
    Recent Updates: Features new appliances, fixtures, flooring, fresh paint throughout, and remodeled tiled bathrooms.
    Low Landlord Expenses: Individual electric meters for each unit, with tenants responsible for electric, sewer, and garbage.
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    This listing looks promising.

    Here's a quick look at some key insights for

    422 4th St, Cheney, WA 99004

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    • Est. Cap Rate

      5.5%
      NOI ÷ price

    • Est. NOI

      $25K
      Annual

    • Mortgage

      $214K
      Feb 2021

    • Last Sold

      Feb 2021
      $285K

    • Property Type

      Quadplex
      Built 1895
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Cheney, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

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    Fourplex Residential Income Property

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    $1,449,000
    5,392 sqft · 0.27 AC lot

    Well-maintained 4plex with two furnished units used as executive short-term rentals and two long-term rental units.

    View details
    Turnkey Fourplex with Updated Exterior
    Turnkey Fourplex with Updated Exterior

    1815 W 10th Ave, Spokane, WA 99204

    $524,999
    2,925 sqft · 0.14 AC lot

    Four 1-bedroom, 1-bath units in a maintained Spokane South Hill fourplex with recent exterior updates.

    View details
    South Hill Fourplex on Acreage
    South Hill Fourplex on Acreage

    1023 W 6th Ave, Spokane, WA 99204

    $669,000
    3,016 sqft · 0.46 AC lot

    Fourplex with development potential on nearly half an acre.

    View details
    Post Falls Multifamily Investment Property
    Post Falls Multifamily Investment Property

    3414 E 12TH Ave, Post Falls, ID 83854

    $1,045,000
    5,184 sqft · 0.35 AC lot

    Spacious 3-bedroom townhouse-style units with a history of high occupancy.

    View details

    Cheney, WA Quadplexes Market Trends and Statistics

    Explore 1 quadplexes for sale in Cheney, WA on our real estate platform. These investment opportunities span a total of 2,215 square feet of properties for sale, with an estimated market value of $450,000.

    Sale prices for four-unit buildings in Cheney, WA start at $450,000, averaging $450,000, and reaching up to $450,000 — 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

    Duplexes 1
    Quadplexes 1
    Short term rental properties 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 $450K

    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)

    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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