$1,200,000
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
About This Home
Cash flowing 11 unit apartment building in the heart of Cheney, home to Eastern Washington University. The unit mix (seven1-bed/1-bath, four 2-bed/1-bath) is perfectly suited to the steady demand of a college town. This is a low-maintenance investment from day one: newer roof, updated vinyl siding and windows, concrete walkways, and off-street parking mean fewer surprises and lower carrying costs. Rents are still under market, leaving real upside for a new owner to step in and capture immediate value. With Cheney's tight rental market and major new business growth on the West Plains driving long-term demand. Don't wait, cash flowing, college town assets like this don't last.
Property Details
Property Type
Commercial
Year Built
1970
County
Spokane
Lot Size
0.19 acres
Living Area
9,600 sqft
Price / Sqft
$125
Schools
Elementary: Cheney, Middle: Cheney, High: Cheney
Days on Market
66 days
MLS #
SAR202620912
Parcel #
13131.0506
Annual Taxes
$12,672.8
Total Building Area
9,600 sqft
MLS Area
A420/096
MLS Class
Commercial
Listing Terms
VA Loan, Conventional, Cash, Lease Purchase
Road Frontage
City Street, Paved Road
Lease Considered
No
Listed On
Jul 14, 2026
Status Changed
Jul 21, 2026
Last MLS Update
Jul 24, 2026
MLS Branch
513
School Information
Elementary
Cheney
Middle School
Cheney
High School
Cheney
Home Features & Details
Construction
Roof
Basement
Heating
Views
Listed By
Nicole Page
Keller Williams Spokane - Main
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
Estimated Monthly Payment
$6,500/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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