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$410,000
Joey Costello
Windermere North Spokane
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About This Home
The Fifth Street Apartments are a well-located, low-maintenance fourplex with value-add potential. Rents can be increased to market levels with minor cosmetic upgrades, allowing for immediate income growth. Situated in Cheney, WA just 3 blocks from Eastern Washington University, 20 minutes from downtown Spokane, and 20 minutes from the airport, offering convenience for tenants. The property includes one spacious 3 bedroom 1 bathroom unit, three 1 bedroom 1 bathroom units, a shared laundry room, two storage sheds, and a shared parking lot.
Sale Summary
Sold Price
$400,000
List Price
$410,000
Sale vs List
-2%
Close Date
Sep 23, 2025
Financing
Conventional
Buyer's Agent
Melissa Murphy
Property Details
Property Type
Rental
Year Built
1945
County
Spokane
Lot Size
0.23 acres
Living Area
3,406 sqft
Price / Sqft
$120
Garage
1-car
Schools
Elementary: Cheney
Days to Sell
131 days
MLS #
SAR202516766
Parcel #
13132.4801
Total Building Area
3,406 sqft
MLS Area
A420/131
MLS Class
Rental Income
Listing Terms
See Remarks
Road Frontage
City Street
MLS Status
Sold
Listed On
May 14, 2025
Went Pending
Aug 20, 2025
Status Changed
Sep 24, 2025
Last MLS Update
Sep 24, 2025
MLS Branch
217
School Information
Elementary
Cheney
Home Features & Details
Construction
Structure Type
Roof
Basement
Heating
Parking
Listed By
Jim Lister
Windermere Manito, LLC
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
$2,221/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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