Bought with Melissa Murphy
$400,000
$410,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
201 5th St Cheney, WA 99004
3,406 SqFt
Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Rental
Listing Status Sold
Purchase Type For Sale
Square Footage 3,406 sqft
Price per Sqft $117
MLS Listing ID 202516766
Sold Date 09/23/25
Year Built 1945
Lot Size 10,018 Sqft
Lot Dimensions 0.23
Property Sub-Type Rental
Property Description
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.
Location
State WA
County Spokane
Rooms
Basement Finished
Interior
Heating Natural Gas
Exterior
Parking Features Detached
Garage Spaces 1.0
Amenities Available Laundry
View Y/N true
Roof Type Composition
Building
Structure Type Vinyl Siding
Schools
School District Cheney
Others
Acceptable Financing See Remarks
Listing Terms See Remarks
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