1115 1st St

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 1115 1st St, Cheney, WA 99004, USA
Seattle & Northwest + Apartment Buildings
Created date: July 30, 2026
Date last updated: October 8, 2026
Price: $1,000,000Investment Analyzer NEW!

Property Description

Cash flowing 11 unit apartment in the heart of Cheney. The unit mix is 6- 1/1 and 5- 2/1. The current owner has moved rents and updated most units. The property is low maintenance with newer roof, updated vinyl siding and windows, concrete walkways, updated interiors, off street parking and there is still room to move rents to market rates! The Cheney market has low vacancy and with all of the new business on the West Plains, this could be the perfect long term investment. Hurry before it is gone!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,000,000
No. of Units: 11
Year Built: 1970
Lot Size: 9,600.00 Sq ft
Opportunity Zone: No
Price per unit: $90,909
Property Website Click Here
Number of Bedrooms: 3
Number of Bathrooms: 2
Address: 1115 1st St, Cheney, WA 99004, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

5724 N Nevada St

Spokane, Washington
Seattle & Northwest + Apartment Buildings
Units: 6
Price: $325,000

1804 W Augusta Ave

Spokane, Washington
Seattle & Northwest + Apartment Buildings
Units: 1
Price: $325,000

2402-2418 Leo Avenue

Missoula, Montana
Seattle & Northwest + Apartment Buildings
Units: 18
Price: $4,500,000

Brokers

View All

Lenders

View All