This fully occupied fourplex is a turnkey investment with strong cash flow and excellent equity potential! Featuring spacious bedrooms, abundant natural light, updated kitchens & bathrooms, and modern flooring, each unit offers comfortable living. Tenants enjoy a huge shared front & back yard, perfect for BBQs and water balloon fights, bringing a true sense of community! Recent 2023 renovations have enhanced the property, with room for further improvements to increase equity and rental income. Shared laundry facilities add convenience, while its prime location on the bus routes ensures easy commuting. This is a fantastic opportunity for investors and owner-occupants, possibly eligible for FHA, 203K FHA, and VA financing, don’t miss out!
Active
$650,000
1239 1st St, Cheney, WA 99004
15beds
10baths
2,832sqft
Est.:
Multi Family
Built in 1975
-- sqft lot
$-- Zestimate®
$230/sqft
$-- HOA
What's special
Modern flooringAbundant natural lightSpacious bedroomsUpdated kitchens and bathrooms
- 10 days
- on Zillow |
- 286 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: April 22, 2025 at 12:22am
Listed by:
Misty Woodruff 509-381-9579,
Touchstone Real Estate Group
Source: SMLS,MLS#: 202515040

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 10
Primary bedroom
- Description: Dbl Clst
Dining room
- Description: Informal
Family room
- Description: 1st Flr,Off Kit
Heating
- Electric, Baseboard
Appliances
- Included: Free-Standing Range, Refrigerator
Features
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 2,832
- Total interior livable area: 2,832 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Off Site
Features
- Levels: One
- Stories: 1
- Fencing: Fenced Yard
- Has view: Yes
- View description: City
Lot
- Size: 0.42 Acres
- Features: Level, Hillside, Corner Lot
Details
- Additional parcels included: 00.005069, 13124.1703,13131.0409
- Parcel number: 13124.1701
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1975
Community & HOA
HOA
- Amenities included: Laundry, Play Area
Location
- Region: Cheney
Financial & listing details
- Price per square foot: $230/sqft
- Tax assessed value: $421,700
- Annual tax amount: $5,227
- Date on market: 4/15/2025
- Listing terms: FHA,VA Loan,Conventional,Cash,Exchange,FHA Rehab 203k,USDA/RD
- Road surface type: Gravel
- Loading
- Loading