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Active
  • $650,000

    1239 1st St, Cheney, WA 99004

    15beds
    10baths
    2,832sqft
    : 
    Multi Family
    Built in 1975
    -- sqft lot
    $-- Zestimate®
    $230/sqft
    $-- HOA

    What's special

    Modern flooringAbundant natural lightSpacious bedroomsUpdated kitchens and bathrooms
    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!
    10 days
    on Zillow
    |
    286
    |
    10
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    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#: 202515040MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 1239 1st St.

    Next available tour time:Today at 11am

    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

    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
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