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.
Active
$425,000
201 5th St, Cheney, WA 99004
12beds
10baths
3,406sqft
Est.:
Multi Family
Built in 1945
-- sqft lot
$-- Zestimate®
$125/sqft
$-- HOA
What's special
Shared parking lotShared laundry roomTwo storage sheds
- 34 days
- on Zillow |
- 607 |
- 33 |
Zillow last checked: 7 hours ago
Listing updated: May 21, 2025 at 12:23am
Listed by:
Jim Lister 509-216-2222,
Windermere Manito, LLC
Source: SMLS,MLS#: 202516766

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 10
Heating
- Natural Gas
Features
- Basement: Finished
- Has fireplace: No
Interior area
- Total structure area: 3,406
- Total interior livable area: 3,406 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: Two
Lot
- Size: 10,018.8 Square Feet
Details
- Parcel number: 13132.4801
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Composition
Condition
- Year built: 1945
Community & HOA
HOA
- Amenities included: Laundry
Location
- Region: Cheney
Financial & listing details
- Price per square foot: $125/sqft
- Tax assessed value: $411,300
- Annual tax amount: $4,532
- Date on market: 5/14/2025
- Listing terms: See Remarks
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