This fourplex is a turnkey investment with strong cash flow and excellent equity potential! 2: 2-bed one-bath, 2: 1-bed one-bath units feature spacious bedrooms, abundant natural light, updated kitchens & bathrooms, and modern flooring. The tenants enjoy a massive 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
$599,900
1239 1st St, Cheney, WA 99004
6beds
4baths
2,832sqft
Est.:
MultiFamily
Built in 1975
-- sqft lot
$-- Zestimate®
$212/sqft
$-- HOA
What's special
Modern flooringAbundant natural lightShared laundry facilitiesSpacious bedroomsUpdated kitchens and bathrooms
- 28 days |
- 383 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: March 18, 2026 at 12:22am
Listed by:
Misty Woodruff 509-381-9579,
Touchstone Real Estate Group
Source: SMLS as distributed by MLS GRID,MLS#: 202613291
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
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: 13124.1703,13131.0409
- Parcel number: 13124.1701
Construction
Type & style
- Home type: MultiFamily
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: $212/sqft
- Tax assessed value: $421,700
- Annual tax amount: $5,227
- Date on market: 3/11/2026
- Listing terms: FHA,VA Loan,Conventional,Cash,Exchange,FHA Rehab 203k,USDA/RD
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/11/2026 | Listed for sale | $599,900$212/sqft |
Source:  SMLS as distributed by MLS GRID #202613291 Report a problem | ||
| 3/9/2026 | Listing removed | $599,900$212/sqft |
Source: SMLS as distributed by MLS GRID #202515040 Report a problem | ||
| 7/23/2025 | Price change | $599,900+9.1%$212/sqft |
Source: SMLS as distributed by MLS GRID #202515040 Report a problem | ||
| 6/12/2025 | Price change | $550,000-8.2%$194/sqft |
Source: SMLS as distributed by MLS GRID #202515040 Report a problem | ||
| 4/28/2025 | Price change | $599,000-7.8%$212/sqft |
Source: SMLS as distributed by MLS GRID #202515040 Report a problem | ||
| 4/15/2025 | Listed for sale | $650,000+18.2%$230/sqft |
Source: SMLS as distributed by MLS GRID #202515040 Report a problem | ||
| 4/15/2025 | Listing removed | $550,000$194/sqft |
Source: SMLS as distributed by MLS GRID #202512932 Report a problem | ||
| 3/8/2025 | Listed for sale | $550,000+148.9%$194/sqft |
Source: SMLS as distributed by MLS GRID #202512932 Report a problem | ||
| 4/14/2017 | Sold | $221,000+74%$78/sqft |
Source: SMLS as distributed by MLS GRID #201627884 Report a problem | ||
| 5/28/1999 | Sold | $127,000$45/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,646 +21.4% | $421,700 +3% |
| 2023 | $3,828 -6.2% | $409,400 -16% |
| 2022 | $4,081 +38.8% | $487,600 +113.5% |
| 2021 | $2,940 +2.8% | $228,400 -2.5% |
| 2020 | $2,859 +28.2% | $234,300 +21.9% |
| 2019 | $2,231 | $192,200 -1.8% |
| 2018 | $2,231 -14.5% | $195,700 -17.7% |
| 2017 | $2,608 -9.1% | $237,900 +10% |
| 2016 | $2,868 +0.4% | $216,200 -6.9% |
| 2015 | $2,857 | $232,200 |
| 2014 | $2,857 | $232,200 |
| 2013 | $2,857 +4.3% | -- |
| 2011 | $2,739 +5.9% | -- |
| 2010 | $2,587 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
$3,296/mo
Principal & interest
$2876
Property taxes
$420
More affordability tools
Climate risks
Neighborhood: 99004
Nearby schools
GreatSchools rating
- 6/10Betz Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10Cheney Middle SchoolGrades: 6-8Distance: 1 mi
- 6/10Cheney High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Betz
- Middle: Cheney Midle
- High: Cheney
- District: Cheney
Source: SMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 99004
- Washington
- Spokane County
- Cheney
- 99004
- 1239 1st St
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