Active

$700,000

5 2nd St, Cheney, WA 99004

8beds

4baths

2,496sqft

Est.:

MultiFamily

Built in 1999

-- sqft lot

$690,600 Zestimate^®

$280/sqft

$-- HOA

What's special

Off-street parking

Solid multifamily opportunity in Cheney just minutes from Eastern Washington University. This 4-plex features all units occupied, providing immediate rental income. Each unit includes its own washer and dryer for added tenant convenience. The property offers off-street parking and a location close to campus, dining, shopping, and everyday amenities—making it attractive for tenants. Great value-add potential for investors looking to expand their portfolio in a strong rental market.

5 days

200

9

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Dining room

Description: Kit Eat Sp

Heating

Electric

Appliances

Included: Free-Standing Range, Dishwasher, Refrigerator

Features

Basement: Crawl Space
Has fireplace: No

Interior area

Total structure area: 2,496
Total interior livable area: 2,496 sqft

Property

Parking

Parking features: Off Site

Features

Levels: Two

Lot

Size: 6,098.4 Square Feet
Features: Sprinkler - Automatic, Level

Details

Parcel number: 13133.0108

Construction

Type & style

Home type: MultiFamily
Architectural style: Other

Materials

Siding
Roof: Composition

Condition

Year built: 1999

Community & HOA

HOA

Amenities included: None

Location

Region: Cheney

Financial & listing details

Price per square foot: $280/sqft
Tax assessed value: $553,600
Annual tax amount: $6,068
Date on market: 3/13/2026
Listing terms: FHA,VA Loan,Conventional,Cash
Road surface type: Paved

Estimated market value

$690,600

$656,000 - $725,000

$1,244/mo

Price history

Date	Event	Price
3/13/2026	Listed for sale	$700,000+7.7%$280/sqft
Source: SMLS as distributed by MLS GRID #202613422 Report a problem
3/8/2023	Sold	$650,000-7.1%$260/sqft
Source: SMLS as distributed by MLS GRID #202310858 Report a problem
2/3/2023	Pending sale	$700,000$280/sqft
Source: SMLS as distributed by MLS GRID #202310858 Report a problem
1/26/2023	Listed for sale	$700,000+121.5%$280/sqft
Source: SMLS as distributed by MLS GRID #202310857 Report a problem
12/31/2008	Sold	$316,000+61.6%$127/sqft
Source: SMLS as distributed by MLS GRID #28027286 Report a problem
6/18/2003	Sold	$195,600$78/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$6,096 +39.9%	$553,600 +18.8%
2023	$4,357 -3.6%	$466,100 -13.7%
2022	$4,519 +26%	$540,100 +88.3%
2021	$3,585 +2%	$286,900 -0.5%
2020	$3,515 +7.3%	$288,300 +2%
2019	$3,277	$282,600 -0.1%
2018	$3,277 -13%	$283,000
2017	$3,768 +10.5%	$283,000 +7.4%
2016	$3,410 +5%	$263,600 -0.2%
2015	$3,247	$264,000
2014	$3,247	$264,000
2013	$3,247 +5.2%	--
2011	$3,087 +5.9%	--
2010	$2,915	--
2009	$2,915 +52.8%	--
2008	$1,908	--
2007	$1,908 -82%	$184,800
2005	$10,602 +398.7%	--
2004	$2,126	--

Find assessor info on the county website

BuyAbility℠ payment

Est. payment

$3,865/mo

Principal & interest

$3375

Property taxes

$490

More affordability tools

Climate risks

Neighborhood: 99004

Getting around

65 / 100

Somewhat Walkable

78 / 100

Very Bikeable

Nearby schools

GreatSchools rating

6/10
Betz Elementary School
Grades: PK-5Distance: 0.8 mi
4/10
Cheney Middle School
Grades: 6-8Distance: 1.5 mi
6/10
Cheney High School
Grades: 9-12Distance: 0.9 mi

Schools provided by the listing agent

Elementary: Betz Elementary
Middle: Cheney Middle School
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.

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