# 1115 1st St, Cheney, WA 99004

> **TL;DR:** commercial, $1,200,000 ($125/sqft), built 1970, 9,600 sqft.
> View. Est. $6,418/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,200,000 |
| Price/sqft | $125 |
| Square Feet | 9,600 |
| Year Built | 1970 |
| Lot Size | 8,311 sqft (0.19 acres) |
| Stories | 3 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Why This Home Stands Out

- **Views** - City

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $6,068 |
| Estimated Insurance | $350 |
| **Total** | **$6,418** |

## Nearby Schools

- **Elementary:** Betz
- **Middle:** Cheney
- **High:** Cheney

## Key Amenities

- View

## Property Highlights

- Built in 1970
- 0.19 acre lot
- 3 stories

## Description

### Agent Description
Cash flowing 11 unit apartment building in the heart of Cheney, home to Eastern Washington University. The unit mix (seven1-bed/1-bath, four 2-bed/1-bath) is perfectly suited to the steady demand of a college town. This is a low-maintenance investment from day one: newer roof, updated vinyl siding and windows, concrete walkways, and off-street parking mean fewer surprises and lower carrying costs. Rents are still under market, leaving real upside for a new owner to step in and capture immediate value. With Cheney's tight rental market and major new business growth on the West Plains driving long-term demand. Don't wait, cash flowing, college town assets like this don't last.

## Location

- **Address:** 1115 1st St, Cheney, WA 99004
- **County:** Spokane
- **Coordinates:** 47.491901, -117.569439
- **Google Maps:** https://www.google.com/maps?q=47.491901,-117.569439

## Listing Agent

- **Name:** Nicole Page
- **Brokerage:** Keller Williams Spokane - Main
- **Phone:** (509) 458-4000

## Primary Photo

![1115 1st St - Primary Photo](http://lh.rdcpix.com/12da74c9b35a3cf384fbd4f79653b4ddl-f472273534r.jpg)

*23 total photos available on [listing page](https://www.propertysimple.ai/listing/1115-1st-st-cheney-wa-99004-02620912)*

---

**MLS#:** 202620912 | **Updated:** 2026-08-01
**Source:** listhub

*Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1115-1st-st-cheney-wa-99004-02620912)

---

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  "description": "Cash flowing 11 unit apartment building in the heart of Cheney, home to Eastern Washington University. The unit mix (seven1-bed/1-bath, four 2-bed/1-bath) is perfectly suited to the steady demand of a college town. This is a low-maintenance investment from day one: newer roof, updated vinyl siding and windows, concrete walkways, and off-street parking mean fewer surprises and lower carrying costs. Rents are still under market, leaving real upside for a new owner to step in and capture immediate ",
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