1239 1st St Cheney, WA 99004
Estimated payment $3,551/month
Highlights
- City View
- Fenced Yard
- Playground
- Corner Lot
- Baseboard Heating
- Laundry Facilities
About This Home
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. Back lot is zoned commercial, 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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,227
Year Built
- Built in 1975
Lot Details
- 0.42 Acre Lot
- Fenced Yard
- Corner Lot
- Level Lot
- Hillside Location
- 00.005069, 13124.1703,13131.0409
Interior Spaces
- 2,832 Sq Ft Home
- 1-Story Property
- City Views
- Free-Standing Range
Bedrooms and Bathrooms
- 15 Bedrooms
- 10 Bathrooms
Parking
- 3 Parking Spaces
- Off-Site Parking
Outdoor Features
- Playground
Schools
- Cheney Midle Middle School
- Cheney High School
Utilities
- Baseboard Heating
- High Speed Internet
Community Details
- 4 Units
- Laundry Facilities
- Water Sewer Expense $1,791
Listing and Financial Details
- Assessor Parcel Number 13124.1701
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,646 | $434,800 | $70,000 | $364,800 |
| 2024 | $4,646 | $421,700 | $72,000 | $349,700 |
| 2023 | $4,081 | $409,400 | $72,000 | $337,400 |
| 2022 | $2,533 | $487,600 | $48,000 | $439,600 |
| 2021 | $2,940 | $257,100 | $48,000 | $209,100 |
| 2020 | $2,859 | $234,300 | $48,000 | $186,300 |
| 2019 | $2,231 | $192,200 | $48,000 | $144,200 |
| 2018 | $2,608 | $195,700 | $48,000 | $147,700 |
| 2017 | $2,868 | $237,900 | $48,000 | $189,900 |
| 2016 | $2,706 | $216,200 | $48,000 | $168,200 |
| 2015 | $2,857 | $232,200 | $64,000 | $168,200 |
| 2014 | -- | $232,200 | $64,000 | $168,200 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/23/2025 07/23/25 | Price Changed | $599,900 | +9.1% | $212 / Sq Ft | |
| 06/12/2025 06/12/25 | Price Changed | $550,000 | -8.2% | $194 / Sq Ft | |
| 04/28/2025 04/28/25 | Price Changed | $599,000 | -7.8% | $212 / Sq Ft | |
| 04/15/2025 04/15/25 | For Sale | $650,000 | +194.1% | $230 / Sq Ft | |
| 04/14/2017 04/14/17 | Sold | $221,000 | -11.6% | $78 / Sq Ft | View Prior Sale |
| 02/03/2017 02/03/17 | Pending | -- | -- | -- | |
| 12/09/2016 12/09/16 | For Sale | $250,000 | -- | $88 / Sq Ft |
Source: Spokane Association of REALTORS®
MLS Number: 202515040
APN: 13124.1701
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