5 2nd St Cheney, WA 99004
Estimated payment $4,243/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,068
Year Built
- Built in 1999
Lot Details
- 6,098 Sq Ft Lot
- Level Lot
- Sprinkler System
Parking
- Off-Site Parking
Home Design
- Siding
Interior Spaces
- 2,496 Sq Ft Home
- 2-Story Property
Kitchen
- Free-Standing Range
- Dishwasher
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Schools
- Cheney Middle School
- Cheney High School
Utilities
- Heating Available
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 13133.0108
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 | $6,096 | $545,300 | $50,000 | $495,300 |
| 2024 | $6,096 | $553,600 | $84,000 | $469,600 |
| 2023 | $4,519 | $466,100 | $84,000 | $382,100 |
| 2022 | $3,179 | $540,100 | $48,000 | $492,100 |
| 2021 | $3,585 | $313,800 | $48,000 | $265,800 |
| 2020 | $3,515 | $288,300 | $48,000 | $240,300 |
| 2019 | $3,277 | $282,600 | $48,000 | $234,600 |
| 2018 | $3,768 | $283,000 | $48,000 | $235,000 |
| 2017 | $3,410 | $283,000 | $48,000 | $235,000 |
| 2016 | $3,298 | $263,600 | $48,000 | $215,600 |
| 2015 | $3,247 | $264,000 | $48,000 | $216,000 |
| 2014 | -- | $264,000 | $48,000 | $216,000 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/12/2026 03/12/26 | For Sale | $700,000 | +7.7% | $280 / Sq Ft | |
| 03/08/2023 03/08/23 | Sold | $650,000 | -7.1% | $260 / Sq Ft | View Prior Sale |
| 01/31/2023 01/31/23 | Pending | -- | -- | -- | |
| 01/26/2023 01/26/23 | For Sale | $700,000 | -- | $280 / Sq Ft |
About the Listing Agent
I work hard to set myself apart from other agents. Some of the ways I do this is by not only finding you a home that fits your needs but finding you the home that you love! I also ensure that you do not pay too much for the home.
Once you find a home I run my own competitive market analysis. I do this because 97% of homes listed are priced above market value. I use the market analysis to recommend an offer price for you AND to justify your price in negotiations with the other real estate
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Source: Spokane Association of REALTORS®
MLS Number: 202613422
APN: 13133.0108
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Ask me questions while you tour the home.