Map of Property

Fifth Street Apartments

201 5th St, Cheney, WA 99004

  • For Sale $425,000
  • Property Type Multi-Family
  • Property Size 3,406 SF
  • Units 4
  • Lot Size 0.23 Acre
  • Building Class A
  • Year Built 1945
  • Date Updated May 5, 2025
SVN Cornerstone is pleased to present the Fifth Street Apartments for sale - a well-located, low-maintenance fourplex with value-add potential just three blocks from Eastern Washington University. The property includes one 3 bedroom 1 bathroom unit, three 1 bedroom 1 bathroom units, a shared laundry room, two storage sheds, and a shared parking lot.
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Highlights

  • Desirable Unit Mix - Includes one spacious 3 bed 1 bath unit and three 1 bed/1 bath units, ideal for a range of renters from students to small families
  • Strong Location - Situated in Cheney, WA just 3 blocks from Eastern Washington University, 20 minutes from downtown Spokane, and 20 minutes from the airport, offering convenience for tenants
  • Value-Add Opportunity - Rents can be increased to market levels with minor cosmetic upgrades, allowing for immediate income growth
  • Tenant-Friendly Amenities - Features a shared laundry room, two on-site storage sheds, and three dedicated off-street parking spots to enhance tenant satisfaction
  • Stable Demand – Proximity to EWU in Cheney supports strong occupancy and long-term rental stability

Contacts

broker
Jordan Lester, CCIM, MBA

SVN | Cornerstone

Location

Getting Around

  • Walk Score ®

    78/100 Very Walkable

  • Bike Score ®

    71/100 Very Bikeable
Powered by Walk Score ®
  • City Cheney, WA
  • Neighborhood Cheney
  • Zip Code 99004
  • Market Spokane

Points of Interest

  • Mitchell's Harvest Food

    0.32 miles

  • Mobil

    0.68 miles

  • Chevron

    1.22 miles

  • Maverik

    1.56 miles

  • 76

    5.20 miles

  • Exxon

    7.16 miles

  • Conoco

    7.69 miles

  • Pacific Pride

    9.77 miles

  • Flying J

    9.83 miles

  • Lot P-6

    0.12 miles

  • Lot P-1

    0.15 miles

  • Lot P-5

    0.16 miles

  • Lot P-7

    0.23 miles

  • Lot P-3

    0.27 miles

  • Lot P-AM

    0.29 miles

  • Lot P-15

    0.31 miles

  • Lot P-17

    0.32 miles

  • Lot P-18

    0.32 miles

  • K Street Station

    0.35 miles

  • Willow Springs Station

    0.42 miles

  • Willow Springs

    0.43 miles

  • AAA Inn

    0.86 miles

  • Holiday Inn

    1.57 miles

  • Super 8

    6.90 miles

  • Survival Inn

    8.90 miles

  • Cambria Hotel

    9.03 miles

  • Sleep Inn

    9.80 miles

  • Best Western Plus

    9.85 miles

  • SpringHill Suites Spokane Airport

    9.86 miles

  • Barrel House Pub and Pizza

    0.22 miles

  • Fueled by Raman

    0.23 miles

  • El Rodeo

    0.24 miles

  • Bene's

    0.27 miles

  • Einstein Bros. Bagels

    0.27 miles

  • Panda Express

    0.36 miles

  • Freshëns

    0.37 miles

  • Gerardo's

    0.39 miles

  • Cheney Brewing Company

    0.42 miles

  • Zip's Drive-In

    0.49 miles

  • Eastern Washington University

    0.34 miles

  • Betz Elementary School

    0.58 miles

  • Cheney High School

    0.69 miles

  • Salnave Elementary School

    0.77 miles

  • Cheney Middle School

    1.25 miles

  • Four Winds Christian Academy

    4.77 miles

  • Medical Lake Middle School

    7.18 miles

  • Hallett Elementary School

    7.24 miles

  • Phil Snowdon Elementary School

    7.74 miles

  • Medical Lake High School

    7.81 miles

  • Caterpillar Clubhouse

    0.78 miles

  • Magnolia Learning Center

    1.08 miles

  • Cela's Creative Learning Academy

    7.63 miles

Frequently Asked Questions

How much does Fifth Street Apartments cost?

The space currently listed for sale at Fifth Street Apartments asks for $425,000.

What is the total square footage of Fifth Street Apartments?

Fifth Street Apartments totals 3,406 square feet.

When was this property built?

Fifth Street Apartments was built in 1945.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Jordan Lester, CCIM, MBA

SVN | Cornerstone

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