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.
Active
Price cut: $25K (6/24)
$675,000
5 2nd St, Cheney, WA 99004
8beds
4baths
2,496sqft
:
Get pre-qualified$4,253/mo
MultiFamily
Built in 1999
-- sqft lot
$657,000 Zestimate®
$270/sqft
$-- HOA
What's special
Off-street parking
- 153 days |
- 61 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Cambria Henry 509-590-4701,
Haven Real Estate Group,
Natalya Romanov 509-413-7503,
Haven Real Estate Group
Source: SMLS as distributed by MLS GRID,MLS#: 202613422
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 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: $270/sqft
- Tax assessed value: $545,300
- 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
$657,000
$624,000 - $690,000
$1,345/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Price change | $675,000-3.6%$270/sqft |
Source:  SMLS as distributed by MLS GRID #202613422 Report a problem | ||
| 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 |
|---|---|---|
| 2025 | $6,068 -0.5% | $545,300 -1.5% |
| 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
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 99004
Nearby schools
GreatSchools rating
- 6/10Betz Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 4/10Cheney Middle SchoolGrades: 6-8Distance: 1.5 mi
- 6/10Cheney High SchoolGrades: 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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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