Map of Property

Fifth Street Apartments

For Sale

201 5th St, Cheney, WA 99004

This Cheney property for sale is located at 201 5th St. The general use of Fifth Street Apartments is multi-family and it incorporates 3,406 square feet of class A multi-family space. The current listed sale price for Fifth Street Apartments is $425,000. Fifth Street Apartments is situated on a lot that is 0.23 acre in size.

Contacts

broker
Jordan Lester, CCIM, MBA

SVN | Cornerstone

Property Details

  • 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 11, 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
  • Stable Demand – Proximity to EWU in Cheney supports strong occupancy and long-term rental stability
  • 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
  • Tenant-Friendly Amenities - Features a shared laundry room, two on-site storage sheds, and three dedicated off-street parking spots to enhance tenant satisfaction
  • Value-Add Opportunity - Rents can be increased to market levels with minor cosmetic upgrades, allowing for immediate income growth

Getting around

  • 78/100

    Walk Score ®

  • 71/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Mitchell's Harvest Foods

    0.29 miles

  • Union Market & Grill

    0.34 miles

  • Yoke's

    1.15 miles

  • Bi-Mart

    1.24 miles

  • Grocery Outlet

    1.39 miles

  • Safeway

    1.42 miles

  • Denny's Foods

    7.49 miles

  • Harvest Foods

    8.03 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Jordan Lester, CCIM, MBA

SVN | Cornerstone

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