1239 1st St

$599,900
Price
6
Beds
4
Baths
2,832 Sq. Ft.
$212 / Sq. Ft.
2,832
Sq. Ft.
$212
per Sq. Ft.

Description

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...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!
  1. Listed by Misty Woodruff • Touchstone Real Estate Group

Property Details for 1239 1st Street

Parking Features
Off Site
Zoning
Com
LISTING UPDATED: 09/11/2025 02:02 PM

Property Details for 1239 1st Street

StatusActive
MLS #202515040
Days on Market254
Taxes$5,227 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Rental
Year Built1975
Lot Size0.42 AC / 18,350 SF
CountySpokane County

Location

Listing Courtesy of Touchstone Real Estate Group
Add your commute

Building Information for 1239 1st Street

Building/Complex1239 1st StFloor-Stories1Residences4Pet Policy-Pet Policy Details-Year Built1975Building Size-

Payment Calculator

$3,400 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,964

Property Taxes

$436

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1239 1st Street

Summary
Location and General Information
  • County Or Parish: Spokane
  • Longitude: -117.57
  • Directions: From I-90, take exit 270. Follow LT. Col Michael P. Anderson Memorial Hwy into Cheney. Continue to pass both traffic lights; the fourplex will be on your left.
  • Township: 23
  • Class: Rental Income
  • Latitude: 47.49
Taxes and HOA
  • Additional Parcels Description: 00.005069, 13124.1703,13131.0409
  • Tax Annual Amount: $5,227.00
  • Additional Parcels: Yes
  • Parcel Number: 13124.1701
Parking
  • Carport Spaces: .00
  • Garage Spaces: .00
  • Parking Total: 3.00
School Information
  • Middle Or Junior School: Cheney Midle
Property
Lot Information
  • Lot Features: Fenced Yard, Level, Hillside, Corner Lot
  • Lot Size Acres: 0.42
  • Lot Size Square Feet: 18350.0
Property and Assessments
  • Construction Materials: Wood Siding
  • 1031 Exchange: Yes
  • FIPS: 53063
  • Year Built: 1975
  • First Photo Additional Detail: 2025-04-15T20:47:14.2
Utilities
  • High Speed Internet: Yes
Interior and Exterior Features
Exterior Features
  • Association Amenities: Laundry, Play Area
  • Area: A420/097
  • Structure Type: One Story
  • Road Frontage Type: City Street, Gravel
  • Roof: Composition
  • View: City
Interior Features
  • Heating: Electric, Baseboard
  • Appliances: Free-Standing Range, Refrigerator
  • Basement: Crawl Space
  • Stories: 1
Room Information
Dining Room
  • Dining Room: Informal
Family Room
  • Family/Recreation Room: 1st Flr,Off Kit
Multi Family
Income & Expenses Information
  • Water Sewer Expense: $1,791.00
Unit Information
Unit Information
  • Number Of Units Total: 4
Unit 1
  • Approx Square Feet: 700
  • Baths Total: 1
  • Beds Total: 1
  • Type: Unit A
  • Units Total: 1
Unit 2
  • Approx Square Feet: 700
  • Baths Total: 1
  • Beds Total: 2
  • Type: Unit B
  • Units Total: 2
Unit 3
  • Approx Square Feet: 700
  • Baths Total: 1
  • Beds Total: 2
  • Type: Unit C
  • Units Total: 3
Unit 4
  • Approx Square Feet: 700
  • Baths Total: 1
  • Beds Total: 1
  • Type: Unit D
  • Units Total: 4
Rental
Rental Information
  • Occupant Type: Tenant

Property History for 1239 1st Street

DateEvent & SourcePriceAppreciation
Sep 8, 2025

Expired

SPOKANEMLS #202512932

$550,000
Jul 22, 2025

Price Change

SPOKANEMLS #202515040

$599,900
Jun 11, 2025

Price Change

SPOKANEMLS #202515040

$550,000
Apr 27, 2025

Price Change

SPOKANEMLS #202515040

$599,000
Apr 15, 2025

Temporarily Off Market

SPOKANEMLS #202512932

$550,000
Apr 15, 2025

Listed (Active)

SPOKANEMLS #202515040

$650,000
Mar 8, 2025

Listed (Active)

SPOKANEMLS #202512932

$550,000
Apr 14, 2017

Sold

SPOKANEMLS #201627884

$221,000
Feb 2, 2017

Pending

SPOKANEMLS #201627884

Dec 9, 2016

Listed (Active)

SPOKANEMLS #201627884

$250,000
Oct 31, 2016

Expired

SPOKANEMLS #201614705

$250,000
Apr 1, 2016

Listed (Active)

SPOKANEMLS #201614705

$250,000
Mar 31, 2016

Expired

SPOKANEMLS #201521676

$250,000
Jul 20, 2015

Listed (Active)

SPOKANEMLS #201521676

$350,000
DateEvent & SourcePrice
09/08/2025

Expired

SPOKANEMLS #202512932

$550,000
07/22/2025

Price Change

SPOKANEMLS #202515040

$599,900
06/11/2025

Price Change

SPOKANEMLS #202515040

$550,000
04/27/2025

Price Change

SPOKANEMLS #202515040

$599,000
04/15/2025

Temporarily Off Market

SPOKANEMLS #202512932

$550,000
04/15/2025

Listed (Active)

SPOKANEMLS #202515040

$650,000
03/08/2025

Listed (Active)

SPOKANEMLS #202512932

$550,000
04/14/2017

Sold

SPOKANEMLS #201627884

$221,000
02/02/2017

Pending

SPOKANEMLS #201627884

12/09/2016

Listed (Active)

SPOKANEMLS #201627884

$250,000
10/31/2016

Expired

SPOKANEMLS #201614705

$250,000
04/01/2016

Listed (Active)

SPOKANEMLS #201614705

$250,000
03/31/2016

Expired

SPOKANEMLS #201521676

$250,000
07/20/2015

Listed (Active)

SPOKANEMLS #201521676

$350,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1239 1st Street

Taxable ValueLand$72,000Additions$337,400Total$409,400
Tax Record2024$3,828 ($319 / month)
Home Facts
Baths4Total Finished SqFt2,832 SqFtAbove Grade Finished SqFt2,832 SqFtStories1Lot Size8,000 SqFtStyleQuadraplexYear Built1975CountySPOKANEAPN13124.1701

Schools near 1239 1st Street

This home is within Cheney School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Betz Elementary School
PublicPK to 5

Cheney Middle School
Public6 to 8

Cheney High School
Public9 to 12

HomeWorks!
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

1239 1st Street is a multi-family home for sale in Cheney, WA 99004. This property was listed for sale on April 15, 2025 by Touchstone Real Estate Group, it's currently listed at $599,900. It has been on the market for a total of 254 days and was last sold on April 14, 2017. This listing's school district is Cheney School District. Nearby schools include Betz Elementary School, Cheney Middle School and Cheney High School. 1239 1st Street is a 6-bed, 4-bath, 2,832 sqft multi-family home built in 1975.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Touchstone Real Estate Group

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/25/2025 03:52 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.