Last Sold Price
6 beds4 baths3,406 sqft$117/sqft
201 5th St, Cheney, WA 99004

Description

The Fifth Street Apartments are a well-located, low-maintenance fourplex with value-add potential. Rents can be increased to market levels with minor cosmetic upgrades, allowing for immediate income growth. 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. The property includes one spacious 3 bedroom 1 bathroom unit, three 1 bedroom 1 bathroom units, a shared laundry room, two...The Fifth Street Apartments are a well-located, low-maintenance fourplex with value-add potential. Rents can be increased to market levels with minor cosmetic upgrades, allowing for immediate income growth. 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. The property includes one spacious 3 bedroom 1 bathroom unit, three 1 bedroom 1 bathroom units, a shared laundry room, two storage sheds, and a shared parking lot.
LISTING CLOSED: 09/23/2025 12:00 AM

  1. Listed by Jim Lister • Windermere Manito, LLC
    P: (509)-216-2222 thelisterteam@windermere.com

Property Details for 201 5th Street

Status
MLS #
202516766
Days on Market
98
Pet Policy
-
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Rental
Year Built
1945
Lot Size
0.23 AC / 10,019 SF
Parking Features
Detached

Location

Listing Courtesy of Windermere Manito, LLC

Sold By Prime Real Estate Group

Add your commute

Building Information for 201 5th Street

Building/Complex201 5th StFloor-Stories-Residences4Pet Policy-Pet Policy Details-Year Built1945Building Size-

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$2,450 per month

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Principal and Interest

$2,033

Property Taxes

$417

HOA Dues

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Property Information for 201 5th Street

Summary
Location and General Information
  • County Or Parish: Spokane
  • Longitude: -117.58
  • Class: Rental Income
  • Latitude: 47.49
Taxes and HOA
  • Parcel Number: 13132.4801
Parking
  • Garage Spaces: 1.00
Property
Lot Information
  • Lot Size Acres: 0.23
  • Lot Size Square Feet: 10019.0
Property and Assessments
  • Construction Materials: Vinyl Siding
  • FIPS: 53063
  • Year Built: 1945
  • First Photo Additional Detail: 2025-05-14T17:41:32.4
Interior and Exterior Features
Exterior Features
  • Association Amenities: Laundry
  • Area: A420/131
  • Structure Type: Two Story
  • Road Frontage Type: City Street
  • Roof: Composition
Interior Features
  • Heating: Natural Gas
  • Basement: Finished
Unit Information
Unit Information
  • Number Of Units Total: 4
Unit 1
  • Baths Total: 1
  • Beds Total: 3
  • Type: Unit A
  • Units Total: 1
Unit 2
  • Baths Total: 1
  • Beds Total: 1
  • Type: Unit B
  • Units Total: 2
Unit 3
  • Baths Total: 1
  • Beds Total: 1
  • Type: Unit C
  • Units Total: 3
Unit 4
  • Baths Total: 1
  • Beds Total: 1
  • Type: Unit D
  • Units Total: 4

Property History for 201 5th Street

DateEvent & SourcePriceAppreciation
Sep 23, 2025

Sold

SPOKANEMLS #202516766

$400,000
Sep 18, 2025

Sold (Public Record)

Public Record #1913514999

$400,000

-1.0% / yr

Aug 19, 2025

Pending

SPOKANEMLS #202516766

DateEvent & SourcePrice
09/23/2025

Sold

SPOKANEMLS #202516766

$400,000
09/18/2025

Sold (Public Record)

Public Record #1913514999

$400,000

-1.0% / yr

08/19/2025

Pending

SPOKANEMLS #202516766

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

Public Records for 201 5th Street

Taxable ValueLand$85,000Additions$300,200Total$385,200
Tax Record2026$5,008 ($417 / month)
Home Facts
Baths4Total Finished SqFt3,406 SqFtAbove Ground SqFt3,406 SqFtStories2Lot Size10,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1945Year Renovated2022ZoningR-3CountySPOKANEAPN13132.4801

Schools near 201 5th 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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 201 5th Street, Cheney, WA 99004
$400,000
6
4
3,406
10,019
$95,000
2
1
1,170
7,500
$526,000
6
4
3,504
10,000
4
2
1,864
5,000
3
1.5
1,262
5,000
$236,146
2
1
1,456
7,500

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere Manito, LLC

Based on information submitted to the MLS GRID as of 09/24/2025 10:20 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.