$6,531 Closing Credit¹
#202512972, Jeff Thomas, Listing Office: eXp Realty 4 Degrees
$425,000 List price
201 5th St Cheney, WA 99004
$5,047
Closing credit¹
3,406 sqft
0.2 acres
$125 / sqft
Multi-Family
Property details
About 201 5th St
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.
Highlights
Home typeMulti Family
HeatingNatural Gas
StatusActive
Size3,406 sqft
BasementYes
Lot size0.23 Acres
Year built1945
ParkingDetached
MLS #202516766
Garage1 space
Summary
- Basement: Yes
- Garage Space: 1 space
- Attached Garage: No
- Parking: Detached
- Heating: Natural Gas
- List Price: $425,000
- Price/SqFt: $124
- Annual Tax Amount: $3,434
- Tax Year: 2024
- Year Built: 1945
- Living Area: 3,406 SqFt
- Lot Size: 0.23 Acres
- MLS Number: 202516766
- MLS Name: SARMLS
- Office Name: Windermere Manito, LLC
- Office Email: manito@windermere.com
- Listing Agent: Jim Lister
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.
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.
The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2025 Spokane Association of REALTORS® MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/23/2025, 1:10:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$425,000
201 5th St
$5,047
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 07, 2022 | Home Sold | $414,000 |
| Nov 12, 2020 | Home Sold | $392,100 |
| Jul 05, 2006 | Home Sold | $173,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $410,100 | $3,434 |
| 2023 | $260,100 | $2,883 |
| 2022 | $260,100 | $2,883 |
| 2021 | $261,400 | $2,988 |
History based on county public records data.
Nearby schools
6
Betz Elementary School
Public District PK-5
0.6 mi
•317 N 7th St
4
Salhave Elementary School
Public District PK-5
0.8 mi
•1015 Salnave Rd
7
Hallett Elementary School
Public District PK-5
7.2 mi
•524 N Hallett St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $17,500. The most common annual income of people living in Cheney, WA is less than $<35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
67%
<35k
30%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Doctorate
What types of families live nearby?
77%
Single, No Kids
5%
Single, with Kids
11%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
7%
<11 yrs old
4%
12-17 yrs old
66%
18-34 yrs old
17%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
College Football
Figure Skating
Where do the neighbors shop?
Family Dollar
Wal-Mart
Express/Express For Men
Where do the neighbors go to eat?
Dominos Pizza
Sonic
Bob Evans
What do the neighbors drive?
Ford
Oldsmobile
Kia
What do the neighbors listen to?
New Country
Contemporary Inspirational- Oldies
All data provided by Home Junction and Claritas
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This home is located at 201 5th St in Cheney, WA and zip code 99004. This 3,406 square foot home, which was built in 1945, sits on a 0.23 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since May 14, 2025 and is currently priced at $425,000.
Cheney, WA housing market in April 2025 saw over 7 listings sold above listed price, more than 7 sold at listed price and over 4 sold below. The number of homes for sale in Cheney, WA increased by 8.6% between March and April 2025. In April 2025 median list price was $417,995 and the average listing age was 21 days.
From Rocket Homes Real Estate and based on county public records data.