422 4th St, Cheney, WA 99004
Spokane County
Key Facts
Description
Attention Investors! Exceptional 4-Unit Rental Income Property near EWU!This well-maintained Victorian home, converted into a charming 4-plex, is situated in a prime location right on Greek Row, just one block from campus. Perfect for students & visitors alike! All currently occupied. Each unit is unique in its own way, offering character & individual charm that sets this property apart. A couple of the units have also served as successful Airbnbs. Enjoy outdoor relaxation on two inviting porches. Recent updates: new appliances, fixtures, flooring, & fresh paint throughout. The exterior of home has been freshly painted. All units have individual electric meters, w/ landlord covering Wi-Fi & water. Tenants responsible for electric, sewer, & garbage. Roof and windows replaced within the last 18 years. Newly remodeled tiled bathrooms. Window A/C units in all units. Unfinished basement offers additional storage potential. 5 parking spots. This is a rare opportunity in a sought after rental market.
Property Information
Property Type
Residential Income
Style
Victorian
Year Built
1895
Living Area
2,215 sq ft
Lot Size
0.11 acres
Lot Dimensions
100 x 50
Parking Spaces
4
Days on Market
11
MLS® Listing#
202611823
Property Features
Appliances
Cooling
Heating
Basement
Parking
Patio
Lot Features
Construction
Roof
Schools
- Elementary:
- Cheney
- Middle:
- Cheney
- High:
- Cheney
Financial Details
Annual Taxes
$4,372
Parcel Number
13132.0903
Directions
From Spokane, go West to exit 270, follow hwy 904 to Cheney. 904 turns into 1st street. Stay on 1st until you get to College (between D and F). Right on College to 4th.
Affordability Calculator
$90,000
Estimated monthly payment
$2,395/mo
Principal $360,000 · Est. interest $502,232 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cheney, WA
- $478,947
- Median Listing Price
- 48
- Median Days on Market
- 1,876
- Median Sq Ft
- $226
- Median Price / Sq Ft
- 133
- Active Listings
- This home’s price is 6% below the area median.
- Its price per sq ft is 10% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cheney, WA.
Location
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Points of Interest in Cheney, WA
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| XXXX Vacant Land, Cheney, WA | $324,387 | — | — | — |
| 324 4th St, Cheney, WA | $325,000 | 4 | 2 | 2,076 |
| 18816 W Pommier Rd, Cheney, WA | $330,000 | 2 | 1 | 396 |
| XXXX Vacant Land, Cheney, WA | $338,603 | — | — | — |
| 0 W Curtis Rd, Cheney, WA | $350,000 | — | — | — |
| 304 N 4th St, Cheney, WA | $355,000 | 3 | 2 | 1,280 |
Moving Cost Estimate
EXIT Agents in Cheney
Listing Courtesy: Windermere Manito, LLC - 5097471051