5 2nd St, Cheney, WA 99004
Property image
Property image
FOR SALE

$675,000

Original price: $700,000
  • 8 Beds
  • 4 Baths
  • 2,496 sqft

5 2nd St, Cheney, WA 99004

Est. Mortgage $4,195/mo*
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Home Highlights

Multi-Family
Built in 1999
$270/sqft

Local Information

  • Map ViewExplore the area around 5 2nd St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Solid multifamily opportunity in Cheney just minutes from Eastern Washington University. This 4-plex features all units occupied, providing immediate rental income. Each unit includes its own washer and dryer for added tenant convenience. The property offers off-street parking and a location close to campus, dining, shopping, and everyday amenities—making it attractive for tenants. Great value-add potential for investors looking to expand their portfolio in a strong rental market.
Last check for updates: about 12 hours ago
Listing courtesy of Cambria Henry, (509) 590-4701
Haven Real Estate Group
Natalya Romanov, (509) 413-7503
Haven Real Estate Group
Source: SMLS as distributed by MLS GRID, MLS#202613422
Also Listed on SMLS as distributed by MLS GRID.

Home Details for 5 2nd St

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: Crawl SpaceNumber of Rooms: 1Types of Rooms: Dining Room
Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 4
Dimensions and Layout
Living Area: 2496 Square Feet
Appliances & Utilities
Appliances: Free-Standing Range, Dishwasher, RefrigeratorDishwasherRefrigerator
Heating & Cooling
Heating: ElectricNo CoolingHas HeatingHeating Fuel: Electric
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Levels: Two
View
No View

Exterior Features

Exterior Home Features
Roof: Composition
Parking & Garage
Parking: Off Site
Frontage
Road Frontage: City StreetRoad Surface Type: Paved

Days on Market

Days on Market: 180+

Property Information

Year Built
Year Built: 1999
Property Type / Style
Property Type: Residential IncomeArchitecture: Other
Building
Construction Materials: Siding
Property Information
Parcel Number: 13133.0108

Price & Status

Price
List Price: $675,000Price Per Sqft: $270

Location

Direction & Address
City: Cheney
School Information
Elementary School: Betz ElementaryElementary School District: CheneyJr High / Middle School: Cheney Middle SchoolHigh School: Cheney

Agent Information

Listing Agent
Listing ID: 202613422

Building

Building Area
Building Area: 2496 Square Meters

Lot Information

Lot Area: 6098 sqft

Offer

Listing Terms: FHA, VA Loan, Conventional, Cash

Miscellaneous

Mls Number: 202613422

Additional Information

HOA Amenities: None

Around this home

What Locals Say about Cheney

At least 89 Trulia users voted on each feature.

  • 93 % Say it's dog friendly

  • 87 % Say there are sidewalks

  • 81 % Say parking is easy

  • 78 % Say people would walk alone at night

  • 77 % Say there's holiday spirit

  • 74 % Say car is needed

  • 71 % Say kids play outside

  • 68 % Say it's walkable to grocery stores

  • 68 % Say yards are well-kept

  • 63 % Say streets are well-lit

  • 61 % Say it's quiet

  • 59 % Say it's walkable to restaurants

  • 55 % Say there's wildlife

  • 48 % Say neighbors are friendly

  • 47 % Say they plan to stay for at least 5 years

  • 31 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • 20webb03
    "It’s a college town, but usually pretty quiet. Most people just keep to themselves which is nice. Haven’t really had an issue at all"
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  • Mrwyatt_24
    "Not sure but there are lots of side walks and places to walk your dog anytime of the day. Thank you "
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  • Mohammed A.
    "No major interesting event often happen here, except for the rodeo and a summer country festival. ........"
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  • Tbilreyn
    "Lots of dogs. Close to multiple parks to play. Great sidewalks for walking. There is always something for a dog to do."
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  • Katdavis55
    "It really depends on which area of cheney you live in, some areas definitely feel safer in some areas than others. "
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  • Britney R.
    "The community events in my neighborhood are may fest and the rodeos and church events and family and friend events. "
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  • Kendall C.
    "It's close to the university as well as downtown cheney, however there are college students spread out which could be a positive or negative however you look at it. So nearby parties happen, trash does get left around "
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  • Adriana P. P.
    "We often times see kids from Cheney high hanging out in the street. Beware of what your kids are doing once they get out of classes. "
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  • Wendy N.
    "There’s a park literallly in our back yard, you go through a gate and it’s there. Right next to a elementary school too. And fairly close to Eastern. "
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  • Ringolemalu
    "My neighborhood has great access to public transportation. it's easy to get around on foot or bike as well."
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  • Ringolemalu
    "my neighborhood is easy to get around. walking distance to everything and a lot of street parking available."
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  • Ringolemalu
    "My neighborhood has great access to shopping and dinning areas around town. Very laid back community."
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  • Wendy S.
    "This is a Friendly, well kept area. It is a family neighborhood as opposed to some areas in town with more rentals. This area is Close to shopping, schools, and recreation. A prefect small town feel but all the amenities of a big city with downtown Spokane only 20minutes away."
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  • Simcarothers
    "It's in the middle of everything, and with a hus stop down the block you can easily get to anything you need."
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  • Matthew S.
    "It’s blocks from the university and a park close by. You can walk down to downtown Cheney easily. There’s a lot of diversity in home owners and families as well."
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  • Matthew B.
    "WE live in this very Quite Nature Filled rural area just 3 miles from Downtown Cheney where there is ample Parking, recreation, educational facilities and everything one would need located in a small college community. "
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  • Kenny
    "We love living in this neighborhood. Blessed with incredible neighbors and we feel safe."
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  • Ben
    "This area is centrally located: 12 miles from Spokane, 5 miles from Cheney, 7 miles from Airway Heights, 5 miles from Medical Lake, 27 miles from Liberty Lake with easy I-90 access. Quiet rural area that allows for country living, gardening, backyard animals and sustainable living within a short distance from shopping, dining, and city life. "
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Market trends in Cheney

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
115
7MoM

Home Value

Trulia Estimate
$666K
Since last month
Increased$10K (+1.5%)
Since last year
Increased$27K (+4.2%)
Since last sale
Increased$16K (+2.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +133% in the last 10 years
MonthEstimated value
2026
September 2026$666K
August 2026$656K
July 2026$657K
June 2026$657K
May 2026$683K
April 2026$686K
March 2026$692K
February 2026$623K
January 2026$616K
2025
2024
2023
2022
2021
2020
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
17 5th St, Cheney, WA
0.16
Multi-Family Home
$468,800
08/14/26
7
5
2,016
910 2nd St, Cheney, WA
0.56
Multi-Family Home
$620,000
04/20/26
6
4
3,068
201 5th St, Cheney, WA
0.20
Multi-Family Home
$400,000
09/23/25
12
10
3,406
624 Union St, Cheney, WA
0.27
Multi-Family Home
$315,000
07/31/26
4
2
-
706 2nd St, Cheney, WA
0.42
Multi-Family Home
$425,000
07/22/26
13
39
5,292
1514 3rd St, Cheney, WA
0.97
Multi-Family Home
$323,000
02/03/26
4
2
1,638
317 College Ave, Cheney, WA
0.32
Multi-Family Home
$560,000
06/14/26
-
5,284
3208 Meadow Glen Ln #3210, Cheney, WA
1.89
Multi-Family Home
$543,840
03/26/26
6
4
2,856
324 N Silver Lake Ave, Medical Lake, WA
7.49
Multi-Family Home
$455,262
07/09/26
6
2
2,288

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
8 3rd St, Cheney, WA 99004
0.08
$222,300
2
1
1,005
Off Market
114 2nd St, Cheney, WA 99004
0.08
$260,000
2
1
-
Recently Sold
104 3rd St, Cheney, WA 99004
0.10
$425,000
6
3
2,400
For Sale
118 3rd St, Cheney, WA 99004
0.12
$283,300
3
-
1,036
Off Market
27 W 3rd St #21/23 & 27/29, Cheney, WA 99004
0.11
$659,200
300
100
4,076
Off Market
117 4th St, Cheney, WA 99004
0.14
$280,000
3
1
-
Recently Sold
204 3rd St, Cheney, WA 99004
0.14
$337,200
2
-
1,131
Off Market
17 5th St, Cheney, WA 99004
0.16
$468,800
7
5
2,016
Recently Sold
7 5th St, Cheney, WA 99004
0.16
$460,000
-
-
-
For Sale
118 W 2nd St, Cheney, WA 99004
0.15
$319,900
3
1
978
For Sale
121 5th St, Cheney, WA 99004
0.18
$541,000
6
4
3,504
Off Market

Price and Tax history

DateEventPrice
Jun 24, 2026
Source: SMLS as distributed by MLS GRID #202613422
PriceChange
$675,000
Price decreased by 4%
Mar 13, 2026
Source: SMLS as distributed by MLS GRID #202613422
Listed For Sale
$700,000
Mar 8, 2023
Source: SMLS as distributed by MLS GRID #202310858
Sold
$650,000
Feb 3, 2023
Source: SMLS as distributed by MLS GRID #202310858
Pending
$700,000
Jan 26, 2023
Source: SMLS as distributed by MLS GRID #202310857
Listed For Sale
$700,000

LGBTQ Local Legal Protections

Cambria Henry, Haven Real Estate Group
Agent Phone: (509) 590-4701
Based on information submitted to the MLS GRID as of 2026-09-21 23:53:10 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information

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Frequently asked questions about 5 2nd St

  • What is the estimated monthly payment for 5 2nd St?
    Based on a $675,000 list price with 20% down at today's rates, the estimated monthly payment for 5 2nd St in Cheney, WA is approximately $4,189 (about $3,641 principal & interest, $473 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Cheney?
    Residents describe Cheney, WA as dog-friendly, pedestrian-friendly, and easy to park in. See homes for sale in Cheney, WA.
  • What are the closest schools to 5 2nd St?
    The closest schools to 5 2nd St in Cheney, WA are Betz Elementary School (Pre-K, rated 6/10), Cheney High School (rated 6/10), Cheney Middle School (rated 4/10).
  • What is 5 2nd St estimated to be worth?
    Trulia's estimated value for 5 2nd St in Cheney, WA is $665,700.
  • Does 5 2nd St have parking?
    Yes, 5 2nd St in Cheney, WA has on-site parking.
5 2nd St, Cheney, WA 99004 is a 8 bedroom, 4 bathroom, 2,496 sqft multi-family built in 1999. This property is currently available for sale and was listed by SMLS as distributed by MLS GRID on Mar 13, 2026. The MLS # for this home is MLS# 202613422.