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About This Home

This 4-bedroom, 4-bathroom residential multi family at 422 4th St in Cheney, WA is listed for $450,000 ($203 per sqft). Built in 1895, the home offers 2,215 sqft of living space on a 0.11 acres lot.

Agent 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.

Key Features

  • Built in 1895
  • 0.11 acre lot
  • 3 stories
  • 4 parking spaces

Property Details

3 stories
4 full
4 spaces
1895

Amenities

A/C

Monthly Cost Estimate

$2,407/mo

20% down · 6.5% · 30 years

Principal$325
Interest$1,950
Insurance$131

Estimates only. Actual payments may vary.

Location

422 4th St

Cheney, WA 99004

Features & Amenities

Interior Features

Windows Vinyl

Property Details

Construction

Brick

Pool Features

Patio

Parking

AssignedOffsite

Heating

Electric (Heating)Ductless (Heating)Baseboard

Cooling

Window Unit(s)

Appliances

Free-Standing RangeDishwasherRefrigeratorMicrowave

Questions & Answers

This 4-bedroom, 4-bathroom residential multi family at 422 4th St is listed at $450,000 ($203/sqft). The estimated monthly payment is $1,950 based on 20% down at 6.5% interest.

Key features include: Built in 1895, 0.11 acre lot, 3 stories, 4 parking spaces. Interior Features: Windows Vinyl.

This property is listed by Marcy Mongan and can be reached at (509) 747-1051 or marcym@windermere.com.

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MM

Marcy Mongan

Agent at Windermere Manito, LLC

(509) 747-1051

Listed by Windermere Manito, LLC

MLS# 202611823· Source: listhub· Updated 64 days ago

Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

422 4th St, Cheney, WA 99004

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