This home's estimate is 15.2% higher than the average sale price ($456K) of 6 comparable homes.
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706 2nd St, Cheney, WA 99004
About this home
Fantastic investment opportunity. Great location just a few blocks from Eastern Washington University. Past uses have been a fraternity and large group housing. Potential for commercial office building. Room for over 10+ parking spaces. The main floor offers a large dining hall and a large common area/meeting hall. The kitchen boasts commercial appliances that include a commercial dishwasher, a commercial gas range and commercial refrigerator. Tons of shelving's and storage room or pantry. There are 4 gas furnaces and 3 water heaters. All of the bedrooms do not have closets. 4 bedrooms on the main floor and one has an exit door that would make for a great office and 9 downstairs. There is a main floor bathroom with 2 urinals, 2 toilets, 3 sinks and walk in shower with 3 heads. The basement bathroom has 2 toilets, 1 walk in shower with 4 heads, 2 sinks and 2 toilets. The laundry room is located in the basement with 2 washer and dryer hook ups.
Redfin Estimate
Market trends in 99004, WA
Last updated September 2026
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Sale and tax history for 706 2nd St
- Sale History
- Tax History
$80/sq ft
$80/sq ft
$97/sq ft
$99/sq ft
$99/sq ft
$104/sq ft
$104/sq ft
$104/sq ft
$113/sq ft
$47/sq ft
$47/sq ft
$51/sq ft
$80/sq ft
$80/sq ft
Public record
Property details
Parking
- Parking Information
- Parking Total: 12
- Parking Features: Off Site
Interior
- Basement Information
- Basement Features: Full, Finished, Daylight, Laundry, Walk-Out Access
- Heating & Cooling
- Heating Information: Natural Gas, Forced Air
- Interior Features
- Interior Features: Hot Water, Pantry
- Appliances: Gas Range, Dishwasher, Refrigerator
- Multi-Unit Information
- # of Units (Total): 1
- Unit Type 1 Information
- # of Units: 13
- # of Bathrooms: 3
- # of Bedrooms: 1
Exterior
- Building Information
- Construction Materials: Brick Veneer, Vinyl Siding
- Roof: Composition
- Property Features
- Home or Community Amenities: None
- Property Information
- Property Type: Residential Income
- Zoning: C-1
- Lot Information
- Lot Features: Level, Corner Lot, Fencing
- Lot Size Acres: 0.23
- Road Frontage Type: City Street, Paved Road
Financial
- Tax Information
- Tax Annual Amount: $5,348
- tax_db_id: 1
- list_tax_property_id: 13131.1608
Location
- School Information
- Elementary School: Cheney
- Elementary School District: Cheney
- Middle Or Junior High School: Cheney
- High School: Cheney
- Location Information
- Address Search Number: 706
- Area: A420/097
- Directions: GPS
Public facts
- Beds: 13
- Baths: 3.0
- Sq. Ft.: 5,292
- Stories: 1.0
- Lot Size: 10,000 square feet
- Style: Multi-Family (5+ Unit)
- Year Built: 1999
- Year Renovated: 1999
- County: Spokane County
- APN: 13131.1608
Other
- Listing Information
- Class: Rental Income
- FIPS: 53063
- 1031 Exchange: No
- Lender Owned: No
- Relocation Corporation Owned: No
- Listing Date Information
- First Photo Add Dt: 2026-04-23T20:19:50.7
- Listings Off Market Status Date: 2026-06-13
- Home Information
- Living Area: 5292
- Building Area Total: 5292
- Building Area Source: Public Records
- Structure Type: One Story
- Listing Office Information
- SAR_LO1_BranchOfOrgID: 67
- Co-Listing Office Information
- SAR_LO2_BranchOfOrgID: 67
Around this home
Schools
Public PreK-5 • Assigned • 0.4mi
Public 6-8 • Assigned • 1.2mi
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
6% chance of being in a wildfire in next 30 years
7 days above 94° expected this year, 15 days in 30 years
Minimal risk of severe winds over next 30 years
13 unhealthy days expected this year, 14 days in 30 years
Sun exposure
Very good sunlight
SunscoreThis home receives average direct sun exposure in Cheney. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
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Nearby similar homes
New listings for sale in 99004
Home values near 706 2nd St
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 1612 Sq. Ft. | $282,174 |
5 Beds | 2 Baths | 2080 Sq. Ft. | $361,411 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 4 Baths | 2516 Sq. Ft. | — |
3 Beds | 2 Baths | 1296 Sq. Ft. | $171,679 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 1992 Sq. Ft. | $283,246 |
2 Beds | 1 Baths | 941 Sq. Ft. | $300,964 |
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