511 Clay Street

Cheney, WA 99004

$1,999,950
Price
9
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fully rented 8 unit complex comprised of 2 - 4 bedroom units, 6 - 5 bedroom units, 8 storage shed/closets and a 2 car garage. This well maintained complex is perfectly located in the heart of Cheney just a few blocks to grocery stores, parks, schools and EWU.Fully rented 8 unit complex comprised of 2 - 4 bedroom units, 6 - 5 bedroom units, 8 storage shed/closets and a 2 car garage. This well maintained complex is perfectly located in the heart of Cheney just a few blocks to grocery stores, parks, schools and EWU.
  1. Listed by Danielle LaBar • Touchstone Real Estate Group

Property Details for 511 Clay Street

Parking Features
Detached, Off Site, See Remarks
Architectural Style
Craftsman
Subdivision Name
The Towers
LISTING UPDATED: 01/04/2025 07:01 AM

Property Details for 511 Clay Street

StatusActive
MLS #202426108
Days on Market59
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Rental
Year Built2007
Lot Size0.68 AC / 29,621 SF
CountySpokane County

Building Information for 511 Clay Street

Building/Complex511 Clay StFloor-Stories2Residences8Pet Policy-Pet Policy Details-Year Built2007Building Size-

Property Information for 511 Clay Street

Summary
Location and General Information
  • County Or Parish: Spokane
  • Longitude: -117.57
  • Other Structures: Shed(s)
  • Class: Rental Income
  • Latitude: 47.50
Taxes and HOA
  • Additional Parcels: No
  • Parcel Number: 13142.0042
Parking
  • Garage Spaces: 2.00
  • Parking Total: 16.00
School Information
  • Middle Or Junior School: Cheney
Property
Lot Information
  • Lot Features: Level
  • Lot Size Acres: 0.68
  • Lot Size Square Feet: 29621.0
Property and Assessments
  • Construction Materials: Fiber Cement
  • 1031 Exchange: No
  • Bank Approved: No
  • FIPS: 53063
  • Year Built: 2007
  • First Photo Additional Detail: 2024-12-02T06:34:17.1
Utilities
  • High Speed Internet: Yes
Interior and Exterior Features
Exterior Features
  • Association Amenities: None
  • Area: A420/097
  • Structure Type: Two Story
  • Road Frontage Type: City Street, Paved Road
  • Roof: Composition Shingle
Interior Features
  • Basement: No
  • Heating: Electric, Ductless
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Slab
  • Stories: 2
  • Interior Features: Utility Room, Windows Vinyl
Multi Family
Income & Expenses Information
  • Water Sewer Expense: $6,000.00
Unit Information
Unit Information
  • Number Of Units Total: 8
Unit 1
  • Approx Square Feet: 1500
  • Baths Total: 2
  • Beds Total: 4
  • Type: Unit A
  • Units Total: 2
Unit 2
  • Approx Square Feet: 1500
  • Baths Total: 2
  • Beds Total: 5
  • Type: Unit B
  • Units Total: 6
Rental
Rental Information
  • Occupant Type: Tenant

Property History for 511 Clay Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 511 Clay Street

Taxable ValueLand$148,430Additions$1,578,170Total$1,726,600
Tax Record2023$14,421 ($1,202 / month)
Home Facts
Baths36Total Finished SqFt1,344 SqFtAbove Grade Finished SqFt1,344 SqFtStories2Lot Size29,686 SqFtStyleMulti-Family Res (5+ Units)Year Built2007CountySPOKANEAPN13124.0042

Schools near 511 Clay Street

This home is within Cheney School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Betz Elementary School
PublicPK to 5

Cheney Middle School
Public6 to 8

Cheney High School
Public9 to 12

Three Springs High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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511 Clay Street is a multi-family home for sale in Cheney, WA 99004. This property was listed for sale on December 1, 2024 by Touchstone Real Estate Group, it's currently listed at $1,999,950. It has been on the market for a total of 59 days and was last sold on June 9, 2023. This listing's school district is Cheney School District. Nearby schools include Betz Elementary School, Cheney Middle School and Cheney High School. 511 Clay Street is a 9-bed, 4-bath, multi-family home built in 2007.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Touchstone Real Estate Group

The information is being provided by Coeur d’Alene Multiple Listing Service and Spokane Association of REALTORS. Information deemed reliable but not guaranteed. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Coeur d’Alene Multiple Listing Service and Spokane Association of REALTORS. All Rights Reserved.