$975,000

621 3rd St

Cheney, WA 99004

Listed by Brad Foien, Cheney Realty, Inc.

Units
9
Built
1964
Size
7,656 sq ft
On market
117 days
Cap rate7.26%
Cash-on-cash2.3%
Cash flow+$519
Aaron Beal

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Purchase details

Purchase price
Closing costs 2.5%
Repairs and remodel

Loan details

Down payment
Interest rateour standard rate

Rents

Rents coming in⁠not on the MLS, confirmed with the listing agent

Expenses

Principal & interest5,381
Property tax 2026⁠$857
Insurance⁠No spot on MLS
Water & sewer⁠$425
Garbage⁠No spot on MLS
Left over after mortgage and expenses1,857

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance1,339

What is left

Cash left over each month+$519

The units

UnitBedsBathsSq ftRent / moRentometerestimatedRentCastestimated
121920$975estimated Rentometer $1,188 · RentCast $1,070$1,188$1,070
221920$975estimated Rentometer $1,188 · RentCast $1,070$1,188$1,070
321920$975estimated Rentometer $1,188 · RentCast $1,070$1,188$1,070
421920$975estimated Rentometer $1,188 · RentCast $1,070$1,188$1,070
521920$975estimated Rentometer $1,188 · RentCast $1,070$1,188$1,070
621920$975estimated Rentometer $1,188 · RentCast $1,070$1,188$1,070
721920$975estimated Rentometer $1,188 · RentCast $1,070$1,188$1,070
811700$700estimated Rentometer $944 · RentCast $1,230$944$1,230
932946$1,150estimated Rentometer $1,934 · RentCast $1,270$1,934$1,270

These 9 units add up to $8,675 a month. Those rents were confirmed with the listing agent.

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Price history

  1. Jun 4, 2026Listed for sale$975,000$108,333/unit

About the building

The Bellano in Cheney. Very nice 1964 Brick 9 unit apartment, only two blocks from EWU. Features seven two bed one bath units, one 3 bed 2 bath unit, and a 1 bed 1 bath unit. The apartments have nice updates and are in good condition. All units occupied and rented. Monthly rents bring in $8925 plus $80 per month for laundry washer/dryer. 1 year old roof and new gutter system. All units have a range, refrigerator, and dishwasher, plus free standing electric fireplace. Low maintenance grounds. Washer/Dryer bring in approx $80 per month.

Where it is

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Look it up yourself

Listed by Brad Foien, Cheney Realty, Inc. · MLS# 202618657 · Active

Cap rate, cash flow and cash-on-cash are Beal Estate NW’s own analysis, not MLS data — they follow the financing assumptions shown on this page, and they are not a valuation of the property and not investment advice. Talk to your lender, your accountant and your own advisers before you rely on any of it. MLS GridListings courtesy of Spokane REALTORS® as distributed by MLS Grid. Based on information submitted to the MLS GRID as of 9/29/2026, 4:15:01 PM. 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. Listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing; any other use or search of the data on this site is prohibited. Deemed reliable but not guaranteed accurate by MLS Grid. Verify everything before you write an offer. Report a copyright problem.