Great rental opportunity in the heart of Eastern Washington University! This property is a few blocks from the campus. Recently updated. It has 11 official bedrooms: There are 9 bedrooms upstairs and has a huge bathroom with four shower stalls, a large vanity with seven sinks, and four toilet stalls. On the main level the house features two bedrooms with a connecting bathroom there is another half bathroom on the main floor. Through the main entrance is a living room that leads to an open family room setting next to the dining area and commercial kitchen. The dining area is spacious with ample countertop space, cabinets, a sink and dishwasher. There is a serving window from the adjacent commercial style kitchen with a large pantry, and a laundry room behind the dining area. Rent was $4000 mo and could probably go up from there. You could also rent by the room and get a bigger return on your investment. Seller is offering financing with 25% down at 7% int.
Investor opportunity, ideally located in the heart of Cheney near Eastern Washington University. Three fully remodeled 4-bedroom, 2.5-bath duplexes offers open-concept floor plans filled with natural light. Each unit features an attached garage, private driveways, air conditioning, and in-unit washer and dryer.
Investment Opportunity! This portfolio includes three fully remodeled 4-bedroom, 2.5-bath duplexes plus a triplex at 17-21 5th Street featuring one 1-bedroom/1-bath and two 3-bedroom/2-bath units. All units offer open-concept floor plans, in-unit washers and dryers, and convenient attached garages at the 3rd Street duplexes. Located just minutes from Eastern Washington University, tenants enjoy easy access to shopping, dining, entertainment, and campus life. Combined rental income of $13,970 per month makes this an ideal opportunity for investors seeking stable cash flow in a high-demand area.
INVESTMENT OPPORTUNITY! This well-maintained triplex features a mix of units: one 1-bedroom/1-bath and two 3-bedroom/2-bath apartments, offering open-concept floor plans and in-unit washers and dryers. Located just minutes from Eastern Washington University,
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.
PRIME income-producing property DIRECTLY across from Eastern Washington University in Cheney, WA! This rare triplex for sale near EWU sits on a corner lot just steps from campus - 1 minute walk to Showalter Hall and 2 minutes to Downtown Cheney restaurants, bars, and shops. One of the closest multifamily investment properties currently available to Eastern Washington University, ideal for student housing, college rental, off-campus housing, buy-and-hold investors, or 1031 exchange buyers seeking cash flow and long-term appreciation. This registered historic triplex features separately metered units, campus views, mature trees, covered porches, and off-street parking for each unit. New 2025 roof, exterior paint, and LVP flooring in 2020. Rare Cheney WA multifamily in a high-demand EWU rental market in Spokane County. Home Warranty Provided!!
Excellent investment opportunity just steps from Eastern Washington University. This well-maintained up/down duplex offers two separately metered units, each featuring 2 bedrooms and 1 bathroom making it ideal for consistent rental demand in a prime location. Long-term tenants are already in place, providing immediate cash flow. The property includes a shared carport, private patio area, and additional off-street parking, adding convenience and appeal for tenants. Situated across the street from EWU and close to shopping, dining, and transit, this duplex is a strong addition to any investment portfolio.
Don't miss out on this PRIME INVESTMENT OPPORTUNITY in the heart of Cheney! Located minutes from EWU, shopping, restaurants and Cheney schools, but also only 20 minutes from Downtown Spokane, Fairchild AFB, and Spokane International Airport, this nicely updated townhome-style duplex has extremely broad tenant appeal. Seller has spent over $125,000 on improvements, including flooring, paint, new SS appliances, new A/C units, vinyl privacy fencing, and lighting. One unit is vacant and creates the perfect opportunity for the buyer who wants to live in one side and rent the other. Light, bright, open and spacious there is so much to love about this property and this opportunity!
Beautiful new luxury duplex in Cheney! Both sides are rented to great tenants on long term leases, with gross rents totalling $4,425. Each unit features 3 bedrooms, 2.5 baths, and a spacious 1,536 sq. ft. of living space. Many quality features including quartz countertops in the kitchen and baths, custom cabinets with soft-close drawers, and stainless steel appliances. The primary bedroom includes an en suite bathroom with a walk-in closet and double sinks. Both units come with a 2-car garage and the landscaping was designed with low-maintenance in mind. Whether you're an owner occupant looking to rent out one side or an investor seeking high-quality tenants, this is a perfect fit. Conveniently located near Eastern Washington University and minutes from shopping and restaurants. Another identical duplex available for sale next door, creating the opportunity to own 4 high quality rental units.
This fourplex is a turnkey investment with strong cash flow and excellent equity potential! 2: 2-bed one-bath, 2: 1-bed one-bath units feature spacious bedrooms, abundant natural light, updated kitchens & bathrooms, and modern flooring. Back lot is zoned commercial, tenants enjoy a massive shared front & back yard, perfect for BBQs and water balloon fights, bringing a true sense of community! Recent 2023 renovations have enhanced the property, with room for further improvements to increase equity and rental income. Shared laundry facilities add convenience, while its prime location on the bus routes ensures easy commuting. This is a fantastic opportunity for investors and owner-occupants, possibly eligible for FHA, 203K FHA, and VA financing, don’t miss out!
Cheney is located in Washington. Cheney, Washington has a population of 12,743. Cheney is less family-centric than the surrounding county with 26.68% of the households containing married families with children. The county average for households married with children is 30.49%.
The median household income in Cheney, Washington is $42,275. The median household income for the surrounding county is $64,079 compared to the national median of $69,021. The median age of people living in Cheney is 23.4 years.
The average high temperature in July is 82.7 degrees, with an average low temperature in January of 23 degrees. The average rainfall is approximately 17.6 inches per year, with 42.3 inches of snow per year.
