Beautiful newer luxury duplex in Cheney! Both sides are rented to great tenants on long term leases, with gross rents totaling $4,420. 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 a few blocks from shopping and restaurants.
Excellent investment opportunity in the Four Lakes area! This well-maintained duplex features two units, each offering a functional 2-bedroom, 1-bathroom layout with strong rental demand. Perfectly situated for easy access to I-90, Eastern Washington University, and Spokane, this property is ideal for investors seeking immediate income or a buyer looking to "house hack." Each unit comes equipped with a range, washer, and dryer for convenience. The property sits on a spacious 0.25-acre lot and includes a fenced backyard, a storage shed, and ample off-street parking. With a history of steady occupancy and a convenient location within the Cheney School District, this duplex represents a solid addition to any real estate portfolio.
Great rental investment opportunity in a desirable Cheney neighborhood near Eastern Washington University. This brick rancher duplex offers two spacious, well maintained units, each featuring 2 bedrooms and 1 bathroom with practical, tenant friendly layouts. Both units are currently rented, providing immediate income. Each unit includes its own porch, dedicated storage unit, and off street parking for added convenience. The seller has completed thoughtful updates during ownership, including flooring, interior paint, appliances, plumbing improvements, and a recently replaced water heater, contributing to the property’s overall condition. A solid, low maintenance investment in a consistently strong rental location.
Charming 4-Plex located in the heart of Cheney. Two units have 3 bedrooms and a bathroom with over 1000 sqft of living space, and two units have 2 bedrooms and a bathroom just shy of 700 sqft. Each home boasts everything on one level providing ease of accessibility, and the large corner lot offers additional parking or storage needs. Explore the vibrant locale just steps away from an array of dining options and groceries. Additionally, the proximity to schools and quality parks makes this property a strategic choice. Whether you're looking to occupy or explore rental opportunities, this 4 Plex presents a unique offering in a central location that shouldn’t be missed!
Completely remodeled and updated duplex just a block from Eastern Washington University campus. Well maintained and excellent location. With campus on one side and just two blocks from shopping make this a Cheney dream for an easy rental for investor perfect for student housing. Units have all been redone top to bottom. Wonderfully rare, each bedroom has a bathroom. Ample parking both designated off street and street. Brand new and ready to go! Current combined rental income is $3,680. Leases are up in June and July
Solid multifamily opportunity in Cheney just minutes from Eastern Washington University. This 4-plex features all units occupied, providing immediate rental income. Each unit includes its own washer and dryer for added tenant convenience. The property offers off-street parking and a location close to campus, dining, shopping, and everyday amenities—making it attractive for tenants. Great value-add potential for investors looking to expand their portfolio in a strong rental market.
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. The 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!
Great rental opportunity in the heart of Eastern Washington University! This property is a few blocks from the campus. Recently updated. It has 14 official bedrooms: There are 12 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.
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.
