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 $3,990.
Excellent investment opportunity or owner-occupancy with rental income with this Cheney Tri-plex. Unit 104 features 3 bedrooms, a full bathroom, and convenient single-level living. The bright living room welcomes abundant natural light and centers around a cozy wood-burning fireplace. New LVP flooring flows through the hallway to a functional kitchen complete with oak cabinets, an informal dining area, dishwasher, electric range, and refrigerator. Unit 106 is accessed from the back deck, where stairs lead to a comfortable lower-level apartment featuring two spacious bedrooms, a 3/4 bathroom, a cozy but functional kitchen, and a welcoming living room that ties the space together. Unit 102 has its own private entrance from the side of the home and offers a studio layout with a comfortable living area, spacious kitchen, and a tucked-away 3/4 bathroom. This income-producing property offers flexibility, strong rental appeal, and long-term investment potential.
Cash flowing 11 unit apartment in the heart of Cheney. The unit mix is 7 - 1/1 and 4- 2/1. The current owner has moved rents and updated most units. The property is low maintenance with newer roof, updated vinyl siding and windows, concrete walkways, updated interiors, off street parking and there is still room to move rents to market rates! The Cheney market has low vacancy and with all of the new business on the West Plains, this could be the perfect long term investment. Hurry before it is gone!
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. Monthly rents bring in $8475 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.
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.
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.
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!
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.
This has the potential to pencil out attractively based on current rents & it's fully occupied! This 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 - just across the grounds to Showalter Hall and 2 minutes to Downtown Cheney restaurants, bars, and shops. Recent Updates include a new 2025 roof, exterior paint, new LVP flooring, and interior paint. This is one of the closest multifamily investment properties available near the school, making it ideal for a long-term investment, student housing, 1031 exchange, house hacking, and buyers seeking cash flow and long-term appreciation. This registered historic triplex features separately metered units, campus views, mature trees, and off-street parking for each unit. Gross monthly rental income is $3,250/Mo (Unit 323: $1500, Unit 325: $900, Unit 321: $850/Mo)
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.
